Forex Dynamic Trend Support Resistance Trading Strategy
Forex Dynamic Trend Support Resistance Trading Strategy:
This Trading system, is a reversal forex trading strategy based on a Dynamic channel Support and Resistance indicator written by Tinytjan in 2007 and pubblished on the http://codebase.mql4.com. This indicator is based on the Gaussian function.
This is not a trading strategy for beginners, but for traders with enough experience because at the same time we must consider the entry position based on volatility parameters, and the dynamics of the movement of the price. This is a Complex Forex Trading Strategy.
Forex Indicator
Spike bars indicator V.3,
Support-Resistence indicator,
Stochastic Cross Alert (3,2,2,),
Damiani Volameter,
Fx Trender (setting h1 oversold/overbought levels -0,45 , +0,45, setting h1 oversold/overbought levels -0,55 , +0,55).
For to install Dynamic Support and Resistance indicator before copy in the libraries folder the file Gaussian.mq4 (/libraries/OneSideGaussian.mq4).
Rules for Dynamic Channel of Support and Resistance
Buy
Stochastic Cross Alert Green Arrow is valid when it meets one of the following conditions:
1) green Spike bars and Damiani Volameter green line below gray line.;
2) green Spike Bars and FX Trender below leveles -0.45.
Sell
Stochastic Cross Alert Green Arrow is valid when it meets one of the following conditions:
1) red Spike bars and Damiani Volameter green line below gray line.;
2) red Spike Bars and FX Trender above leveles -0.45.
For an trading conservative trades only with the second condition( Buy :green Spike Bars and FX Trender below leveles -0.45 ; Sell: red Spike Bars and FX Trender above leveles -0.45.)
Exit position is discretionary, just remember to place the initial stop loss at the previous swing.
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 Dynamic Trend Support Resistance Trading Strategy?
- Download Forex Dynamic Trend Support Resistance Trading 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 Dynamic Trend Support Resistance Trading 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”.
Download Free Forex Dynamic Trend Support Resistance Trading Strategy
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