Forex 40 Pips Trading Strategy
Forex 40 Pips Trading Strategy:
40 pips a trade is a simple trend following strategy that works at higher time frame.
This trading system is based on two indicators MACD as entry filter and Forex Trend V1 as indicator that generates buy an sell signals. The purpose of this strategy is make an gain of 40- 70 pips a trade that dependes by pairs and time frame.
Time Frame 4H, daily and weekly.
Currency pairs: majors and minors.
Indicators setting
Forex Trend V1, SSP 7, Kmin 1,6, K max 50,6.
MACD (10, 30, 9).
50 moving average median price HL/2 (optional).
Trading Rules 40 pips a trade
First option trades only in the direction of the trend.
If the price is above moving average the trend is up.
If the price is below the moving average the trend is down.
Second option trade on all signals because the profit target is fast, this option is only for daily and weekly time frame.
Buy
Forex Trend V1 blue line above red line.
MACD red line crosses upward yellow line.
Initial stop loss 40-70 pips or below the red line.
Profit target 40-70 pips.
Sell
Forex Trend V1 red line above blue line.
MACD red line crosses downward yellow line.
Initial stop loss 40-70 pips or above the blue line.
Profit target 40-70 pips.
This is a winning strategy that can be applied to many chats at the same time and takes 15 minutes per day.
This trading system applied at the weekly time frame is good for managed funds.
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 40 Pips Trading Strategy?
- Download Forex 40 Pips 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 40 Pips 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”.
