Forex Auto Trend Forecaster Swing Trading Strategy
Forex Auto Trend Forecaster Swing Trading Strategy:
Time Frames and Pairs
– 5 min ( not recommended – risky), 15 min, 30 min, 1H
– All major pairs
To use the Auto Trend Forecaster to generate signals:
Long trades occur when the Auto Trend Forecaster
changes color from Orange to Blue.
Short trades occur when the Auto Trend Forecaster changes
color from Blue to Orange.
Stop Loss
Option 1
Place your stop loss according to the popup alert number
Option 2 ( for advanced traders)
Place your stop loss below the previous low ( bottoms)
For long trades.
Place your stop loss above the previous high (tops)
For short trades.
IMPORTANT: Set stop loss for all your trades and do not deviate from it.
Once the trade has touched your stop loss be disciplined and close the
trade. This will protect you from major capital losses.
Exiting Trades
Exit trades when the Auto Trend Indicator issues the opposite trading
signal. This ensures that you trade with maximum profits and right
before the market reverses.
Another exit mechanism which is highly effective is to exit near strong
support or resistance levels. It is a method that generates exits earlier,
so you take profits early.
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 Auto Trend Forecaster Swing Trading Strategy?
- Download Forex Auto Trend Forecaster 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 Auto Trend Forecaster 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”.
