The strategy logic has been adapted for several popular charting platforms:
A standard target is often calculated as one times the length of the setup bar (1:1 risk/reward), with a secondary target at two times the bar length. steve primo strategy 4 pdf
The strategy is built on simplicity, utilizing only a few core rules to identify trade setups across any market (Stocks, Forex, Futures) or timeframe. Trend Identification The strategy logic has been adapted for several
Reading the is worthless if you ignore the "Don'ts." Based on the original text, here are the three mistakes that blow up accounts: It requires a confirmation tick above the high
Steve Primo's Strategy #4 is a momentum-based pullback and bounce system designed to capture short-term trends by identifying entry points near the 50-period SMA, often utilizing the PET-D tool for trend confirmation. It requires a confirmation tick above the high (long) or below the low (short) of a setup bar, with trades typically lasting 5 to 10 bars. Detailed rules are provided in educational courses offered by Pro Trader Strategies Steven Primo's Special Strategy #4 Offer
This is the "buy/sell" line. If price is above the 50 SMA, you only look for buy setups. If price is below, you only look for sell setups.