Forex Counter Trending Swing Trading Strategy

Forex Counter Trending Swing Trading Strategy

Forex Counter Trending Swing Trading Strategy:

Forex Counter Trending Swing Trading Strategy

Timeframe is 15-min, 30-min and 1-hour

Recommended pairs: EUR\USD, EUR\JPY, GBP\JPY

Metatrader Indicators:

Doda stochastic indicator (5,8,5, levels 20; 80);

Buy Sell indicator;

Entry filter indicator

Exit indicator (optional).

Buy

The Filter indicator is green;

The Signal indicator shows a green signal – and the bar closes;

For entry long wait that Doda Stochastic indicator cross upward from overought zone

Sell

Wait that the price is above the upper Bollinger bands indicator;

The Filter indicator is green

The Signal indicator shows a green signal – and the bar closes.

For entry Sell wait that Doda Stochastic indicator cross downward from oversold zone.

Exit position only with fast profit target:

15 min time frame 8-10 pips;

30 min time frame 10-14 pips;

60 min time frame 15-20 pips.

Stop Loss 15-20 pips.

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 Counter Trending Swing Trading Strategy?

  • Download Forex Counter Trending 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 Counter Trending 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”.

Download Free Forex Counter Trending Swing Trading Strategy

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