The Turtle Channel Trading with FTR SigLine Power Price Action Strategy

This Turtle Channel Trading with FTR SigLine Power Price Action Strategy  is a forex strategy trend following based on the turtle channel indicator.

  • Best Time Frames: H1,H4, and Daily
  • Most Recommended Currency Pairs: GBPJPY, USDJPY, and EURUSD
Recommended Article:  H4 USD JPY Forex Trading - Super Effective Foreign Exchange Low Risk Trading System and Strategy

 

MetaTrader Trading Indicators
  • FTR SigLine
  • Power price action (heiken ashi modified)
  • Power price action 2 (heiken aschi modified)
  • SignalTrend
  • Williams’ Percent Range

 

BUY Rules


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  • FTR SigLine (Turtle Channel) blue line
  • Power price action (Green color)
  • Power price action 2 (Green color)
  • RSI line upward above 50 level

 

SELL Rules

  • FTR SigLine (Turtle Channel) red line
  • Power price action (Red color)
  • Power price action 2 (Red color)
  • RSI line downward below 50 level

 

Trading NOTES
  • Place initial stop loss above/below the previous swing with Risk Reward Ratio 1:3
  • You can use this strategy also for trading intraday with FTR SigLine (turtle channel) as support and resistance

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