Last updated:
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.
Level up your trading
Learn to read the chart — not just the indicator
eBook · Instant PDF
The Candlestick Playbook
Read and trade 40+ candlestick patterns — with exact entries, stops and exits.
Video Course · 12 modules
The Price Action Masterclass
Read clean charts the no-indicator way — pin bars, support & resistance, entries and exits.
Recommended MT4/MT5 Brokers
XM
- ✓ *FREE *$50 to start (withdrawable)
- ✓ Deposit bonus up to $5,000
- ✓ Negative balance protection
Trading forex and CFDs carries a significant risk of loss and is not suitable for everyone. Broker links are affiliate links — we may earn a commission at no cost to you.
Forex Strategy Download:
Enter Your Email Address below, download link will be sent to you.
Get Download Link