Forex Alchemy Trading Strategy
Forex Alchemy Trading Strategy:
Alchemy is a trading system intraday trend following written by Xard777. the key to this trading system is the search direction of the day as a filter.
Time Frame H1,
Markets: Forex, Commodities.
Metatrader Indicators:
-MT4 1st4HR-HLofWK,
ARZZ2,
Breakout Box,
MT4 Candles,
MT4 Channel,
MT4 Currency Gold,
MT4 Daily Targets,
M-Math,
Semafor A,
Semafor B,
Stochastic Oscillator,
XMA,
XMA Cycle,
ZZNen A,
Zznem B,
ZZ supres.
White line is the priceline.
Gold line is the brekline.
Dodgerblue/Deep Pink is the Cycle line.
Blue Crimson is the trend line.
Golden Gunsight is the hig channel determinant.
Trade Signal is given the Price line crossing the Cycle line and confirmed by the candles turning blue or red.
Watch the color of the trafficlight ring as it shows which direction the pricelline is in relation to daily open. As a rule of thumb you do not want to be trading against the ring color.
White price line aboove the green daily open line= Direction Up ( Aqua ring).
White price line below the green daily open line= Direction down ( magentaAqua ring).
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 Alchemy Trading Strategy?
- Download Forex Alchemy 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 Alchemy 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”.
