FREE FOREX STRATEGIES

#6 Tom DeMark Trend lines


This is a well know trend line breakout strategy by Tom DeMark.
The only difficulties traders had earlier were all about constantly drawing trend lines and calculating profit targets.

With a help of custom MT4 indicator this problem was solved.

Two variations of the same indicator:

Tom Demark Trend lines strategy

Tom Demark Trend lines strategy

As you can see, the indicator not only draws automatic trend lines, it also shows profit targets or exit levels.

Indicators:

IND-TD-DeMark-3-1_eng.mq4

Ind_TD_DeMark_3_1_LA_Mod_03B_AIME.mq4

Strategy rules:

strategy_part_1.doc

strategy_part_2.doc

strategy_part_3.doc

TDTL.pdf

TD Line Qualifiers and potential filters.pdf



http://forex-strategies-revealed.com/


Hi Navin

Thanks for the new stratgy, i am a big fan of trendline and heard allot about Tom.

I seem to be having problems uploading that indicator to my mt4, i am using fxcm mt4. I copied to short cut and pasted it in my indicator file, i just cant seem to find it under custom indicators, am i doing something wrong?

I

Check if you've done everything right:
How to add MT4 indicators.
Should the problem remain or you still have some questions, please feel free to ask.

Regards,
Edward

Well this the only best system that you can trade safely. I feel that one day i will run away from indicators and trade only with the behaviour of candles

Yaah , do agree with you , this is the best indicator I've seen so far.

OMAR

Hello,

Anybody already tested this system?

I’ve made some analysis with a couple of crosses and I find it interesting.
When the conditions are met I watched fine Breakouts.
The problem is that the targets were never reached (half the way in various cases).

What is your experience?

Best Regards,
Van Gogh

Hi Edward,
I can not open strategy part1, part2 and part3. Could you please check the links if everything is ok?
If so, could you please e-mail these files to me? Thank you in advance

my e-mail : onenonur[]yahoo.com

Regards,

Links are ok. I'll email files to you, no problem.

Regards,
Edward

Hi,
At the Strategy DOCs above you mention that we enter immediately after "first candle to OPEN above the supply line (or below demand line)".
The MT indicator signals after the price breaks the line (even if the 4H candle opened before that line break).
One should enter the trade on PRICE break or must have a 4H candle OPENING above/below the line?

Appreciate if you could help me here.

Best Regards,
Van Gogh