Forex King Direction Trading Strategy

Forex King Direction Trading Strategy

Forex King Direction Trading Strategy:

Forex King Direction Trading Strategy

FX King System is a trend-momentum system based on moving averages TDI, MACD and RSI. I’ve developed this system for trading with bars, candle chart and renko chart. The difference is that with renko the trend chart can be followed even without reference to the slow average of 200 periods.

Time frame 15 min or higher.

Renko chart box size 5 pips or higher. (Remember check allow Dll Import)

Metatrader Indicators

Reversal Fractls

Exponential Moving Average 4 period

Exponential Moving Average 5 period

Exponential Moving Average 200 period

Exponential Moving Average 60 period

MACD Candle (2,5, 20);

Auto pivot levels,

Probability Meter: MACD 5,13, 1 – Stochastic 20, 2, 2,

RSI Filter 2 period (with renko chart) 4 period with (candle e bar chart),

TDI (RSI 13, Volatility band 34);

MACD bars 3, 4, 10.

MACD bars 2, 5, 10

FX King System trading rules

Trade only in the direction of the primary trend.

Buy

Price above MA 60 and 200 with renko chart price above 60.

MA 4>MA5>MA60>MA200.

TDI red line above green and yellow line.

RSI blue bar.

MACD Candle blue bar.

MACD red bar.

Probability meter > 55 <90 optional.

Sell

Price below MA 60 and 200 with renko chart price above 60.

MA 4<MA5<MA60<MA200.

RSI red bar.

TDI red line below green and yellow line

MACD Candle red bar.

MACD red bar.

Probability meter < 55 >10 optional.

This is a winner system.

Exit position when MA 4 crosses in opposite direction MA 5 or at the level of pivot points level.

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 King Direction Trading Strategy?

  • Download Forex King Direction 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 King Direction 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 King Direction Trading Strategy

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