Forex James Pattern Trading Strategy
Forex James Pattern Trading Strategy:
Time Frame daily.
Currency pairs all.
Indicator James Pattern
How the strategy works
Buy When appears the the buy pattern, if next candle, broken the the body upper pattern candle,
Sell When appears the the sell pattern, if next candle, broken the the body lower pattern candle,
- Stop loss for buy positions is placed 2 pips below the breakout candle.
- Stop loss for sell positions is placed 2 pips above the breakout candle.
Profit Target: risk-to-reward ratio 1.5 (or use any profit method you like)
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 James Pattern Trading Strategy?
- Download Forex James Pattern 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 James Pattern 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”.