FTLR modified Trading System:
This is a system of Forex Strategies Resources.
How to trade with FTLR modified Trading System ?
Time Frame :5 min or higher
Pairs: all
Metatrader indicators: Sixths Screen V.3.6 DC; Stochastic (14, 5,5,); Stochastic (21,9 ,9, ); Squalou and Steve’s Trade signals
Entry Position for FTLR modified Trading System:
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. Market must be above the top green line for short trading and below the bottom green line for long trading. Bollinger Bands (25) top line must be above the top green line for short trading and below the bottom green line for long trading. Stochastic (14,5,5) blue line must be >= 85 for short trading and <= 15 for long trading. Stochastic (21,9,9) blue must be >= 850for short trading and <= 20 for long trading.
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