Forex Greater Trend Swing Trading Strategy
Forex Greater Trend Swing Trading Strategy:
This is a simple trend following Forex Strategy. Based on two metatrader indicators.
The goal of this strategy is to win on the long trend.
Time Frame h1 or higher.
Currency pairs;any (Best Time Frame 4h or Daily ).
Metatrader Indicators:
Trendline;
Rules:Great Trend Trading System
Trade only in direction of the trend.
Buy
Trend Direction Buy Arrow;
Trendline color blue.
Sell
Trend Direction indicator Sell Arrow;
Trendline color red.
Exit position options:
1)At opposite Arrow.
2) Stop loss predetermined examples: Time Frame 4H: 50 pips AUD/USD, 50 pips EUR/USD, 40 pips USD/CHF, 60 pips USD/GBP GBP/GPY;
Stop loss: Time Frame Daily 100 pips AUD/USD 120 pips EUR/USD, 110 pips USD/CHF,
150 pips GBP/USD amd GBP/GPY;
Initial Stop loss on the previous swing after 100 pips in gain, move position at entry point (4H time frame, daily time frame after 250 pips in gain, move position at entry point.
Profit Target optional 1:3 ratio stop loss.
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 Greater Trend Swing Trading Strategy?
- Download Forex Greater Trend Swing 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 Greater Trend Swing 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”.
