2只鸭子加ALF (2 ducks plus ALF) | 外汇EA下载 - MT4/MT5资源

This is a variation of the 3 ducks method
I did not invent this method, I just "tweaked" it with ALF

The basic 3 ducks method is based on trading (60 SMA) with the trend using the 4 hour chart, the 1 hour chart and the 5 minute chart.

If price is above (below for short) the 60 SMA on the 4 hour, one hour and 5 minute, then you look for entries on the 5 minute chart.

I do NOT use the 5 minute chart at all, so I supose this could be called the 2 ducks method.

First I look for a pair on the 4 hour chart with a good trend going.
Look at the angle of the 60 SMA (the steeper the better)
Flat is no good

Then I move to a one hour chart, with 60 SMA and I also have ALF on the chart.

If price is below the 60 SMA and closes below ALF, then I start looking for a trade that breaks resistance (or support)

The images below shows a chart with a good trend on the 4 hour chart
The other image shows a one hour chart with ALF (different pairs by the way)

I trade either 50 pip SL and 100 pip TP or 25 pip SL and 50 pip TP , but sometimes I go just 1:1

I have been day trading off 5 or 15 minute charts, but I do not always have time to do that, so this method allows me to set some "set and forget trades"

Comments and suggestions?

PGPB