Manual D1 Strategy using Grey Trading Limitless Indicator

Buy conditions:

A) Indicator changes from -4 to 0 or greater in 1 day.

B) Indicator changes from -3 to 0 or greater in 1 day.

C) Indicator is at value +4 or +3

Sell conditions:

D) Indicator changes from +4 to 0 or less in 1 day.

E) Indicator changes from +3 to 0 or less in 1 day.

F) Indicator is at value -4 or -3

Buy conditions Trend Channel:

Indicator is showing conditions A or B, now measure the high to low of the current day candle after close and draw a channel where the middle of the High - Low is at the candle stick open when conditions A or B were met. Wait for a candle close above the channel to buy and wait for a candle close below the channel to sell. If a new condition from A, B, C, D, E or F are met the new condition should be used for the signal and overrides the channel.

Sell conditions Trend Channel:

Indicator is showing conditions D or E, now measure the high to low of the current day candle after close and draw a channel where the middle of the High - Low is at the candle stick open when conditions D or E were met. Wait for a candle close above the channel to buy and wait for a candle close below the channel to sell. If a new condition from A, B, C, D, E or F are met the new condition should be used for the signal and overrides the channel.

Notes:

This strategy should be used on the D1 timeframe and only needs checking once per day at candle open.

Vol I research works well with this strategy when used on the H1 timeframe in line with the D1 signal from Vol II research.

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