put up ZigZag indicator as shown below:
ZigZag indicator |
Settingannya using two indicators ZigZag:
1. ZigZag blue:
- Depth = 196
- Deviation = 5
- Backstep = 3
2. ZigZag black:
- Depth = 24
- Deviation = 5
- Backstep = 3
3. Time frame: H4 (I prefer to use this because TF can relax - not always mantengin monitor and not too long to be able to make trades).
Rule:
Find the meeting point between the ZigZag ZigZag Small and Big Trend Trend. If you've met, that is our reference for the open position.
Open Positions should wait for the peak point or low point of the Small ZigZag Trend, then we open a position in line with the ZigZag Big Trend (see picture above).
Examples of open positions as shown below:
Examples of open positions using ZigZag indicator |
We proved in the following days.
Note:
My Open Positions without SL and TP. So I have to be careful, because my balance had to be strong to resist movement in the opposite with my OP.
Happy Cuan !!!
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