Murray + Trend

Indicators:

• Murrey Levels System (64, 0)

• SMA (50, close)

Key conditions:

The timeframe for analysis and trade execution should be H1 or higher. The Stop Loss is set at the previous Murrey level. As price approaches key force levels, tighten the Stop Loss and consider increasing the position size while maintaining alignment with the overall trend.

BUY conditions (all conditions must be met):

• The price is trading above the SMA (50).

• The price is within the Murrey Levels purchase zone.

SELL conditions (all conditions must be met):

• The price is trading below the SMA (50).

• The price is within the Murrey Levels sales zone.

Exit criteria: Exit the trade when the Stop Loss is hit, based on money management rules, or at the occurrence of a reverse signal.

Exercise:

Open a chart with a timeframe of H1 or higher. Apply the SMA indicator with a period of 50 (close) and the Murrey Levels System with settings (64, 0).

For a BUY trade, ensure the price is above the SMA (50) and in the Murrey purchase zone. Set the Stop Loss at the previous Murrey level. Monitor the trade and tighten the Stop Loss as the price approaches a force level. Consider increasing the position size while staying in line with the trend.

For a SELL trade, ensure the price is below the SMA (50) and in the Murrey sales zone. Set the Stop Loss at the previous Murrey level and manage the trade similarly. Exit trades based on the specified conditions.