Forex Fractal Support Resistance Trading Strategy
Forex Fractal Support Resistance Trading Strategy:
This an is price action trading system.
Time Frame Any
Pair:any
Long Entry Position:
1: If Candle closes above FB resistance, open long postition.
Short Entry Position
2: If Candle closes below FB support, open short position.
I RSI filter is On.
Central line Filter
1: Only enter buy/long if RSI(8) > 50
2: Only enter sell/short if RSI(8) < 50
Overbought/Oversold Filter
1: Only enter buy/long if RSI(8) > 60
2: Only enter sell/short if RSI(8) < 40
Stop Loss 5 pips below entry bar.
Profit Target: on Supporte and Resistance or aggressive.
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 Support Resistance Trading Strategy?
- Download Forex Fractal Support Resistance 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 Fractal Support Resistance 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”.