Preferred Time Frame: 15-minute, 1-hour, 4-hour and daily charts
Currency Pairs: major and minor pairs
Trading Session: Tokyo, London and New York
Buy Trade Setup
Entry
- The Flat Trend RSI filter should be printing positive histogram bars indicating bullish momentum.
- On the Double Trend Profit indicator, the faster moving average line (green) should cross above the slower moving average line (blue) indicating a bullish trend reversal.
- These bullish trend reversal signals should be closely aligned.
- Enter a buy order on the confluence of the above conditions.
Stop Loss
- Set the stop loss on the support level below the entry candle.
Exit
- Close the trade as soon as the Flat Trend RSI filter starts printing negative histogram bars.
- Close the trade as soon as the Double Trend Profit indicator’s slower line changes to white.
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