Golden Line Forex System V.4

Golden Line Forex System V.4 is a price action trading system trend -reversal based on a guppy of TMA bands (triangular moving averages and indicator of trend and momentum.

Strategy 1

BUY timeframe M5 AND M15

1. Candlestick goes in or touches the blue Zone

2. Candlestick touches blue moving average

3. The blue dot is in the buy zone

4. Moving average purple is still above moving average blue

5. Trend bar is still blue

STOPLOSS

Under the blue arrow or the lowest price below the blue arrow

MANUAL CLOSE PROFIT

Wait for the yellow dot to appear in the red zone

SELL timeframe M5 AND M15

1. Candlestick goes in or touches the red Zone

2. Candlestick touches the blue moving average

3. The yellow dot is in the sell zone

4. Moving average purple is still below moving average blue

5. Trend bar is still red

STOPLOSS

Above the red arrow or the highest price above the red arrow

MANUAL CLOSE PROFIT

Wait for the yellow dot to appear in the blue zone

Strategy 2

Buy timeframe M5, M15, M30, H1, H4

Find two buy arrows (blue) in the buy zone

The concept ABC PATTERN

1. Arrow A and Arrow C in the buy zone

2. Arrow C cannot be lower than Arrow A

3. Arrow A must be near, touch or be out of the Golden Line

4. The Golden line should not bend down wards too much

STOPLOSS

Below the blue arrow C or the lowest price before the blue arrow C

MANUAL CLOSE PROFIT

Wait for the yellow dot to appear in the red zone

Sell timeframe M5, M15, M30, H1, H4

Find two sell arrows (red) in the sell zone

The concept ABC PATTERN

1. Arrow A and Arrow C in the sell zone

2. Arrow C cannot be higher than Arrow A

3. Arrow A must be near, touch or be out of the Golden Line

4. Golden line should bend upwards too much

STOPLOSS

Above the red arrow C or the highest price before the blue arrow C

MANUAL CLOSE PROFIT

Wait for the yellow dot to appear in the blue zone

Download Forex Line V.4 Indicators and Template Metatrader 4