Timeframe: Any
Recommend pair: Any major pair
Indicator: ROC
Platform: MT4, TradingView
Long trade setup
Entry
The ROC should be below the zero line. Wait for the ROC to continue in the upward direction and enter the trade.
Take-profit
Set take-profit at the recent high from the entry point.
Stop-loss
Place a stop-loss at the recent low from the entry point.
Example:
The ROC goes below the zero line in the chart below, signaling a potential long entry point.
Long trade setup
Short trade setup
Entry
The ROC should be above the zero line. Wait for the ROC to continue in the downward direction and enter the trade.
Take-profit
Set take-profit at the recent low from the entry point.
Stop-loss
Place a stop-loss at the recent high from the entry point.
Example:
The ROC above the zero line is in the chart below, indicating a potential short entry point.
Short trade setup
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