It will not function unless the latest version is used.
The trading rules used this time are a common approach.
Trades are taken when the 1-hour timeframe contracts and then expands, and the 15-minute timeframe also contracts and then expands.
However, this signal only provides a setup on the 15-minute timeframe.
Therefore, the 1-hour timeframe is assessed at discretion, and the trigger on the 15-minute timeframe is also judged discretionarily.
There is no longer any need to check currency pairs unnecessarily.
This signal is displayed when the 15-minute timeframe begins to expand.
- The key point this time is as follows:
After confirming that conditions are suitable for searching for a trigger on the lower timeframe,
the higher timeframe is then checked to determine whether it is worth trading.
If you start by checking the higher timeframe, opportunities are often missed, so the lower timeframe is checked first. - Entry conditions
- A signal is displayed when:
- SMA 320 has been rising or falling consecutively for 10 periods.
- SMA 80 has been rising or falling consecutively for 5 periods.
- SMA 20 has been rising or falling consecutively for 5 periods.
- An entry signal is displayed only when all conditions are aligned. - Exit conditions
- Automatic exit when any of the entry conditions changes to a different signal.
- However, this has not been verified. - Timeframe
- 15-minute chart. - Currency pairs
- Those displayed in Market Watch. - Risk / position size
- 1% of account balance per trade. - Stop loss (SL)
- Approximately at the most recent high or low. - Dashboard PL %
- Profit and loss as a percentage of account balance. - Notes
- Daily results.
- As this was just before Christmas, a tight stop loss was set and an early discretionary exit was planned.
- It will not function unless the latest version is used. - Areas for improvement / points for consideration
- The suitability of the exit conditions has not yet been verified.
