Highest Lowest and Reentry Point filtered
Price Action Trading System
Submit by Joy22
300 pips a week with Price Action is a trading system based on the Highest-Lowest and Reentry Point indicator filtered.The filters I have introduced to filter this excellent indicator and try to extract the most pips with this system are very robust and attenuate the false signals that can be generated with an indicator that is based on High-Low. The system is successful and easy to apply. The time frames that I recommend are from 30 min up because the probability of false signals is lower but when you learn how to use this system it can also be applied to 15 min.
Setup strategy
15 min or higher. Best time frame daily. In daily time frame no need to wait for the confirmation of the RatisC filter.
Currency pairs: any
Metatrader 4 indicators:
Highest Lowest and Reentry Point (the heart of system)
Magnified price
Supply and Demand V.3 (filter of direction)
RatisC Filter (the indicator that provides system robustness and stability).
Symbol Changer Profit Display
Trading System 300 pips a week with Price Action
Conservative Mode (best choice)
Buy
Signals: Buy Trend lowest-low – Buy Trend
Price in support zone or bounces from support zone.
Ratis Filter blue bar.
Sell
Signals: Sell Trend Highestt-hig – Sell Trend
Price in resistance zone or bounces from resistance zone.
Ratis Filter blue bar.
Aggressive Mode
Buy
Signals: Buy Trend lowest-low – Buy Trend
Price in support zone or bounces from support zone.
Sell
Signals: Sell Trend Highestt-hig – Sell Trend
Price in resistance zone or bounces from resistance zone.
Exit position
Place initial stop loss at the previous swing high/low.
Profit Target with ratio stop loss 1:1.3 or before of the resistance or support area.
In the pictures 300 pips a week with Price Action.
