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Border Line Trading Strategy
Timeframe & Server Hours:
- Server Time: 4:00 to 20:00
- Timeframes: M15, M30, H1, H4
- Pairs: Any currency pair
Required Tools:
- Border Line Indicator
- Cinetti Indicator
Buy Rules:
- Entry Criteria:
- First Entry: Buy when a bullish arrow appears near or below the lower border line.
- Second Entry: Additional buy from another bullish arrow if needed.
- Third Entry: Another bullish arrow for a third buy if required.
Sell Rules:
- Entry Criteria:
- First Entry: Sell when a bearish arrow appears near or above the upper border line.
- Second Entry: Additional sell from another consecutive bearish arrow if needed.
- Third Entry: Another bearish arrow for a third sell if required.
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Profit Taking:
- Buy Trades: Close all positions near the upper border.
- Sell Trades: Close all positions near the lower border.
Stop Loss:
- After 3 consecutive trades in the negative, set the stop loss at the recent swing high (for sells) or swing low (for buys).
Important Notes:
- Risk Disclaimer: Trading involves risks. This strategy is for discussion purposes only.
- Practice Makes Perfect: Use a demo account to build confidence before trading live.
Conclusion:
Evaluate and fine-tune this strategy according to your trading style and market conditions. Always ensure to practice good risk management.
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