Forex Bufu Trend Swing Trading Strategy
Forex Bufu Trend Swing Trading Strategy:
Time frame: 30 min or higher.
Currency pair:any.
Bufu Trend Trading System is mainly a trend following system designed for trading forexmarket. It’s based in Bufu trend signals, trend channel (i-regression curve) stochastics candles.
Metatrader indcators:
Stoch Candles ( Based on stochastic indicator);
Bufu trend signals (buy: blue bars, flat: yellow bars, sell: red bars);
Support and resistance indicator:the indicator shows the most powerful support and resistance LEVELS. Blue dots = support/resistance, Red dots = powerful supports and resistance levels.We’re going to use this indicator for stops and targets.
Trend Channel indicator: is simply a visual trend identifier ( yellow line ). It
provides visual confirmation for the rest of indicators used to identify the major
trend.
It doesn’t provide buy/sell signals but it provides overbought and oversold areas –
between red lines.
Red lines above yellow line = Overbought = Possible Reversal
Red lines below yellow line = Oversold = Possible Reversal
Wave Arrows
This indicator is based on fractals. And it provides visual entry and exit
suggestions in the form of Red and Blue arrows.
Red Arrow = Sell Signal = Close Buy
Blue Arrow = Buy Signal = Close Sell
Rules for Bufu Trend Trading System
Buy Signal
1- Blue stoch Candles;
2- Bufu trend signals = Blue Bars;
3- Trend Channel = Up Trend;
4- Blue Arrow = Entry Signal.
Sell Signal
1- Red stoch Candles;
2- Bufu trend signals = Red Bars;
3- Trend Channel = Down Trend;
4- Red Arrow = Entry Signal.
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 Bufu Trend Swing Trading Strategy?
- Download Forex Bufu 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 Bufu 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”.
