Forex Dollar Index Swing Trading Strategy
Forex Dollar Index Swing Trading Strategy:
Dollar Index indicator written by Andy Thompson in MQL4 code have more version always written by A.T. I prefer to use the second version.The best way to view the Dollar Index is to use a moving average. When looking at the forex pairs prices it is often tempting to think about counter trend trading during a strong trend.
Time Frame 4H or Daily.
Currency pairs: EUR/USD GBP/USD.
Metatrader Indicators:
Exponential Moving Average 5 periods high;
Exponential Moving Average 5 priods low
Exponential moving average 3 periods (white dotted line).
Dollar index Indicator ;
Asctrend 2 TF
Rules for Dollar Index Trading System
Buy
Conditions:
Dollar Index Indicator above green dotted line;
AscTrend 2 TF two dodge blue bars.
To entry when the price retraces into the channel.
Sell
Conditions:
Dollar Index Indicator below dotted line;
AscTrend 2 TF two red bars.
To entry when the price retraces into the channel.
Re-entry when the price retraces into the channel but this chice is optional.
Exit position is discretionary but the best exit is whit profit target 50 pips on the 4h TF and 120 pips on the Daily TF. Initial Stop loss 40 pips.
This Trading System is not for beginners.
Other Dollar index Indicator
Brooky EUR Strength2 indicator
Brooky_USD_Strength indicator
Bull_Bears_alerts indicator
BusSellBasketTotal indicator indicator.
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 Dollar Index Swing Trading Strategy?
- Download Forex Dollar Index 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 Dollar Index 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”.
