Forex Grid Support Resistance Trading Strategy

Forex Grid Support Resistance Trading Strategy:

Grid Trading is a strategy based on grid it’ is a trend following system (grid trend).

Currency pairs. Majors.

Time frame 5 min, 15 min, 30 min.

Metatrader Indicators:

Indicators:

Daily open line.mql4

Grid_v2.mql4

Market Panel Clock.mql4

Market Panel Display Controller.mql4

M-Candles.mql4

SweetSpotsGOLD_TRO_MODIFIED_VERSION.mql4

Udinefx RN clear levels.mql4

UFX TREND multiMeter.mql4

UFX_FIFO RULES.mql4

xADR_0.2renko.mql4

experts:

Wheelbarrel Trailing_v1.2.ex4

WUKAR.ex4

Trading Rules Grid Trading

Once an hour put the pending orders at the price 00, 0.1, 0.2, 0.3,0.4, 0.5,

0.6, 0.7, 0.8, 0.9

• We trade only in the direction D1 candles

• Trtade only if the last candle H1 coincides with the direction of D1

• Starting with the opening of trading in Frankfurt, finishing after 2 hours

after opening New York

• At the opening of the Frankfurt trade only levels of 0.4, 0.5, 0.6

• Do not sell at 0.1 and 0.9 do not buy

• Take Profit 5 points or (aggressive 9 pips), stop loss 10 points

• Translation of the position to breakeven after 3.5 pips. Also at

3.5 points trailing stop is activated. Control is performed automatically

via advisers.

• Prior to the ADR boundaries must be at least 10 points

• Do not trade for an hour before and half an hour after the important news

• Goal – 10 points on the day, then stop trading (TC poster board)

• If the price has already passed adr, will no longer trade on this day

• We sell only the first level crossing.

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 Grid Support Resistance Trading Strategy?

• Download Forex Grid 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 Grid 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”.

Download Free Forex Grid Support Resistance Trading Strategy