Trix and Regression Channel

Trix and Regression Channel is a Price Action Strategy.Timeframe: 5 minutes or higher Currency Pairs: Major currency pairs.

Indicators:

Linear Regression Channel

Trix THV (default settings)

Zig Zag Arrow

Symbol Changer

Trading Rules:

Buy

Wait for the price to touch the lower end of the Linear Regression Channel.

Confirm with Trix THV: Wait for both Trix lines to be green and for the Trix THV to cross upwards.

Confirm with Zig Zag Arrow: Look for a Zig Zag Arrow pointing upwards.

Enter a buy position.

Sell

Wait for the price to touch the upper end of the Linear Regression Channel.

Confirm with Trix THV: Wait for both Trix lines to be red and for the Trix THV to cross downwards.

Confirm with Zig Zag Arrow: Look for a Zig Zag Arrow pointing downwards.

Enter a sell position.

Exit Position

Stop Loss: Place stop loss above/below the ends of the Regression Channel.

Take Profit: Set a profit target ratio of at least 1:1 to the stop loss.

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