SMA40 (Simple Moving Average with a 40-period): To identify the
overall trend direction.
Lagcs1 (Lagging Indicator): To get a signal of potential trend
reversal or continuation.
Donchin Channel: To gauge market volatility and set appropriate
stop-loss and take-profit levels.
Timeframe: This strategy can be applied on any timeframe, but it is
often used on daily or 4-hour charts.
Entry Rules:
SMA40 Trend Filter: Consider a bullish trend if the price is above
the
SMA40 and a bearish trend if the price is below the SMA40.
Lagcs1 Signal: Wait for a Lagcs1 crossover. A bullish crossover
(Lagcs1 crossing above its previous value) indicates a potential long
entry, and a bearish crossover (Lagcs1 crossing below its previous
value) indicates a potential short entry.