Forex Cowabunga Trend Following Strategy

Forex Cowabunga Trend Following Strategy

Forex Cowabunga Trend Following Strategy;

Forex Cowabunga Trend Following Strategy

Currency pairs:any

Indicators:

5EMA, 10EMA, RSI (14), Stochasic (5,3,3), MACD (12,26,9),

open 4H Chart,

if 5 EMA above 10 EMA, trend is up,

if % EMA is below 10 EMA Trend is down.

After open 15 min chart .

Buy

5 EMA must cross above the 10;

RSI must be greater than50;

Stochastic must be headed up and not in overbought terrritory;

MACD Histogram must go from negative to positive or MACD Histogram must be negative and start to increase value.

Sell

5 EMA must cross below the 10;

RSI must be <50;

Stochastic must be headed down and not in oversold territory;

MACD Histogram must go from positive to negative or MACD Histogram must be positive and start to decrease value.

Stop loss 20-30 pips.

Profit Target ratio 1,3.

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 Cowabunga Trend Following Strategy?

  • Download Forex Cowabunga Trend Following 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 Cowabunga Trend Following 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 Cowabunga Trend Following Strategy

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