Forex Luckas Contrarian Swing Trading Strategy
Forex Luckas Contrarian Swing Trading Strategy:
Time Frame H1
Currency pairs:any
Indicators:
envelope 233
moving average 233
lukas1 arrow
Stochastic (5,3,3)
Short Entry
Wait that the price close above the Red band, Sell the opening of the next bar when you see the red arrow Lukas, confirmed by Stoch that cross down
Long Entry
Wait that the price close above the Green band, Buy the opening of the next bar when you see the Green arrow Lukas, confirmed by Stoch that cross down.
Exit position:
- at the opposite arrow;
- when stoch reaches the overbought or oversold;
- when the prices reaches the first line white;
- predetermined profit target 15-30 pips.Place stop loss at the previous swing.
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 Luckas Contrarian Swing Trading Strategy?
- Download Forex Luckas Contrarian 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 Luckas Contrarian 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”.
