FTLR Forex Trading System

The FTLR strategy uses more on stochastic indicators and this indicator helps identify an oversold and overbought in the market. This system is useful in a 5-minute or higher timeframe and works in all currency pairs.

MT4 Indicators:

• Sixths Screen V.3.6 DC;
• Stochastic (14, 5,5,);
• Stochastic (21,9 ,9, );
• Squalou and Steve’s Trade signals

Trading Setup:

1. Sixths indi takes the high/low of the previous BarCount bars and divides this figure into sixths. The zone in between the green lines is a no-trade zone.
2. Market must be above the top green line for short trading and below the bottom green line for long trading.
3. Bollinger Bands (25) top line must be above the top green line for short trading and below the bottom green line for long trading.
4. Stochastic (14,5,5) blue line must be >= 85 for short trading and <= 15 for long trading.
5. Stochastic (21,9,9) blue must be >= 850for short trading and <= 20 for long trading.

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