Price Action Channel “The Gold Line” Trading System
This scalping strategy uses a price action on a 15 minute timeframe in all major pairs.
Indicators are listed below:
- 5 EMA High;
- 5 EMA Low;
- 4 EMA Median Price ;
- Custom CCI (14) Candles;
- Chandelier stops (15, 14, 4);
- Chandelier Stops (8, 6, 2);
- Arrow1;
- All Pivots V.2.
Rules for LONG entry:
- Setup Entry: Buy when Green Arrow, confirmed by Chandelier stops blue (15, 14, 4-8, 6, 2);
Custom CCI Candles green. - For Entry long wait that the price retrace on the gold line. (Place a buy stop order on the gold line).
Rules for SHORT entry:
- Setup Entry sell: Red Arrow, confirmed by Chandelier stops red (15, 14, 4-8, 6, 2)
Custom CCI Candles red. - For Entry sell wait that the price retrace on the gold line. (Place an sell stop order on the gold line).
To exit position, you can place stop loss 4 pips below or above the Chandelier stops (8, 6, and 2).
Take profit on the level pivot or PT predetermined 14 pips for EURUSD, 11 pips for AUDUSD, and 16 pips for GBPUSD.
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