Forex LMT Formula Swing Trading Strategy
Forex LMT Formula Swing Trading Strategy:
daily or 4 hour charts.
To identify entry signals we are going to use the “Trigger” indicator at the
bottom of your chart which looks like the picture below.
As you can see from the above picture the L.M.T Trigger is constantly oscillating
like a wave and changing colour depending on its direction. The indicator gives
possible signals as it changes from red to green, but there are several things that
must be checked before it can even be considered a trade setup.
1. The entry signal must be in the direction of the current trend as indicated by
the trend direction indicator
There must be at least three red/green bars on the L.M.T Trigger indicator
before the signal is given. For example if the trend is down, there must be three
or more green bars before a red bar forms to signal a sell entry. If the trend is
up, there must be three or more red bars before a green bar forms to signal a
buy entry. If there are only two bars or less before the entry bar, then the signal
is invalid. Below is an example of entries with an up trend.
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 LMT Formula Swing Trading Strategy?
- Download Forex LMT Formula 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 LMT Formula 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”.