Forex Double Supertrend Trading Strategy
Forex Double Supertrend Trading Strategy;
Double Supertrend Trading System is a very immpressive intraday trend following forex strategy.
This system is based on Supertrend optimized and Supertrend cleared.
Time Frame 15 min.
Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF, USD/JPY, AUD/JPY.
Metatrader Indicators:
PL4 Candle Time;
Market Panel display control;
SuperTrend Indicator, Version Mark Ursell ( period 20, multiplier 2.0);
SuperTrend cleared V.3 2005 Jason Robinson ( CCI 50, ATR 5);
Pivot Points levels;
PFWinner;
Stochastic Oscillator (5,3,3).
Trading rules Double Supertrend Trading System
Basic : trade only in direction of the trend.
Buy
Conditions
SuperTrend Indicator line green.
SuperTrend cleared V.3 line green.
PFWinner above zero line.
If these conditions agreed to buy.
Optional conservative: Buy when the price bounce on the supertrend indicator and Stochastic crosses upward.
Sell
Conditions
SuperTrend Indicator line red.
SuperTrend cleared V.3 line red.
PFWinner below zero line.
If these conditions agreed to Sell.
Optional conservative:Sell when the price bounce on the supertrend indicator and Stochastic crosses downward.
Exit position when t SuperTrend change in opposite direction or at the pivot points level.
Place Intial stop loss on the previous swing.
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 Supertrend Trading Strategy?
- Download Forex Double Supertrend 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 Supertrend 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”.
