Easy Trendline Trading Strategy
Simple trading system that I share this time only for the execution relies on the trendline drawn manually, and 2 pieces of additional indicators as follows;
1. i-paramon worktime, is used to provide colored areas in the range of time “trading setup.”
2. Arrows are used to signpost the trend.
I use this system at TF 15 minutes, and capture trading opportunities in the span of time “09:00” GMT until “12:00” GMT. You can customize it with time on your broker through the settings i-ParamontWorkTime indicator.
Take Position Buy if:
1. Note the colored area, note the high and low throughout this colorful area.
2. Up Arrow appears on the colored areas.
3. Fig trendline (/), starting from the high point (in the colored area) toward the high point of the last candle of the colored areas.
4. Candle cross the trendline from the bottom up, and make sure the candle closed above the trendline as confirmation candle.
5. Take a buy position during the confirmation candle has been closed.
6. Let your profits run …. until the arrow in opposite directions. You can close buy position when the candle is closed.
Take the Sell Position if;
1. Note the colored area, note the high and low throughout this colorful area.
2. Down Arrow appears on the colored areas.
3. Fig trendline (/), starting from the low point (in the colored area) toward the low point of the last candle of the colored areas.
4. Candle cross trendline from top to bottom, and make sure the candle closed below trendline as confirmation candle.
5. Take a sell position when the confirmation candle has been closed.
6. Let your profits run …. until the arrow in opposite directions. You can close the sell position when the candle is closed.
Another Example Trendline Trading Setups
You can use a trailing profit or profit lock to secure your profits ….
Please download the indicators and the template here:
Easy Trendline Strategy
