Megatrend Condition for Buy Signal:
- Major trend should be up. (Usually a trader can notice this by naked eyes without the help of any indicator).
- Heiken Ashi chart should be blue in color or should be below the price chart.
- Bbands stop should be blue in color or it should be below the price chart.
- Silver trend signal should show a blue arrow below the price. (like shown in the figure).
Megatrend Stop Loss and Take profit
Stop loss should be placed 10 pips below the silver trend signal indicator in a buy position and 10 pips above the silver trend indicator in a sell position.
Without any doubt this is a great trading strategy for the swing traders. Good luck.
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