Forex Fractal Moxo Trend Following Strategy
Forex Fractal Moxo Trend Following Strategy:
Indicators:
1)Fractal;
2)Momentum (14);
Long Entry position:
1)Buy Fractals are marked with a green “B”
above the high of the fractal bar;
2)Enter market when price rises to an amount
equal to or greater than two ticks above the
fractal bar’s high.
3)A buy fractal is valid until it is hit.;
4)Signal bar is first MO bar that crosses zero line
from negative to positive;
5)Entry point is two ticks above high of
corresponding price bar;
6)A MOXO buy signal is valid until hit.
Short Entry Position:
1) Sell Fractals are marked with a red “S” below
the low of the fractal bar;
2)Enter market when price falls to an amount
equal to or less than two ticks below the fractal
bar’s low;
3)A sell fractal is valid until it is hit;
4)Signal bar is first MO bar that crosses zero line
from positive to negative;
5)Entry point is two ticks below low of
corresponding price bar;
6)A MOXO sell signal is valid until hit.
What should my initial stop loss be?
Long positions
In determining the first-bar stop loss for a long position, we will consider the lower of either
· the lowest low of the last three price bars (including the signal bar)
· or the lowest stability line below the low of the signal bar
Short positions
In determining the first-bar stop loss for a short position, we will consider the higher of either
· the highest high of the most recent three price bars (including the signal bar)
· or the highest stability line above the high of the signal bar.
Exit profit: Take profit or trailing stop.
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 Fractal Moxo Trend Following Strategy?
- Download Forex Fractal Moxo Trend Following 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 Fractal Moxo Trend Following 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”.
