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#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:


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Thanks Alex and user ( which I do not know what his name is )

thanks so much, Alex!

-Ladyheart

Hi Edward,

Any chance we can find an accurate TD Sequential indicator? My own search of the net has been fruitless!

Thanks!

Alex Liu

Geez! i have not used any indicator/strategy that works as consistent as Tom Demarks trend lines.Edward, your website is the best forex website i have come across in my 3 years of trading.Thumbs up bro...keep the good work up.As i type this i am on a trade with a 70pip profit.The strategy has over 95% win probability if you strictly follow the rules

Regards,
Tope Ijibadejo

Thank you, guys!

Alex, here is the indicator, hopefully this is the one you were looking for:

TD_Sequential.mq4

Regards,
Edward

Dear Tope

What markets hours did you play?

Thanks

Alex Liu

I'm quite convinced there are predators out there specifically targeting this breakout pattern and making a contrary trade judging by the heavy retracements on trendline breaks in the last few days. Got burnt a few times. Be especially careful of stochastic on multiple timeframes don't look overbought/sold by the time the trendline is broken. And definitely do not get in if the candle that broke the line came all the way from the other trendline!

Alex Liu

Thanks a lot Edward!

Have you used this profitably?

Alex Liu