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  1. #1
    Master Member Bogdan G's Avatar

    Bogdan's Super Accurate 99.99% DTL Strategy (just kidding!) !!!

    Just to make things clear, this strategy DOES NOT have 99.99% accuracy! Use it ONLY on Demo! I will not be responsible for your real money losses!

    This is a strategy that I use every day. I consider it simple, but you need to master the basics of trend lines first, otherwise it won’t work… probably. Or it will, if you are a very lucky guy
    Ok, so down to business: DTL stands for Double Trend Line. We will call one trend line Master and the other one Trigger. The Master Trend Line (MTL) is showing me the trend (duh) and once I’ve identified a MTL, I will trade all (or most) breaks of the Trigger Trend Line (TTL). Picture coming up:
    http://prntscr.com/fhpeve

    The long trend line is the Master, which is showing me the trend (in this case up) and the shorter trend lines are the Triggers. The break of a Trigger will give me the signal to enter a trade, in the direction of the Master.
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  2. #2
    Master Member Bogdan G's Avatar
    To draw a trend line you need at least 2 points, at least 2 touches so be careful when looking on history charts to see how this strategy performs. Look at this pic:

    Click image for larger version. 

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    The Master TL is not formed until the second touch (red circle). In this case we dont have a broken Trigger TL before the second red circle. All the Trigger breaks seen in the pic above can be traded. However, you cannot take the break of this Trigger (pic below) because at the time of the break, the Master was not formed


    Click image for larger version. 

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    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  3. #3
    Master Member Bogdan G's Avatar
    More examples:

    http://prntscr.com/fhphoa

    http://prntscr.com/fhqmmq


    And even one 1 minute charts for the thrill seekers:

    http://prntscr.com/fhpinp
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  4. #4
    Master Member Bogdan G's Avatar
    The DTL Strategy can be used on any chart time frame and the expiry can be anywhere between 1 to 5 candles (please test first or use Demo exclusively). Usually, if you are going with the trend - aka if the Master has been already formed - the breakout will be fast so you dont need a long expiry time

    If you dont want to look for Masters, or you are not very good with trend lines, slap an EMA 200 (or 100) and use that as your Master (trend indicator).
    Here's EMA 200 acting as Master:

    http://prntscr.com/fhqrvt

    Hit me with any questions you might have.
    Cheers!
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  5. #5
    Veteran Member Ronnel's Avatar
    I know this works because I trade like this too
    Duct Tape can't fix OTM

  6. #6
    Master Member Bogdan G's Avatar
    Heya mate, nice to see ya back. Saw your diary today. Welcome to the FX family
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  7. Thanks Ronnel thanked this post
  8. #7
    Veteran Member Ronnel's Avatar
    Quote Originally Posted by Bogdan G View Post
    Heya mate, nice to see ya back. Saw your diary today. Welcome to the FX family
    Cheers Bogdan!!!
    Duct Tape can't fix OTM

  9. #8
    Legendry Member milos's Avatar
    I'll try to test it.

  10. #9
    Master Member Bogdan G's Avatar
    Let us know how it works for you mate
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  11. #10
    Master Member Bogdan G's Avatar
    Looks like the Master Trend Line (MTL) is holding nicely and the Trigger Trend Line (TTL) is broken:

    Click image for larger version. 

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    ... although not a lot of force behind the break for now
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

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