Double Trend Confirmation Forex System
This forex system uses double trend confirmation. You can expect 3-8 signals on each pair depending on the chosen time frame and market volatility.
Preferred time frame(s): 15 min, 30 min, 1 hour
Trading sessions: london, us
Preferred Currency pairs: Majors
Trading Example (EUR/USD H1)
128 Pips in 3 trades! 56 pips + 50 pips + 22 pips (open trade)
- Indicator signal lines are green and blue colored
Enter buy trade. Place stop-loss 5 pips below the previous swing low (support).
Price objective method 1: Exit buy trade at opposite signal (sell).
Price objective method 2: Exit buy trade for risk-to-reward 1:2 (i.e. risking 20 pips to make 40)
- Indicator signal lines are red and white colored
Enter sell trade. Place stop-loss 5 pips above the previous swing high (resistance).
Price objective method 1: Exit sell trade at opposite signal (buy).
Price objective method 2: Exit sell trade for risk-to-reward 1:2 (i.e. risking 25 pips to make 50)