Forex Egwig Buy Sell Trading System
Forex Egwig Buy Sell Trading System:
The setup for a SELL trade. (See following images.)
A RED down-arrow appears on the chart. see 1.
A MAGENTA confirmation target appears. 2
An alert sounds.
If the price moves to the confirmation target:-
A YELLOW confirmation arrow appears. 3.
A second alert sounds.
A YELLOW Trailstoploss indicator starts to form. 4.
For the SELL trade to be fully confirmed the following conditions must ALL be met.
The color change indicator must be RED. 5.
The GREEN line of the Stochastic must be below the RED line.
Both lines must be moving DOWN the chart. 6.
The GREEN line of the MACD must be below the RED line.
Both lines must be moving DOWN the chart. 7.
The MTF Signals indicator shows RED in current & higher time frames. 8.
EXIT the trade at your chosen target or be guided by the YELLOW TrailStop. 9.
Put the template in the templates folder (the one that already contains .tpl files)
Put the indicators in the MT4 indicators folder.
Open the MT4 platform.
Load the Egwig template onto any chart. I prefer the EURUSD 1 Hour chart.
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 Egwig Buy Sell Trading System?
- Download Forex Egwig Buy Sell Trading System.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 Egwig Buy Sell Trading System?
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”.