American Day Line Forex Trading System

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American Day Line Forex Trading System

The American Day Line system is a system that is based on moving average. The currency pairs that is good for this method is AUDUSD, EURUSD, GBPUSD, and USDJPY. This strategy works on a 1-hour timeframe.

MT4 Indicator:

  • Moving Average: Period 5, Method MA – Linear Weighted, Apply to – Close.
  • Trend Magic. CCPeriod – 50, ATR Period – 5.

Buy Entry:

  1. Wait for the opening of US-session.
  2. At the closing of the 14-hour bar, draw a horizontal line at the spot where the MA-5 is located.
  3. Wait for another hour to close of the 15-hour bar.
  4. After closing the 15-hour bar we look at the two indicators.
  5. The moving average should close above the line and Trend Magic should be blue.
  6. Take Profit 60 Pips for the pair EURUSD.
  7. Stop Loss should be 70 Pips.

Sell Entry:

  1. We look forward to the opening of the US session.
  2. After the 14-hour bar closes, draw a horizontal line of the spot where the MA-5 is located.
  3. Wait for another hour for the close of the 15-hour bar.
  4. After closing the 15-hour bar we look at the two indicators.
  5. Enter position when moving average should close below the line and Trend Magic should be red.
  6. Take profit 60 Pips for the pair EURUSD.
  7. The stop loss should be 70 Pips.

Exit Position:

  • Exit when the bar closes below the Trend Magic.
  • Even if the open position is in profit, one should leave the market.
  • Stop Loss is needed only in cases when the market suddenly changes its direction, or you have not had time to close the position at the intersection of the Trend Magic.
  • If there was no buy signal during the day or the trade closed at TP, remove the line and wait for the new US-session.

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