464# Price Action Retracement Trading System
Retracement trading system with EATA Pollan indicator
EATA Pollan indicator V.3.1 no repaint
Submit by MJK Trader 28/07/2013
Time Frame 15 min or higher.
Currency pairs:any.
Exponential moving average 20 EMA Low (Red line);
Exponential moving average 20 EMA high (Blue line);
Exponential moving average 200 EMA close;
EATA Pollan indicator V.3.1 no repaint(setting 34, 9, 5);
Pivot Points Levels indicator.
The rule for this Trading system are very simples are based on the price action.
Trade only in trend.
Buy
34 exponential moving average channel is above 200 exponential moving average.
When appears blue arrow of the EATA Pollan indicator, wait that that the price retraces into the channel, at this moment go open long position.
Sell
34 exponential moving average channel is below 200 exponential moving average.
When appears red arrow of the EATA Pollan indicator, wait that that the price retraces into the channel, at this moment go open short position.
Exit position
1)At the Pivot points levels
2) Profit Target predetermined, depends by time frame and currency, or ratio 1:2 stop loss.
3 Initial Stop loss on the previous swing after X pips in gain move stop loss at entry point.
Price Action Retracement Trading System: template and Indicators
EATA Pollan Indicator v.3.1 no repaint
Forex trading system download
In the pictures below Price Action Retracement Trading System in action.
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