Trading Rules for Currency Pairs

Currency Pairs: AUD/USD, EUR/USD, GBP/USD, USD/JPY
Timeframe: H1

Initial Setup

1. Configure Blade Level Indicator:
   • Determine your time zone difference from GMT (Greenwich Mean Time). Use this tool.
   • Set the GMT_OffsetLocal indicator to reflect your time zone difference (e.g., if your time zone is GMT -3, set GMT_OffsetLocal to -3).

Buy Signal Procedure

1. Blade Level Indicator:
   • Wait for the Blade Level Indicator to draw a new line on the chart.
   • Wait for one hour until the next bar closes.
2. Signal Indicators:
   • Check the Moving Average (orange line) and the Trend Oscillator.
   • For a Buy signal:
     • Moving Average must close above the Blade Level Indicator line.
     • Trend Oscillator should be blue.
3. Market Entry:
   • If both conditions are met, enter the market.
   • For EUR/USD, set TakeProfit to 60 pips and StopLoss to 70 pips.
4. Exit Strategy:
   • Exit the trade if the Trend Oscillator closes below 0, regardless of profit.
   • Ignore the current Blade Level line after exiting with profit and wait for a new line.

Buy Signal After a Loss

1. Re-Entry Conditions:
   • Follow the initial Buy Signal Procedure.
   • Exit with a loss if the Trend Oscillator closes below 0.
   • Wait for a new Buy signal.
2. Increased Lot Size:
   • Re-enter the market when Moving Average closes above the line and Trend Oscillator is blue.
   • Increase lot size by 1.6 times for EUR/USD.
3. Important Notes:
   • Do not enter if Moving Average closes above the line but the Trend Oscillator is red.
   • Testing showed that trades typically closed in profit within three orders; however, increase the lot size up to five times if necessary. After five attempts, revert to the original lot size.
   • All orders are placed near the same Blade Level line. Ignore the current line after a profitable trade and wait for a new line.

Sell Signal Procedure

1. Blade Level Indicator:
   • Wait for the Blade Level Indicator to draw a new line on the chart.
   • Wait for one hour until the next bar closes.
2. Signal Indicators:
   • Check the Moving Average (orange line) and the Trend Oscillator.
   • For a Sell signal:
     • Moving Average must close below the Blade Level Indicator line.
     • Trend Oscillator should be red.
3. Market Entry:
   • If both conditions are met, enter the market.
   • For EUR/USD, set TakeProfit to 60 pips and StopLoss to 70 pips.
4. Exit Strategy:
   • Exit the trade if the Trend Oscillator closes above 0, regardless of profit.
   • Ignore the current Blade Level line after exiting with profit and wait for a new line.

Sell Signal After a Loss

1. Re-Entry Conditions:
   • Follow the initial Sell Signal Procedure.
   • Exit with a loss if the Trend Oscillator closes above 0.
   • Wait for a new Sell signal.
2. Increased Lot Size:
   • Re-enter the market when Moving Average closes below the line and Trend Oscillator is red.
   • Increase lot size by 1.6 times for EUR/USD.
3. Important Notes:
   • Do not enter if Moving Average closes below the line but the Trend Oscillator is blue.
   • Testing showed that trades typically closed in profit within three orders; however, increase the lot size up to five times if necessary. After five attempts, revert to the original lot size.
   • All orders are placed near the same Blade Level line. Ignore the current line after a profitable trade and wait for a new line.