Forex Demark Method Breakout Trading Strategy
Forex Demark Method Breakout Trading Strategy;
This system is based on Tom Demark’s trading method.
Here is a screenshot of the system. We are only going to use 2 indicators.
The first indicator is the one called ‘’Trends’’.
This indicator tell us, where and when to buy/sell. And where to place our stop loss and targets. Buy Zone is the area above the Blue trend line.
When price cross this line, time to buy the currency pair. If price cross the Red trend line, that’s a SELL signal.
You will notice a white dots on the top or below the candles. Those dots tell us where
to place our stop loss when we enter the market.
Targets will be shown as horizontal lines on the chart. Red line = Sell Target. And Blue line = Buy Target.
For confirmations, we are going to use a second indicator. The one called ‘’Arrows’’.
We are only going to sell, when the last arrow before breakout was a red down – arrow.
And we are only going to buy, when the last arrow before breakout was a blue pointing up – arrow.
Now let’s put all that together ..
BUY SIGNAL :
1 – Price breaks the Blue Trend
2 – Last arrow signal was from a blue arrow
SELL SIGNAL:
1 – Price breaks the Red Trend;
2 – Last arrow signal was from a red arrow;
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 Demark Method Breakout Trading Strategy?
- Download Forex Demark Method Breakout 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 Demark Method Breakout 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”.
