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Absolute Strength with PAMA GANN Trading System
This system uses 15 minute chart in a GBPUSD, EURUSD and AUDUSD pairs.
The indicators needed are listed below:
- Absolute Strength (default)
- PAMA Gann Grid (default)
- MACD (5, 15, 1)
Setting GBPUSD in 15 minute
Draw a horizontal line at value of 0.00030 on Absolute Strength. The area 0-0.0003 is flat zone.
For LONG entry:
- The light blue line must be greater than horizontal line level > ma (color aqua),
- PAMA Gann Grid is moving up (green)
- MACD is greater than 0.
- Do not enter after 3 bars that appeared the arrow PAMA Gann Grid.
For SHORT entry:
- Tomato line is greater than the horizontal line, level > ma (orange)
- PAMA Gann Grid is moving down (red)
- MACD is less than 0.
- Do not go after 3 bars that appeared the red arrow PAMA Gann.
Exit the position when PAMA Gann Grid changes position
Take profit at 14 pips for GBPUSD, 12 pips for EURUSD and 10 pips for AUDUSD.
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