The following was copied from another site.
These rules are not mine.
But they make sense.
IS IT A VALID TRADE OR NOT?
MTF3 or SES indicator signals potential trade
(Also trade retracements which go down/up through the 15 ema then retrace using the same criteria.)
Trade in direction of latest black dog?
Macd above 0 for buy - below 0 for sell
Close enough to ma’s ie no more than 20 pips or so away from 15 ema & 40 from 50’s channels.
15 ema clear of 50’s channel or very close
Enter 3 pips beyond high/low of signal candle to get a bit of market confirmation
Dont trade around the time of major news announcements
MANAGING TRADE
If it is a trade then;
30 pip ‘hard stop’
100 pip profit limit
Close trade as soon as price closes in the ma’s & re-enter if get SES in right direction (if price not too far from MA’s)
When goes to 20 pips profit 2/3 off then let the 1/3 run
Move stop loss up to entry point to guarantee at least 13 pips profit
Close when price closes in the MA’s or @ 18.00