Forex Currency Power Swing Trading Strategy
Forex Currency Power Swing Trading Strategy:
Time Frame H1 or higher, best time frame Daily.
The Currency Power indicator is a unique indicator designed to see the ‘big picture’ of the market, by estimating the strength of each currency. By looking at a currency instead of a currency pair, you can evaluate the relative effects of movements in all the pairs rather than in one pair only.
Each line represents the power of a currency:
Signals can be generated when the lines cross. Ex: when the Blue line crosses the Red line, it indicates that EURO is stronger than POUND and therefore the EUR\GBP should go up.
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 Currency Power Swing Trading Strategy?
- Download Forex Currency Power 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 Currency Power 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”.