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”.
