Manual D1 Strategy using Grey Trading Limitless Indicator
Buy conditions:
A) Indicator changes from -4 to 0 or greater in 1 day.
B) Indicator changes from -3 to 0 or greater in 1 day.
C) Indicator is at value +4 or +3
Sell conditions:
D) Indicator changes from +4 to 0 or less in 1 day.
E) Indicator changes from +3 to 0 or less in 1 day.
F) Indicator is at value -4 or -3
Buy conditions Trend Channel:
Indicator is showing conditions A or B, now measure the high to low of the current day candle after close and draw a channel where the middle of the High - Low is at the candle stick open when conditions A or B were met. Wait for a candle close above the channel to buy and wait for a candle close below the channel to sell. If a new condition from A, B, C, D, E or F are met the new condition should be used for the signal and overrides the channel.
Sell conditions Trend Channel:
Indicator is showing conditions D or E, now measure the high to low of the current day candle after close and draw a channel where the middle of the High - Low is at the candle stick open when conditions D or E were met. Wait for a candle close above the channel to buy and wait for a candle close below the channel to sell. If a new condition from A, B, C, D, E or F are met the new condition should be used for the signal and overrides the channel.
Notes:
This strategy should be used on the D1 timeframe and only needs checking once per day at candle open.
Vol I research works well with this strategy when used on the H1 timeframe in line with the D1 signal from Vol II research.
MT4 Indicators
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Set Up On Charts
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