RULES: -----------------Auto-Trendline Strategy ------------------------
For LONGS:
1- 3 Green squares on the Trend meter (Oscillators)
2- Green Trend line price Break
3 - Price above 10 EMA
4- Watch for support/resistance Gap in between.
5- Open 1:1 Risk reward ratio Long based on the largest wick of last 8 candles.
For SHORTS:
1- 3 Red squares on the Trend meter (Oscillators)
2- Red Trend line price Break
3 - Price below 10 EMA
4- Watch for support/resistance Gap in between.
5- Open 1:1 Risk reward ratio short based on the largest wick of last 8 candles.
In our case rule 1,2 and 3 are coded in the triangles so you only need 2 indicators (Auto-trendline strategy) (Support/Resistance zones)
You only need to follow rule 4 and 5.
DO NOT WAIT FOR FULL TP, THIS IS A SCALPING STRATEGY DONT GET GREEDY
when alt season begins this strategy is gonna be golden =) enjoy
For LONGS:
1- 3 Green squares on the Trend meter (Oscillators)
2- Green Trend line price Break
3 - Price above 10 EMA
4- Watch for support/resistance Gap in between.
5- Open 1:1 Risk reward ratio Long based on the largest wick of last 8 candles.
For SHORTS:
1- 3 Red squares on the Trend meter (Oscillators)
2- Red Trend line price Break
3 - Price below 10 EMA
4- Watch for support/resistance Gap in between.
5- Open 1:1 Risk reward ratio short based on the largest wick of last 8 candles.
In our case rule 1,2 and 3 are coded in the triangles so you only need 2 indicators (Auto-trendline strategy) (Support/Resistance zones)
You only need to follow rule 4 and 5.
DO NOT WAIT FOR FULL TP, THIS IS A SCALPING STRATEGY DONT GET GREEDY
when alt season begins this strategy is gonna be golden =) enjoy
Comment:
You can set alerts for the triangles for long/short and also use multiple filters such as 400 or 200 or 100 EMA filter depending how aggressive trader you are.
