This easy to understand and understand intraday trading strategy is based on the readings of only one Triggerlines indicator. The main currency pair EURUSD is selected for trading, but with some adjustment it is also possible to work on other instruments.

Trading strategy settings

Currency pair: recommended EURUSD
Timeframe: М30
Trading time24/7
Indicators: Triggerlines (70, 30) — медленная, Triggerlines (15, 5) — быстрая

About the Triggerlines indicator

Triggerlines — это модификация индикатора Moving Average, которая показывает канал двух скользящих по открытию и закрытию рынка. При построении индикатор ориентируется на количество свечей, которые надо усреднять (Rperiod). Увеличивая данные значение, мы убыстряем показания индикатора, уменьшая — замедливаем.

Rules of the trading strategy

The rules of the strategy are as simple as possible:

1. Open a buy tradeif the following conditions are met:

• Both indicators are colored blue;
• The fast Triggerlines are above the slow Triggerlines;
• The price is above the slow Triggerlines.

2. Open a sell tradeif the following conditions are met:

• Both indicators are colored red;
• The fast Triggerlines are below the slow Triggerlines;
• The price is below the slow Triggerlines.

Transaction support

The author does not name specific rules for supporting an open trade, but recommends to close half of the deal when the color of the Triggerlines fast indicator changes, put Breakeven. It is also possible to work with a profit of 30 pips and a trailing stop.

Download Triggerlines indicator