Forex Auto Trend Support Resistance Trading Strategy
This Trading System is trend following. The trend is determined by autotrend channel.
Time Frame 30 min or higher.
Currenci pairs: any.
Spud Stochastic: ( composed by 19 Stochastic indicators);
Autrend Channel (setting 30 min , 60 min: 24 hours- 240 min 60 hours- daily 336 hours) (This setting is the heart of the trading system: the secret);
Fib Pivot 3 (only for intraday trading wit time frame 30 min and 60 min).
Rules for: Autotrend Channel Trading System
AutoTrend Channel in up trend;
lines Spud Stochastics > 50 or 76
Long entry position at the open next bar after a buy swing arrow.
AutoTrend Channel in down trend;
lines blue Stochastics indicators
Short entry position at the open next bar after a sell swing arrow.
At the oppoosite arrow.
Intraday Trading Fibo pivot is the good Profit Target.
25-30 pips profit targrt
Swing Tradind Profit Target Predetermined by time frame and currency pairs.
Ratio 1.3 Stop loss.
Initial Stop loss on the previous swing:
for intraday trading after 18 pips in gain move stop loss at the entry price;
for swing trading after ratio 1:1 move stop loss at the entry price.
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