Chandelier
Exit with Zero Lag LSMA is a trend following strategy based ATR and
zero lag version of the LSMA (Least Squares Moving Average)
that gives instant linear regression of current price action. How
interpret Zero Lag LSMA : when the price moves above, it indicates a
bullish trend. When the price moves below, it indicates a bearish
trend. When the price remains near or on the line, it suggests
sideways movement. The slope of the line indicates the trend
direction
Strategy
Setup
Time
Frame 15 min or higher,
Currency
pairs:any.
Chart:
Heikin Ashi.
Indicators:
Chandelier
Exit (atr 2, atr period 1).
Zero
Lag LSMA 50 periods 15 min 30 min, 34 periods (H1, H2, H4, H4 Time
Frame).
Trading
Rules
How
to Place a Buy Order
Trend
Confirmation
Ensure
the candlestick price is above the Zero Lag LSMA, indicating a
bullish trend.
Buy
Signal
Wait
for a buy signal from the Chandelier Exit indicator.
Price
Validation
Ensure
the candlestick price closes above or remains above the Zero Lag LSMA
after the buy signal.
Entry
Point
Place
a buy order after the Heikin Ashi candlestick has finished closing.
Stop
Loss
Place
the stop loss at the last swing low.
Take
Profit
Use
a target take profit with a risk-reward ratio of 1:1.4-1.5.
How
to Place a Sell Order
Trend
Confirmation
Ensure
the candlestick price is below the Zero Lag LSMA, indicating a
bearish trend.
Sell
Signal
Wait
for a sell signal from the Chandelier Exit indicator.
Price
Validation
Ensure
the candlestick price closes below or remains below the Zero Lag LSMA
after the sell signal.
Entry
Point
Place
a sell order after the Heikin Ashi candlestick has finished closing.
Stop
Loss
Place
the stop loss at the last swing high.
Take
Profit
Use
a target take profit with a risk-reward ratio of 1:1.4-1.5.
