Forex High Probability Trading System
Forex High Probability Trading System:
Pairs: Majors
Timeframes 30min or higher.
Indicators
Zig Zag
Non lag Zig zag
Zig Zag Pointer
Stochastics (setting 14,3,3)
Daiy Average Range
FiboPivot
Explanation Of the indicators
Zig Zag
The zig zag indicator is used to ascertain tops and bottoms, highs and lows and possible reversal turning points. It is also used to identify wave patterns and trends. Most people do not use it because of its lagging nature. However it is a very useful tool when optimized with several settings to filter out the false highs and lows. We will be using this indicator to ascertain tops and bottoms in a very unique and different way.
Non lag Zgzag
The non lag ziigzag is simply a form of the normal zigzag with dfferent setting to filter
out false highs and lows
Zig zag Pointer
The pointer is used to corroborate the nonlag zigzag and confirm entry points
Stochastics
Used to measure the overbought and oversold. We also use it to confirm the highs and
lows identified by our zigzags.
Daily Average Range.
This visual indicator smply helps us to see the averange range we can expect the pair to move for the day so that we can know where to place our stops and targets.
FibPivot
We use this to mark support and resistance from our charts. We only place trades if price is around support and resistance
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 High Probability Trading System?
- Download Forex High Probability Trading System.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 High Probability Trading System?
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”.
