Forex Cloud Nez Alert Trading Strategy
Forex Cloud Nez Alert Trading Strategy;
Cloud with Nez alert is a trend following strategy that works well for also for trading for binary options and options. You can also to apply this template with renko chart with great results. I love this template.
Time Frame 30 min or higher.
Expiry time for Binary Options high/Low 12-15 candles.
For options you can use a time decay calculate on 12-15 bars.
For renko chart box size 10 pips or higher. See here renko chart.
Trend Indicator as filter on the current time frame.
Cloud setting time frame 4H (D1) for the major trend ( with time frame 30 min or 60 min setting 240 ), time frame daily (weekly W1).
Trading Rules Cloud with Nez alert
Nez alert arrow buy.
Trend alert blue,
Nez alert arrow sell.
Trend alert yellow,
Exit at the first opposite arrow of Nez indicator or with profit target predetermined.
Initial stop loss at the previous swing High/low
For trading with options
Price at the decay is > the previous resistance.
Put price at decay is < the previous support.
Simple and effective.
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 Cloud Nez Alert Trading Strategy?
- Download Forex Cloud Nez Alert 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 Cloud Nez Alert 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”.