Time Frame: M15 (only) || Expiry: 15Min
Platform: MetaTrader4 (MT4)
Assets: Any (especially Currency Pairs)
Note: even without using any optimization tips or additional filter, this system is tested
and found to be scoring an average win rate of 70%+ consistently. Just ensure that you
are patient enough to wait for the candle to retrace to its opening price OR get those
signals that come immediately a new candle is forming. Try other expiries too.
Avoid trading when candles forming so tiny or too large
If possible, do not trade for 30min from when markets or sessions open
If you can, do not trade CALLs into Resistance levels and PUTs into Support levels
Don’t chase signals. If you cannot get a good entry price level, skip the trad
TRADING SIGNALS
CALL Signal
1. A DeepSkyBlue Up Arrow appears below the previous Candle. The candle with the arrow is touching the Blue MA, nearly touching it or even below the MA
2. The Yellow Moving Average (MA) is above the Blue MA; both are pointing up
3. The current candle has just started forming or has retraced back down to its opening price (or very close to its opening price)
4. Enter a CALL trade to expire at the end of the 15Min candle.
PUT Signal
1. A Magenta Down Arrow appears above the previous Candle. The candle with the arrow is touching the Blue MA, nearly touching it or even above the MA
2. The Yellow Moving Average (MA) is below the Blue MA; both are pointing down
3. The current candle has just started forming or has retraced back up to its opening price (or is very close to its opening price)
4. Enter a PUT trade to expire at the end of the 15Min candle.
Feel Free to Add Other Filters
Example: using Bollinger Bands, ensure the candle with the arrow touches or nearly
touches the Lower BB for CALLs or upper BB for PUTs.
Posts
