Download Black Diamond Forex Trading System Mt4

Download Black Diamond Forex Trading System Mt4

Rules:

This method is efficient and fits my style of operating in the timeframe of 30 minutes.

However, you can use this method in any timeframe. Remember to follow all the rules,

for example, if you’re operating in the timeframe of 30 minutes, you should always check the charts of 1H and for 4H identify the trend. Do not operate signals from the chart, 30 minutes timeframes in the case of 1H and 4H are with signs opposite to minimize the risk of false signals.

Orders to buy (buy/long):

1). Blue arrow in the indicator Madrid Golden Filter (it will appear only after closing

the candle)

2). At least 3 of the indicators in Madrod Golden Filter must be blue (better if the 4 to

confirm their entry). If any of these 4 (arrow, with x small square, small square, and “x”

small) is reddo not open your order.

3). The current candle should be GREEN

4). FXSniper LSMA should be GREEN.

5). PriceChannelStop v1GREEN and must be below the candle.

6). Use Fibonacci retracement and pivotfor better accuracy.

Orders for sale (sell / short):

1).Red arrow indicator in Madrid Golden Filter (it will appear only after closing the

candle).

2). At least 3 of the indicators in Madrid Golden Filter should be red (if the 4 best to

confirm their entry). If any of these 4 (arrow, with x small square, small square, and “x”

small) is blue, do not open your order.

3). The current candle should be RED

4). FXSniper LSMA must be RED.

5). PriceChannelStop v1 must be RED and above the candle.

6). Use Fibonacci retracement and pivot for better accuracy.

Stop Loss:

There are various ways of how you can use for your stop loss depends on your own way to negotiate and risks in which you want to have. There are no fixed rules on this system.

A method for use of stop loss is to check the high / low the last 3 or 4 candles, but no more than 25-30 pips (depending on the timeframe) for pairs as EU/ USD 35-40 pips

 

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