Profit With Simple Trendline Breakout
I want to share a simple trading system using easy profit with trendline, an intraday trader. A fairly good system in the open position, to avoid negative floating. Moreover, this system is applied on the H4 time frame, so it is seldom open position, but once open position, profits could be hundreds of pips.
This system is still based on trendline as execution, the method is quite general. Because using breakout level.
This system is familiar with the trading mode, where there is now “Buy Only” or “Sell Only”.
When “Buy Only” means only opportunity you are looking for buy pricing momentum, marked by the trendmagic indicator “UP” blue. While the “Sell Only” means only sell opportunities sought pricing momentum, marked by trendmagic indicator “Down” in red.
Entry Rules
Buy condition;
1. Price have to be on top blue line from magic trend indicator and yellow arrow sign appears.
2. Though you are tempted to immediately open position “Buy”, according to this system then you must be patient., This system is only trying to catch a long trend, and entry at the right time. because the arrow sign is just a prediction “Top or Bottom”, so it may change if the market still wants to move more extreme.
3. Wait formed wave “THV Trix” green cross up to green slope and happen at above 0.00 level.
4. Pull the trendline from the previous peak, towards a new peak.
5. Open positions “Buy”, while candle “cross and closed” in the upper trendline.
6. Let your profits run, and if appear red arrow in the opposite direction, it would be more secure if you have “Lock Profit” at any level is like. Usually i take my take profit based each 9 squared MM level.
If formed two new peaks, you can add a position to attract new trendline, long arrow opposite has not emerged.
Sell Condition:
1. Price have to be on below red line from magic trend indicator and red arrow sign appears.
2. Though you are tempted to immediately open position “Sell”, according to this system then you must be patient … This system is only trying to catch a long trend, and entry at the right time. because the arrow sign is just a prediction “Top or Bottom”, so it may change if the market still wants to move more extreme.
3. Wait formed wave “THV Trix” red cross down to red slope and happen at below 0.00 level.
4. Pull the trendline from the previous valley, towards a new valley.
5. Open positions “Sell”, when candle “cross and closed” under the trendline.
6. Let your profits run and if yellow arrow in the opposite direction emerge, it would be more secure if you have “Lock Profit” at any level is like. Usually i take my take profit based each 9 squared MM level.
If formed two new valley, you can add a position to attract new trendline, long arrow opposite has not emerged.
Sell Signal Trendline
You can download this template easy trendline profit strategy using trendline indicator here.
Conclusion
Read this major trend at least from four hour time frame to get the right side for our entry position, and be patient on waiting valid signals because we can catch the big swing using this simple strategy. And one of the most important is wise with your lot volume because this money management still the best shot for our defense from margin call and better we can filtering this easy trendlines trading strategy with leading or lagging economics indicators.
Test with free 30 usd in cents account use with 1:1000 laverage register with icmarkets or hotforex combined with breakout strategy based candlestick patterns.
