Forex Elder Impulse Trading Strategy
Forex Elder Impulse Trading Strategy:
Indicators:
Bear
Bull
Momentum
Elder Impulse System
Buy Signal:
Elder Ray System
- Trend is up: momentum> 100 (blue line)
- Bull Power>0 and latest peak > previous peak
Elder Impulse System Filter
- Check that Impulse is not red.
Trade Entry
- When Bear Power ticks up, place a buy order above the high of the last 2 periods
Stop Loss
- Once long, place a stop loss below the latest minor low (13 periods)
Take Profit
- Multiple of stop loss
Sell Signal:
Elder Ray System
- Trend is down: Momentum < 0 (blue line)Bear Power <100 and latest trough < previous trough
Elder Impulse System Filter
- Check that Impulse is not green.
Trade Entry
- When Bull Power ticks down, place a sell order below the low of the last 2 periods
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 Elder Impulse Trading Strategy?
- Download Forex Elder Impulse 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 Elder Impulse 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”.
