Forex Gartley Pattern Trading Strategy
Forex Gartley Pattern Trading Strategy:
The Gartley pattern is an famous pattern for trading. The author H. M. Gartley first described it on his 1935 book Profits In The Stock Markets.
The Gartley pattern is a retracement and continuation pattern that occurs when a trend temporarily reverses direction before continuing on its original course.
It gives you a low risk opportunity to enter the market where the pattern completes and the trend resumes.
The Gartley pattern is similar to the zig-zagging AB=CD
pattern except that it contains an extra leg at the start.
Fibonacci levels are used to measure the distance of these legs.
Time Frame 15 min or higher.
Financial markets: any.
Metatrader Indicator
Gartley Patterns
This indicator metatrader 4 is very well identified Gartley pattern.
Buy
Bullish Gartley pattern we have a buy arrow.
Sell
Bullish Gartley pattern we have a sell arrow.
Place your stop loss above/below the previous swing point.
Make profit at the point where price will have retraced 61.8% of the distance between A-D or wit ratio 1:2 stop loss.
Gartley pattern is often used to give trading signals.
Gartley pattern is a price action indicator and can recalculate.
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 Gartley Pattern Trading Strategy?
- Download Forex Gartley Pattern 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 Gartley Pattern 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”.
