Re: Trading Pullbacks System

977
This strategy is great and follows a similar concept than mine.
But i use Gann Hi Lo or also called SSL as an entry trigger for ranging or strong counter movements as an entry trigger. If it was an immediate pullback, i used RSI candles on setting 2 as an entry. When then market is oversold i bought and vice versa
I just tried it out of curiosity and passed FTMO with it. Never risked more than 0,5% per trade. After 3 losses i quit for that day. Took a pair that is trending, volatile and has a reasonable spread. Of course it is important to look out for tops and bottoms. I always took the first pullback since the chances are the highest. The later you enter the higher is the chance that it will form a Top/Bottom and reverse.
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Re: Trading Pullbacks System

979
LittleCaro wrote: Thu Nov 04, 2021 7:02 pm Sorry man,

I thought you were using an indicator to draw the black trend lines.
No problem LC. I do use an indi because I like the trendline break alerts on HTF's. This is a paid/commercial version so not allowed to link here in public. You can use stochastics or Bill Williams AO histo for the peaks and valley's to draw the trendlines, examples are in this thread.
hope this helps best M.


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