Forex Auto Trend Support Resistance Trading Strategy
Forex Auto Trend Support Resistance Trading Strategy;
This Trading System is trend following. The trend is determined by autotrend channel.
Time Frame 30 min or higher.
Currenci pairs: any.
Forex Indicators:
Spud Stochastic: ( composed by 19 Stochastic indicators);
Autrend Channel (setting 30 min , 60 min: 24 hours- 240 min 60 hours- daily 336 hours) (This setting is the heart of the trading system: the secret);
Fib Pivot 3 (only for intraday trading wit time frame 30 min and 60 min).
Swing Arrow.
Rules for: Autotrend Channel Trading System
Buy
AutoTrend Channel in up trend;
lines Spud Stochastics > 50 or 76
Long entry position at the open next bar after a buy swing arrow.
Sell
AutoTrend Channel in down trend;
lines blue Stochastics indicators < 50 or 23;
Short entry position at the open next bar after a sell swing arrow.
Exit position:
At the oppoosite arrow.
Intraday Trading Fibo pivot is the good Profit Target.
25-30 pips profit targrt
Swing Tradind Profit Target Predetermined by time frame and currency pairs.
Ratio 1.3 Stop loss.
Initial Stop loss on the previous swing:
for intraday trading after 18 pips in gain move stop loss at the entry price;
for swing trading after ratio 1:1 move stop loss at the entry price.
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 Support Resistance Trading Strategy?
- Download Forex Auto Trend Support Resistance 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 Support Resistance 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”.
Download Free Forex Auto Trend Support Resistance Trading Strategy
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