High Accuracy M30 Forex Trend Lines Price Levels Trading Strategy Combining With ESSAM and Stochastic Indicator

Absolutely High Accuracy M30 Forex Trading System.  Forex Trend Line Price Levels Trading Strategy Combining With ESSAM and Stochastic Indicator. ESSAM with I-stochastic-txt is a trend momentum system. It’is based on three indicators (trend, momentum and price action).

 
DEFINITION of ‘Trendline’ – A line that is drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any time frame.

Time Frame : M30, H1, H4, daily.

Currency Pairs : any (EUR/USD, GBP/USD, AUD/USD, NZFD/USD,GBP/JPY, EUR/JPY, AUD/JPY and other).

 

 

• Joker Filter
• Price Levels
• Momentum
• I-stochastic TXT (5, 3, 20);
• Channel (0,2);
• Channel (38, 5);
• Essam (CCI 14; RSI 14);
• Essam (CCI 14; RSI 9).
• Rules for Essam with I-stochastic TXT
• Trade only in the direction of the trend.

 

• Channel 1 and Channel 2 in up direction.
• Price in green (BUY) Price Level
• Momentum >100
• Joker Filter blue
• Essam Yellow bar > red Bar;
• when appears up arrow buy at the opening next bar.

 

• Channel 1 and Channel 2 in down direction.
• Price in brown (SELL) Price Level
• Momentum < 100
• Joker Filter red
• Essam red bar > yellow Bar;
• when appears up arrow buy at the opening next bar.

 

• Initial stop loss on the previous swing.

 

• Profit Target 15-20 pips 30-60 min time frame, TF 240 min (profit target 30-40 pips),
• daily TF ( profit target 80-140 pips).

Find always the currency pairs in trend.

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