峰汇在线BUY TRADE RULES
These are the rules for entering a Buy trade:
1. Wait for the Alligator Lip to cross above the Jaw.
2. Wait for the Alligator Teeth to cross above the Jaw.
3. Wait for the RSI 14 to cross above 50.
4. Enter a Buy trade at the open of the next candle.
5. Insert your Stop Loss below the most recent Swing Low.
6. Set your Take Profit the same number of pips away from your entry price as your
Stop Loss, i.e. a 1:1 or greater Risk/Reward Ratio.
On the image above you can see an example of a Buy trade as per the rules of entry. As you can see, the Lips crossed above the Teeth. The Lips then crossed above the Jaw and the RSI was above the 50 level.
At the open of the next candle I opened a Buy trade order and placed my Stop Loss below the most recent Swing Low around the 20 pips level. My Take Profit was set at the same number of pips as my Stop Loss. Within the space of about 5 candles price had moved in my favour and taken out my Take Profit level.
SELL TRADE RULES
These are the rules for entering a Sell trade:
1. Wait for the Alligator Lip to cross below the Jaw.
2. Wait for the Alligator Teeth to cross below the Jaw.
3. Wait for the RSI 14 to cross below 50.
4. Enter a Sell trade at the open of the next candle.
5. Insert your Stop Loss above the most recent Swing High.
6. Set your Take Profit the same number of pips away from your entry price as your
Stop Loss, i.e. a 1:1 or greater Risk/Reward Ratio.
On the image above you can see an example of a Sell trade as per the rules of entry.As you can see, the Lips crossed below the Teeth. The Lips then crossed below theJaw and the RSI was below the 50 level.
At the open of the next candle I opened a Sell trade order and placed my stop loss above the most recent Swing High around the 50 pips level. My Take Profit was set at the same number of pips as my Stop Loss. Within the space of about 3 candles price had moved in my favour and taken out my Take Profit level.
BUY TRADE EXAMPLE
Here is another example of a Buy trade using the Forex Trend Secrets system:
On the image above you can see an example of a Buy trade as per the rules of entry. As you can see, the Lips crossed above the Teeth. The Lips then crossed above the Jaw and the RSI was above the 50 level.
At the open of the next candle I opened a Buy trade order and placed my stop loss below the most recent Swing Low around the 90 pips level.
My Take Profit was set at the same number of pips as my Stop Loss. Price moved in my favour immediately but it took a bit of time before price made its way up to my Take Profit level which was set just over 90 pips away from the entry level.
SELL TRADE EXAMPLE
Here is another example of a Sell trade using the Forex Trend Secrets system:
On the image above you can see an example of a Sell trade as per the rules of entry. As you can see, the Lips crossed below the Teeth. The Lips then crossed below the Jaw and the RSI was below the 50 level.
At the open of the next candle I opened a Sell trade order and placed my stop loss above the most recent Swing High around the 100 pips level.
My Take Profit was set at the same number of pips as my Stop Loss. Price moved in my favour immediately but it took a bit of time before price made its way down to my Take Profit level which was set just over 100 pips away from the entry level.
Forex Trend Secrets System（2020） (1.3 KB, 126 次)
