Forex ITM Financial Swing Trading Strategy
Forex ITM Financial Swing Trading Strategy:
ITM Financial sig alert indicator (standard use).
Time Frame 15min or higher.
Currency pair:any.
Long Entry
Buy at the open of the second green bar of the ITM financial sig alert indicator.
Short Entry
Sell at the open of the second red bar of the ITM financial sig alert indicator.
Time Frame 15 min or higher.
Currency pair:any
forex indicator:
ITM financial sig alert indicator (level overbought and oversold +160 & -160);
IStochasticTXT indicator (5,3,20).
Buy
when the ITM financial sig alert indicator go in oversold area, wait the first buy arrow of the IStochasticTXT indicator.
Sell
when the ITM financial sig alert indicator go in overbought area, wait the first sell arrow of the IStochasticTXT indicator.
Exit position options:
-
Fast Profit Target predetermind that depends by Currency pair and time frame (example: EUR/USD 15 min TF PT=8 pips, 30 min TF PT= 12 pips, 60 min TF PT= 15 pips, 240 min TF PT= 25 pips) ;
-
Profit Target at the middle line of the bollinger bands.
Place initial stop loss 15 pips or more below lower band of the BB for buy and 15 pips or more above the upper band of the BB.
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 ITM Financial Swing Trading Strategy?
- Download Forex ITM Financial 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 ITM Financial 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”.
