Martin Trend Line candles & Colour Change Alerts Strategy

2019年6月19日

Martin Trend Line Candles & Colour Change Alerts Strategy (MTLCC)

Hello fellow Martin Traders, this is how I use the MTLCC and as you can see and I think you will agree it works really well,

I like to use it on GBPJPY as this pair tends to trend well, have a look and do some back testing on any pair, I think you will like the results you find.

Long Entry Point 1 Rules

- Candles turn Green
- You receive alert
- Enter Trade
- Place stop loss at Trendline

Exit for Entry 1

- This trade stays open until Colour change

Long Entry Point 2

- Confirm Candles are still Green
- Stochastic lines are at the Bottom curling up (below 50%) with Green Background
- Trend Meter has minimum 2 Green Bars
- Enter Trade
- Place stop loss at Trendline

Exit for Entry 2

- Stochastic is at the top and starts to curl down or Candles change colour

ONCE IN A TRADE - MANAGE SL

- Every 4 hours move SL to the Trendline (this where the candles will change colour when the price hits)

You don’t have to enter 2 trades; you can just enter from colour change to colour change

I find this works best on the 4 Hr time frame

Get these 3 indicators for the Martin Trendline Candles & Colour Change Alerts Strategy

Trend Line Candles and Colour Change Alerts
Martin Trend Meter
Martin Stochastic Trend

2019年6月22日

注释

Hi guys,
I have been trading this for a couple of weeks now and I have had a few losses during ranging periods, I have analysed the losses and added 2 conditions to reduce the losing trades.

When you receive the alert for the colour change:

1. Ensure the STOCHASTIC LINES are heading the direction of trade, above the bottom line but below 50% line (Back Ground colour doesn't matter but perfect if same colour).
2. Ensure the TREND METER has at least 2 green bars (if 3 then the lines can be just over the 50% but not near the top line).

Wait for the 1st candle to close to confirm these conditions.

Happy trading