Forex Fast Direction Trading System
Forex Fast Direction Trading System:
Curency Pairs: all.
Indicators: RSI (14), Stochastic (8, 3, 3), Moving Average (20), Mt4-stoplevel-reverse
vb0.4 (ATR mode 9, 3, 0), trend lines.
Description
This system uses two timeframes – the 4-hour and 1-hour. A trend line is used to
determine the direction in which the market is moving. Once this is determined and all
indicators line up on the 4 hour, you will check to see if the same happens on the 1
hour, if yes, enter long or short trades as necessary.
Description
This system uses two timeframes – the 4-hour and 1-hour. A trend line is used to
determine the direction in which the market is moving. Once this is determined and all
indicators line up on the 4 hour, you will check to see if the same happens on the 1
hour, if yes, enter long or short trades as necessary.
Chart Setup
Add Stochastic (8, 3, 3), RSI, Moving Average (20), Mt4-stoplevel-reverse reverse vb0.4
(ATR mode 9, 3, 0) and up or down trend line.
These indicators and trend lines should be inserted on both the 4-hour and the 1-hour timeframes.
System Rules
Short trades
1. Market breaks an up trend line
2. Market moves below the moving average
3. Stochastic needs to be at 80 or above
4. RSI needs to be at 55 or above
5. Wait for Mt4-stoplevel-reverse to show the direction the market will take indicated
with a red down arrow
6. Enter, a short position on the next candlestick and place limit order at 70-100
pips below entry point if trading the 4-hour timeframe, and 30- 50 if trading the 1-
hour timeframe.
Long trades
1. Market breaks a down trend line
2. Market moves above the moving average
3. Stochastic needs to be at 20 or below
4. RSI needs to be at 35 or below
5. Wait for Mt4-stoplevel-reverse to show the direction the market will take indicated
with a blue up arrow
6. Enter, a long position on the next candlestick and place limit order at 70-100 pips
above entry point if trading the 4-hour timeframe, and 30- 50 if trading the 1-hour
timeframe.
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 Fast Direction Trading System?
- Download Forex Fast Direction 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 Fast Direction 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”.
