FTLR Forex Trading System
The FTLR strategy uses more on stochastic indicators and this indicator helps identify an oversold and overbought in the market. This system is useful in a 5-minute or higher timeframe and works in all currency pairs.
MT4 Indicators:
- Sixths Screen V.3.6 DC;
- Stochastic (14, 5,5,);
- Stochastic (21,9 ,9, );
- Squalou and Steve’s Trade signals
Trading Setup:
- Sixths indi takes the high/low of the previous BarCount bars and divides this figure into sixths. The zone in between the green lines is a no-trade zone.
- Market must be above the top green line for short trading and below the bottom green line for long trading.
- Bollinger Bands (25) top line must be above the top green line for short trading and below the bottom green line for long trading.
- Stochastic (14,5,5) blue line must be >= 85 for short trading and <= 15 for long trading.
- Stochastic (21,9,9) blue must be >= 850for short trading and <= 20 for long trading.
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