Lindencourt MX Method 15 TF Trading System For MT4

Lindencourt MX Method 15 TF Trading System For MT4

Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.

 

The Lindencourt MX Method 15 TF Trading System For MT4 is based on the concept of moving average crossover with CCI indicator.

The moving average represents the average price movement of the last number of candles. By using the multiple moving averages we can analyze the sentiment of the market in a simple way.

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The Lindencourt MX Method 15 TF Trading System


According to the inventor, this trading system is applicable in all currency pairs. However, the rookies might get better results by using the system in major currency pairs since price movements are relatively stable compared to exotic assets.


The required indicators for this trading strategy are:
1. Simple Moving Average (SMA) 7, 21, 84, and 336.
2. Commodity Channel Index (CCI) 5

The image below represents how the chart looks like if you implement those indicators:



Let’s move to the trading part.

 

Bullish Trade Setup with the Lindencourt MX Method 15 TF Trading System For MT4


To expect a bullish rally, the price should be above MA 84 and 336. To execute the long trade, it is better to wait for two confirmation signals in the 15-minute timeframe. To improve the efficiency of the trade signals, the traders may look for bullish price action signals. 

 

Condition 1

If the SMA 7 crosses above the SMA 21, it works more like a technical signal for the bullish rally. After the crossover, we should focus on the formation of the candlestick. It is better to wait for the bullish closing of the candle in the 15-minute chart.

 

Condition 2

After the crossover, we should focus on CCI 5 and the closing of the candle. During the closing of the candle, the CCI should be above the zero lines and fulfill condition 2.

However, it is often difficult to find the CCI crossover and the M15 close at the same time. Therefore, we may consider the price when those conditions are met within ± 1 x candle.

For example, the M15 candle closes above the crossover at 12:00; then, the CCI crossover should take place between 11:45 to 12:15.

If the CCI crosses at 11:45, the entry will be at 12:00, and if the CCI crosses at 12:15, then the entry will be at 12:15. In short, it is wise to wait for a 15-minute interval right after the crossover.

 

Entry and Stop Loss

The entry is valid as soon as the 15 minutes candle closes. But avoid taking any trade in the running candles.

According to the strategy developer, the ideal stop loss level is placed below the previous candle with 5 pips buffer. The reason for using the buffer is to get rid of the unexpected spike and stop-loss hunt.

 

Example of a Bullish Trade Setup


Now, we will place the information from condition 1 and condition 2. After that, we will evaluate these two conditions to open the long trade in the 15-minute chart.



In the image above, we can see the price chart of GBPJPY 15 minutes.

We look at the chart from left to right and analyze the formation of the trade setups.
1. When Moving Average 7 crossed over Moving Average 21, it confirmed the first condition.
2. A bullish candle closes above the crossover area works as the price action confirmation signal.
3. CCI 5 is above the zero line, which confirms the buy trade.
4. The long trade is executed after the closing of the 15-minute candle, marked with a green arrow.
5. We have to close the trade when the price makes new higher highs.  but fails to close below the 7 MA.

 

Bearish Trade Setup with Lindencourt MX Method 15 TF Trading System For MT4

Like the bullish trade setup, the price of the asset should be below MA 84 and MA 336. Later, we need to evaluate two conditions in a 15-minute timeframe to execute short trade.

 

Condition 1

If the SMA 7 crosses below the SMA 21, we can expect a bearish movement in the price. After the crossover takes place, we should wait for a bearish candlestick. If the candle closes below the crossover in the 15-minute chart, trading condition 1 is fulfilled.

 

Condition 2

After the crossover, wait for the CCI 5 to move below zero. During the formation of the bearish candle, the CCI should be below the zero lines to meet condition 2.

In condition 2, we can evaluate the signals within ± 1 x candle. For example, if the M15 candle closes below the crossover at 12:00, and then the CCI crossover should be from 11:45 to 12:15. Any CCI crossover beyond 11:45 to 12:15 will make the trade setup invalid.

 

Entry and Stop Loss

You should enter the trade as soon as the candle closes. The developer of this strategy prefers to set the stop loss above the high of the previous candle with a 5 pips buffer.

 

Example of Bearish Trade Setup

Now, we will place the information from condition 1 and condition 2. After that, we will evaluate these two conditions to open the short trade in the 15-minute chart.




In the image above, we can see the price chart of GBPJPY 15 minutes.

We look at the chart from left to right and analyze the formation of the trade setups.
1. The Moving Average 7 crossed over Moving Average 21, which fulfills the requirements of the first condition.
2. CCI 5 is below the zero lines, which act as short trade triggering signal.
3. The formation of the Bearish candle after CCI Crossover gives us the green signal to take the short trade.
4. To minimize the risk exposure, we can close 50% of the lot after reaching a target of 30 pips. 

 

Take Profit & Trade Management Idea

According to the inventor of this strategy, the primary take profit level for this trading strategy is 25-30 pips. However, retail traders can use the trailing stops to improve the profit factor. But in that case, it is better to learn about the trailing stop loss functions.

Summary

Let’s summarize The Lindencourt MX Method 15 TF Trading System For MT4:

1. This trading strategy uses the moving average crossover, a very effective method to understand market sentiment.
2. Trades are taken based on three conditions: MA crossover, CCI 5 crossover, and the formation of the candlesticks.
3. The usual take profit level is 25- 30 pips but traders can use trailing stops.
4. It is wise to use buffer stop loss as it protects the trades from unwanted spikes.

The Lindencourt MX Method 15 TF Trading System For MT4 is a simple trading strategy. By using this guide, you can learn this trading strategy in the demo environment without risking any real money.

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