Forex Breaking TR Trend Following Strategy
Forex Breaking TR Trend Following Strategy;
Simple trend strategy is a day trading system build by Xardd 777 for day trading based on ADR.
This system shows the entry points in relation of at the daily open line.
The key of this system is find the pairs with the best trend. For choice the currency pairs there is a great tool created by Xard777 the power dashaboard that shows the PFO and ADR for many pairs.
Time frame 30 min.
Currency Pairs: EUR/AUD, EUR/CAD, EUR/JPY, EUR/NZD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/USD, XAU/USD, UK 100, Dow 30, Nasdaq 100.
Metatrader Indicators:
Murrey Math lines,
Power Meter,
Breakout Box, (box period 16),
TFX 4 indicator
Xard777 paint bar ,
Sema 4 NRP,
Power Dashboard.
Trading Rules Simple trend strategy
Find the pairs for the best entries with Power Dashboard. Choice the pairs with pink amd blue dot and open the 30 min chart.
Buy
If the trend is Up place a pending order on the line open position UP.
Place initial stop loss below open line.
Make profit at the the ADR levels.
Sell
If the trend is Down place a pending order on the line open position DN.
Place initial stop loss above open line.
Make profit at the the ADR levels.
The Power Dashboard can be used also in other trend following or trend momentum strategies for find the best pairs for trading (thank a Xard777 for thi great tool)!!
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Breaking TR Trend Following Strategy?
- Download Forex Breaking TR Trend Following Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Breaking TR Trend Following Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
