Alchemy Trading System is a intraday forex strategies trend following written by Xard777. The key to this trading system is the search direction of the day as a filter.
Time Frame : H1
Pair forex : All pairs
Markets : Forex, Commodities
MT4 Currency Gold
MT4 Daily Targets
Rules Alchemy Trading System :
White line is the priceline.
Gold line is the brekline.
Dodgerblue/Deep Pink is the Cycle line.
Blue Crimson is the trend line.
Golden Gunsight is the hig channel determinant.
Trade Signal is given the Price line crossing the Cycle line and confirmed by the candles turning blue or red
Watch the color of the trafficlight ring as it shows which direction the pricelline is in relation to daily open. As a rule of thumb you do not want to be trading against the ring color.
White price line above the green daily open line= Direction Up ( Aqua ring)
White price line below the green daily open line= Direction down ( magentaAqua ring)
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