Advanced Trendlines trading System

This strategy uses a EURUSD and GBPUSD pairs in a 1 minute and 5 minute timeframe. Indicators needed are listed below:

• 75 EMA (1min Chart),
• 50Ema (5min Chart)
• Advanced Trendline

Rules for Long Entry:

• The 50 exponential moving average is sloping up and the currency exchange price is trading above the 50EMA.
• Draw falling trend lines in the uptrend.
• Go long if the price breaks and closes above the falling trendline.
• Place your stop loss 3 pips below the breakout candlestick.
• Stop loss should not exceed 15 pips, minimum stop loss is 10 pips.
• Take profit at 8 pips for EURUSD and 10 pips for GBPUSD.

Rules for Short Entry: 

• The 50 exponential moving average is sloping down and the currency exchange price is trading below the 50EMA.
• Draw rising trend lines in the downtrend.
• Go short if the price breaks and closes below the rising trend line.
• Place your stop loss 3 pips above the breakout candlestick.
• Stop loss should not exceed 15 pips, minimum stop loss is 10 pips.
• Take profit at 8 pips for EURUSD and 10 pips GBPUSD.

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