Forex Mystery Contrast Trading Strategy
Forex Mystery Contrast Trading Strategy;
Contrast Strategy is a trend following MTF strategy based on three indicators Metatrader 4: Contrast Indicator, Contrast MTF indicator and the arrow indicator for the timing for entry in the markets. This trading system is for scalping, day trading or swing. The contrast indicator catch the movements of the market.
Time frame 15 min or higher.
Currency pairs majors and minors with time frame above 30 min.
Metatrader 4 indicators setting
Contrast coeff 3.0,
Mistery Data arrow 3.3.
Contrast MTF in subwindow.
Trading rules Contrast Strategy
Buy
Buy arrow of Mistery data.
The yellow line of contrast indicator crosses upward the red line.
Two green bars of the histogram in the sub window, (more conservative with three green bars).
Exit at the opposite arrow or with predetermined profit target.
Place initial stop loss at the previous low swing.
Sell
Sell arrow of Mistery data.
The yellow line of contrast indicator crosses downward the red line.
Two red bars of the histogram in subwindow, (more conservative with three red bars).
Exit at the opposite arrow or with predetermined profit target.
Place initial stop loss at the previous high swing.
This strategy works good at higher time frame 4H and daily and it’s very aggressive.
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 Mystery Contrast Trading Strategy?
- Download Forex Mystery Contrast 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 Mystery Contrast 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”.
