87# Action zones – Day and Swing Trading -
Dynamic Action zones filtered by MACD
Trade Levels Strategy
Submit by Karl
Action zones is a trading system for based on dynamic support and resistance zones for day trading and swing trading there are two templates (for day trading 15 min, 30 min and 60 min and swing trading for H4, daily and weekly)the difference is that for swing trading price zones are used for day trading price levels.
The logic of the system is very simple when the price bounces between the levels or touches the levels, it is necessary to open a position in the opposite direction confirmed by the crossing of the MACD.
Time Frame 15 min or higher. Best time frame for day trading is 30 min.
Currency pairs: majors and minors.
Metatrader 4 Indicators:
MACD 2 line default setting but you can setting also more aggressive (fast);
Round Numbers;
Actions zones;
Intraday levels;
Eswing Point.
Trading rules Action zones – Day and Swing Trading -
Day Trading
Buy
The price bounces on the red line.
MACD 2 line crosses upward.
Sell
The price bounces on the green line.
MACD 2 line crosses downward.
Exit position
Profit target at levels blue line or at the round number.
Place initial stop loss at the levels above/below the green and the red lines.
In this way the profit / loss ratio is always> = at 1.1.5
Swing trading
Buy
The price bounces on the Action Zone red.
MACD 2 line crosses upward.
Sell
The price bounces on the Action Zone blue.
MACD 2 line crosses downward.
Exit position
Profit target at the round number.
Place initial stop loss at the first round number levels above/below the action zone of reference.
Fixed the profit / loss ratio > = at 1.1.3.
In the pictures Action Zones in action.
Telegram Channel: https://t.me/freeforexresources
Share your opinion.
Александр (Tuesday, 07 July 2020 14:22)
Привет! Где можно узнать больше о индикаторе " Intraday-Levels"?