Forex MA Candles Trend Following Strategy

Forex MA Candles Trend Following Strategy

Forex MA Candles Trend Following Strategy:

Forex MA Candles Trend Following Strategy

MA Candles channel trading is a trend following forex strategy based on the two moving averages and Ma Candle channel (price action indicator).

Time Frame 30 min or higher.

Currency pair: EUR/USD, GBP/USD, AUD/USD, USD/CHF, GBP/JPY, EUR/JPY, and other Currency Pair.

Forex Indicators:

233 simple moving average;

56 simple moving average;

MA Candles Channel (9, 34) price action indicator;

Stochastic histogram (14,3,3).

Long Entry

Green candle (MA Candles Channel indicator)above the upper56 channel and above the 233 upper channel.

Stochastic histogram green candle.

Short entry

Red candle (MA Candles Channel indicator) below the lower 56 channel and below the 233 lower channel.

Stochastic histogram red candle.

Exit position
Initial stop loss is 20 pips below (for buy) or above (for sell) at the 56 ema white line.

Profit Target ratio 1:1.2

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 MA Candles Trend Following Strategy?

  • Download Forex MA Candles Trend Following
  • 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 MA Candles Trend Following 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 MA Candles Trend Following Strategy

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