Trading strategy ‘HHLL’: just follow price action This article will describe a strategy called ‘HHLL’. You might have seen similar strategies with other names as this one is based on classic forex principles. The great part of it is that you don’t need to use any indicators. The main point is to follow the price action. However, some indicators still can be helpful for better visualization. Besides, feel free to add anything you want to this strategy, personalize it to your liking! By the end, you can even come up with a new, your own strategy, which suits your trading approach and vision. Trend definition To start with, let’s remember the definition of trend. A trend is the general direction of the price of an asset on the market. Uptrend (bullish trend) consists of a series of higher highs and higher lows – prices are moving up. Downtrend (bearish trend) is classified as a series of lower lows and lower highs – prices are moving down. The best moment to enter the market is the trend reversal. Uptrend Let’s say there is an uptrend on the chart. The first high (H) is followed by the first low (L), which in turn is followed by the second high (HH – higher high). After that, if the price drops out of the trend structure and forms a lower low (LL), a trader should be ready to sell, when the price reaches a certain level, which we will discuss later. Downtrend Let’s look at the opposite case: a downtrend. The first low (L) is followed by the first high (H), which in turn is followed by the second low (LL – lower low). After that, if the price breaks the trend structure and forms a higher high, a trader should be ready to buy, when the price reaches a certain level, which we will discuss later. Part 2 to be followed.... https://www.mql5.com/en/signal...