Double Supertrend Trading System is a very immpressive intraday trend following forex strategy.
This system is based on Supertrend optimized and Supertrend cleared.
Time Frame 15 min.
Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF, USD/JPY, AUD/JPY.
PL4 Candle Time;
Market Panel display control;
SuperTrend Indicator, Version Mark Ursell ( period 20, multiplier 2.0);
SuperTrend cleared V.3 2005 Jason Robinson ( CCI 50, ATR 5);
Pivot Points levels;
Stochastic Oscillator (5,3,3).
Trading rules Double Supertrend Trading System
Basic : trade only in direction of the trend.
SuperTrend Indicator line green.
SuperTrend cleared V.3 line green.
PFWinner above zero line.
If these conditions agreed to buy.
Optional conservative: Buy when the price bounce on the supertrend indicator and Stochastic crosses upward.
SuperTrend Indicator line red.
SuperTrend cleared V.3 line red.
PFWinner below zero line.
If these conditions agreed to Sell.
Optional conservative:Sell when the price bounce on the supertrend indicator and Stochastic crosses downward.
Exit position when t SuperTrend change in opposite direction or at the pivot points level.
Place Intial stop loss on the previous swing.