Forex Aroon Up Down Trading Strategy
Forex Aroon Up Down Trading Strategy;
Aroon up down is a trend momentum system for intraday trading. We have a combination of trend indicators with momentum indicators.
Time Frame 60 min, 30 min.
Markets: Currency pairs and Index.
Indicators:
Aroon up & down indicator (14 period),
RSI( relative strength index 14 period),
ADX(Average Directional Movement Index 14 period) ,
S-ROC(Smooth -Rate Of Change 13, 21 ) ( install also roc-c)
Bollinger Band Stop (14:2),
Pivot Point
extra indicators:
1- GG trend bar for know each frame direction of the market (red down trend ,green up trend ,yellow range market) Tips (optional): trade only when H1 H4 D1 are in the same direction.
2-and AIMS box ( if signal is inside box and box is big we can take signal, if box is small and signal is inside maybe better to wait breakout)
3-Matrix ACRA (formed by CCI ADX, RSI, Aroon created by Tecnobyte).
Long Entry
1-Aroon up cross above Aroon down and is above 70 level.
2-Bollinger Band stop blue dot,
3-ADX>20 and +DI cross above -DI,
4 Roc dodger blue bar (optional),
5 Matrix ACRA 3 blue square.
Short Entry
1-Aroon down cross above Aroon up and is above 70 level.
2-Bollinger Band stop red dot,
3-ADX>20 and -DI cross above +DI
4 Roc Red bar (optional),
5 Matrix ACRA 3 blue square.
Exit Position
Make profit on the pivot point ((S3,S2,S1,pivot ,R1,R2,R3),
Initial Stop loss is on 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 Aroon Up Down Trading Strategy?
- Download Forex Aroon Up Down 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 Aroon Up Down 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”.
