Forex FPS Trend Trading Strategy
Forex FPS Trend Trading Strategy:
FPS Trend Strategy is a slow trend following strategy based on three exponentials moving averages filtered by FPS trend indicators with differents periods.
This system is for day trading or swing trading.
Trades only in direction of the main trend. The first step is find the main trend.
Time frame 5 min or higher.
Currency pairs: EUR/USD, USD/JPY, GBP/JPY, AUD/USD, USD/CAD, EUR/NZD, AUD/JPY, GBP/USD.
Forex Indicators
Exponential moving average 5 period, close.
Exponential moving average 13 period, close.
Exponential moving average 55 period, close.
FPS Trend 9 periods.
FPS Trend 21 periods.
Trading Rules FPS Trend Strategy
Buy
FPS Trend 9 periods and FPS Trend 21 periods are with green bar.
Ema 13 crosses upward from bottom EMA 55.
Place initial stop loss below low swing.
Make profit is discretionary
Sell
FPS Trend 9 periods and FPS Trend 21 periods are with red bar.
Ema 13 crosses downward from top EMA 55.
Place initial stop loss below high swing.
Make profit is discretionary.
Advantges of this strategy is that the entries are good because based on an effective filter system
Disadvantages are that management of position is discetionary, then, it needs a plan for exit strategy.
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 FPS Trend Trading Strategy?
- Download Forex FPS Trend 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 FPS Trend 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”.
