The FTLR strategy uses more on stochastic indicators and this indicator helps identify an oversold and overbought in the market. This system is useful in a 5-minute or higher timeframe and works in all currency pairs.
Sixths Screen V.3.6 DC;
Stochastic (14, 5,5,);
Stochastic (21,9 ,9, );
Squalou and Steve’s Trade signals
Sixths indi takes the high/low of the previous BarCount bars and divides this figure into sixths. The zone in between the green lines is a no-trade zone.
Market must be above the top green line for short trading and below the bottom green line for long trading.
Bollinger Bands (25) top line must be above the top green line for short trading and below the bottom green line for long trading.
Stochastic (14,5,5) blue line must be >= 85 for short trading and <= 15 for long trading.
Stochastic (21,9,9) blue must be >= 850for short trading and <= 20 for long trading.
How to install FTLR Forex Trading System?
Download FTLR Forex Trading System.zip
Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
Copy tpl file (Template) to your Metatrader Directory / templates /
Start or restart your Metatrader Client
Select Chart and Timeframe where you want to test your forex system
Right click on your trading chart and hover on “Template”
Move right to select FTLR Forex Trading System
You will see FTLR Forex Trading System is available on your Chart