Three arrows for confirmation

Price action strategy

 

Classic Indicator Strategy is a price action strategy. The signals are generated by the concordance of three arrows. The first is based on the Zigzag, the second is the classic beast super signal that slowly recalculates, the third is the so-called red arrow. Then as an optional confirmation, I added the verification of the inclination of the STR Conf projection, (the upward projection confirms an upward trend in the price, a downward projection confirms a downward projection of the price.

The system does not generate many signals, but it has similarities with my Future Projections and Agimat system, so to trade with this system you have to trade with at least 12 open charts, this system has good profitability.

Time Frame 30 min or higher.

Currency pairs: all and Commodities.

Metatrader indicators setting:

Star, alias 3 ZZ semafor default setting.

Arrow red.

Enter signal indicator (blue arrow).

Arrow white Beast Super Signal default setting ( this indicator recalculates slow) If you don't like this indicator you can replace it with Half Trend amplitude 2 or with step MA 7.2 length 10 Kv 5, step size 10. I use the Beat super signal to clean the chart but it's the same thing.

Price grid.

STR Conf (14, 14, 1, 50).

Trading rules Classic Indicator Strategy

Buy

Star below the candle.

Buy Enter signal

Buy Arrow red.

Buy Arrow white (or Step MA or Half Trend).

But when all three signals occur.

Initial stop loss on the previous low swing.

Profit target with ratio 1: 1.12 stop loss or on-grid levels.

Sell

Star above the candle.

Sell Enter signal

Sell Arrow red.

Sell Arrow white (or Step MA or Half Trend).

sell when all three signals occur.

Initial stop loss on the previous low swing.

 

Profit target with ratio 1: 1.12 stop loss or on-grid levels.

In the pictures Classic Indicator Strategy

Classic Indicator Strategy

Classic Indicator Strategy with Step MA

Classic Indicator Strategy with Half Trend

Classic Indicator Strategy

Classic Indicator Strategy

Classic Indicator Strategy with Half Trend

Classic Indicator Strategy

Classic Indicator Strategy

Classic Indicator Strategy.rar

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Classic Indicator Strategy

Update 19 12 2019

The update was suggested for practical reasons in order to limit recalculation as much as possible, not everyone likes it. Ok. I replaced arrow red with the Profit Master V.3 (not recalculated) and I slowed down the recalculation of the white arrow (Beat Super signal) with a slow setting.

 

The rules are like the previous ones. To buy or sell there must be three arrows in the same direction. The update will make the system more usable. You are free to replace arrow white with the indicators recommended above. I believe that with this update the strategy is improved and easily assessable.