There are 2 indicators in this system so it is very easy to follow. You can use this system on other time frames as well but prefer to 30M or 4H charts. The blue and red dots are generated by nonlagdot indicator, and blue-red lines are generated by trend magic indicator.
Simplification Forex Strategy long rules:
1. Non lag dot must be blue.
2. Trend Magic must be blue.
3. Candle must have closed above the Trend Magic Line.
Simplification Forex Strategy short rules:
1. Non lag dot must be red.
2. Trend Magic must be red.
3. Candle must have closed below the Trend Magic Line.
T/P and S/L: T/P and S/L levels depend on the time frame you use. If you use 30M charts, 25-30 pips profit sounds logical and S/L is 3 pips below (when we go long) the previous candle low. If we go short S/L is 3 pips above the previous candle high.
Signals marked as shown below:
1 and 3 are where we go long. 2 and 4 are where we go short. As you can see it is very easy and generates good signals. You should study this system for some time to gain confidence. Just don’t use very high leverage and of course don’t be greedy. There will be plenty of trading opportunities.