Forex Grucha Channel Breakout Trading Strategy
Forex Grucha Channel Breakout Trading Strategy:
Time Frame
Trading Session all NewYork, London .
Buy
When the price close above upper band if Profitable Trend strength confirmed with yellow bar buy at open next bar.
Sell
When the price close Below lower band if Profitable Trend strength confirmed with red bar sell at open next bar.
Exit Position
At the level of the pivots;
Profit Target predetermined,
(Profit Target Predetermined: EUR/USD 15 pips; AUD/USD 12 pips; GBP/USD 18pips.)
Stop loss on the previous swing or 15-20 pips.
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 Grucha Channel Breakout Trading Strategy?
- Download Forex Grucha Channel Breakout 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 Grucha Channel Breakout 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”.
