Forex ASC Trend Swing Trading Strategy
Forex ASC Trend Swing Trading Strategy:
Trading Rules
Time Frame 15 min or higher:
Currency pairs any.
Sell:
5-EMA crosses below the 10-EMA.
RSI is below 50.
ASCTREND down-arrow signal and candle lighted up by ASCTREND.
Stochastics lines going downward.
CCI line is pointing down and below 50.
Exit Position
Exit when 5-EMA crosses 10-EMA in the opposite direction of your trade, or when price bounces from the Bollinger Bands, or when Stochastics lines converge.
Never enter a new trade without a signal, unless the candle is lit up with ASCTREND.
Stopo loss:
for buy 5 pips below the lower bands;
for sell 5 pips above the upper bands.
AscTrend with Bollinger Bands Metatrader Indicators:
5EMA, 10 EMA (set close);
RSI (14), give it 3 levels – 70, 50, 30;
Stochastic oscillator to 5, 3, 3, give it 3 levels – 80, 50, 20;
CCI (14) 3 levels – 100, 0, -100;
Bollinger Bands (20, 2);
Parabolic Sar (0.02 -0.2)
ASCTrend (indicators);
NRTR WATR (indicators).
Buy:
5-EMA crosses above the 10-EMA.
RSI is above 50.
ASCTREND up-arrow signal and candle lighted up by ASCTREND.
Stochastics lines going upward.
CCI line is pointing upward and above 50.
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 ASC Trend Swing Trading Strategy?
- Download Forex ASC Trend 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 ASC Trend 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”.
