470# Trading with Slope indicator
Slope indicator
Submit by Buddy 03/04/2013
Time Frame:daily.
Currency Pair:any.
1. Slope 1 Indicator
3. CM Indicator
ENTRY RULES
BUY RULES
Open a LONG position when all these conditions are satisfied
- Slope 1 Indicator shows a bullish signal in Green Color
- Slope 2 Indicator shows a bullish signal in Green Color
- CM Indicator shows a bullish signal in Green Color
SELL RULES
Open a SHORT position when all these conditions are satisfied
- Slope 1 Indicator shows a bearish signal in Magenta Color
- Slope 2 Indicator shows a bearish signal in Magenta Color
- CM Indicator shows a bearish signal in Red Color
Stop loss
The suggested stoploss value for daily timeframe is around 100-120 pips
Exit
There are two ways to exit your trade
- Use take profit level equals or 2 times of stoploss level.
- Exit when there are at least two indicators showing a reversal signal
In the picture belowTrading with Slope indicator in action.
Forex Trading system.
Trading with Slope indicator:Indicators metatrader and template
Share your opinion, can help everyone to understand the forex strategy.
Muhammad (Saturday, 30 December 2023 01:04)
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