Forex Double Channel MA Filtered Swing Trading Strategy
Forex Double Channel MA Filtered Swing Trading Strategy:
Time Frame 30 min or higher.
Currency pairs: any.
Metatrader Indicators:
Xard MACD flat Trend (24,48,12);
RSI Histo alert v.2 (RSI 21, Buy level aler 10, Sell level alert -10, MA 4);
21 exponential moving average High;
21 exponential moving average High;
11 exponential moving average High ;
11 exponential moving average High .
Buy Trade
1. Price closes above the blue 21 EMA of the highs;
2. RSI histo alert is above the 10 line (blue bars);
3 Xard MACD flat Trend is green.
Sell Trade
1. Price closes below the red 21 EMA of the lows;
2. RSI histo alert is above the -10 line (blue bars);
3, Xard MACD flat Trend is red.
Stop loss
Stop loss for buy trade will be placed a 3 pips under the red 21 EMA of the lows;
Stop loss for sell trade will be placed a 3 pips above the blue 21 EMA of the lows;
Trailing Stop loss
Trailing stop loss for sell trade the red 11 EMA of the highs (dotted line);
Trailing stop loss for Buy trade the blue 11 EMA of the lows (dotted line)
Profit Target Ratio 1:1. If stop loss is 20 pips target=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 Double Channel MA Filtered Swing Trading Strategy?
- Download Forex Double Channel MA Filtered 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 Double Channel MA Filtered 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”.
