Forex Laser Trend Scalping Strategy
Forex Laser Trend Scalping Strategy;
Laser Trend is a trading strategy based on moving averages as filter of arrows.
I shows two templates for bar/candle chart and renko chart.
The filter is crossover of moving averages. The following is a method of trading. The indicator arrows you can change.
Time Frame 15 min or higher.
Renko chart box size 5 pips or higher.
Median renko box size 10 pips box percent=60.
Exponential moving average 5 period,
Exponential moving average 12 period,
simple moving average 40 period,
MA trend line period 40,
Arrows: Trend signal 2.1 for candle/bar chart – MA Signal 001 ( 34 period for renko chart, 53 period for median renko).
Trading rules Laser Trend
Trading only in the direction of the trend.
Consider only the first arrow after the crossing of moving averages.
Buy
MA 5 > MA12 > MA TL 40 or SMA 40
Arrow signal
Sell
MA 5 < MA12 < MA TL 40 or SMA 40
Arrow signal
Exit at the levels or pivot point or with predetermined profit target.
Place initial stop loss on the previous high/low swing.
Apply this strategy in trending currency pairs.
this method of trading is very attractive.
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 Laser Trend Scalping Strategy?
- Download Forex Laser Trend Scalping 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 Laser Trend Scalping 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”.
