High Accuracy Forex Slope Direction Line Trading Strategy

Forex Slope Direction Line (SDL)Trading Strategy is a very easy and simple trategy to make money in the Forex market.

Slope Direction Line Trading Strategy is a trend momentum strategy based on the Slope Direction Line Trading and RSI indicator.

• Best Time Frame : H4
• Best Currency Pairs :  EUR/USD

 

Slope Direction Line is an extremely useful tool for traders to determine cyclical buying and selling points.

Traders can utilize this tool most effectively by (a) calculating an exact time interval and (b) using it in conjunction with several other forms of technical.

Note that the Slope Direction Line actually looks just like any other trend indicators, and it is used in much the same way. Here are the basic rules for interpreting the Slope Direction Line:

Possible SELL Signals:

• Slope Direction Line red color and has started to curve downwards.

Possible BUY Signals:

• Slope Direction Line white color and has started to curve upwards.

 

Relative Strength Index (RSI) is similar to Stochastic in that it identifies overbought and oversold conditions in the market.

In addition to the overbought and oversold indicators mentioned above, traders who use the Relative Strength Index (RSI) indicator also look for center area crossovers.

A movement from below the center area (55-45) to above indicates a rising trend.

A rising center area crossover occurs when the RSI value crosses ABOVE the 55-45 area indicates the market trend is increasing in strength, and is seen as a bullish signal until the RSI approaches the 70 line.

A movement from above the center area (55-45) to below indicates a falling trend.

A falling center line crossover occurs when the RSI value crosses BELOW the 55-45 area on the scale, moving towards the 30 line. This indicates the market trend is weakening in strength, and is seen as a bearish signal until the RSI approaches the 30 line.

• Download “ForexWOT.Com-SlopeDirectionLines” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT.Com-SlopeDirectionLines.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “ForexWOT.Com-SlopeDirectionLines” trading  system and strategy
• You will see “Forex Slope Direction Line Trading System” is available on your Chart

 

• Slope Direction Line white color and has started to curve upwards.
• RSI line above level 55

 

• Slope Direction Line rede color and has started to curve downwards.
• RSI line below level 45

 

Be patient. Once a trade is put on, give it time to work; give it time to insulate itself from random noise; give it time for others to see the merit of what you saw earlier than they.

Be impatient. As always, small loses and quick losses are the best losses. It is not the loss of money that is important. Rather, it is the mental capital that is used up when you sit with a losing trade that is important.

Never, ever under any condition, add to a losing trade, or “average” into a position. If you are buying, then each new buy price must be higher than the previous buy price. If you are selling, then each new selling price must be lower. This rule is to be adhered to without question.

Do more of what is working for you, and less of what’s not. Each day, look at the various positions you are holding, and try to add to the trade that has the most profit while subtracting from that trade that is either unprofitable or is showing the smallest profit. This is the basis of the old adage, “let your profits run.”
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