the 200 EMA and 200 EMA is pointing higher, then the market is in a long-term uptrend (of your given timeframe ). Indicator: I use only 1 Metatrader4 indicator called Swing ZZ(zz for zigzag). Market orders, when the strategy is required to make them, are assume to execute immediately. The steeper the MA, the stronger the trend. A subscriber recently asked me, rayner, whats the one indicator you cant do without? (c) I prefer to place my stop loss at least 5 pips above the most recent swing high. Past performance is not necessarily indicative of future results. The only element would suggest performing before you start, is to draw a horizontal line on the.00 level in the RSI indicator.
Advanced strategy #10 (Trend Line Trading Strategy A Semi-automated Trend Line Trading Strategy - System How To Use Trend Lines As A Trading Strategy For Swing Trading Bollinger Bands Bounce Trading Strategy DecisionBar - Easy-to-Use Trading Software for Trading
However, on real time bars, the first order is executed, and the second order is generally cancelled. You must place your order when that candle closes. DecisionBar Trading is real trading - no gimmicks. During the off hours we are available by email (responses usually within one hour) and by appointment. If a trade execution is desired, then the trend line drawn is immediately reformatted to the Color and Style appropriate for the desired order type. MaxLimitReversals: The number of times a limit order may reverse the current position. For example, the trend line number or its color can be used to identify the desired order type (Buy Limit, Buy Stop, Sell Limit, Sell Stop). So, heres what youll learn today: Warning: This isnt a basic guide where youll learn the difference between simple, exponential, or weighted MA (you can google them yourself).