Forex 200 SMA Channel Swing Trading Strategy
Forex 200 SMA Channel Swing Trading Strategy:
Time Frame 4H.
This is Swing Trading: trend following forex strategy in the direction of the over trend.
Pairs : any and all Forex pairs, metals, oils, stocks & CFD’s. ).
200 Simple Moving Aveage with level 50 and -50.;
Super Trend nrp;
4H Trader Arrow.
I enter long when –
1- price closes above the 200 SMA and above the 50 level of the 200 SMA
2- Super Trend is Blue;
3- Green Arrow 4h Trader.
I enter long when –
1- price closes below the 200 SMA and below the 50 level of the 200 SMA
2- Super Trend is Red
3- Red Arrow 4h Trader.
Re-Entry with the same conditions.
Exit Position options,
When appears arrow in opposite direction ;
At The levels of Support or Resistance (Recommended);
profit target 40-50 pips; (Recommended);
I place a initial stoploss of 40 Pips an move stop loss at entry position when price moves 25 pips in my direction (Recommended).
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 200 SMA Channel Swing Trading Strategy?
- Download Forex 200 SMA Channel Swing 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 200 SMA Channel Swing 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”.