Forex Magic Signal Formula Trading Strategy
Forex Magic Signal Formula Trading Strategy;
Magic FX Trading is a trading system trend- momentum based on the color Stocastic indicator. I shows two simple template (aggressive and conservative). The template conservative is based on Stochastic color and trend filter. The template aggressive is formed by Stochastic color and Maagic Fx. The purpose of these trading strategies is find the best conditions for trading.
Time Frame 30 min or higher.
Currency pairs: majors, minors and indices.
Metarader 4 Indicators setting
Trend filter 89, 9.
Stochastic color 14, 3,3, 2.
Magic Fx (defaut setting).
Trading rules
First template conservative
Buy
Buy arrow of Color Stocastic oscillator filtered by green line of trend filter.
Sell
Sell arrow of Color Stocastic oscillator filtered by red line of trend filter.
Second template aggressive
Buy
Buy arrow of Color Stocastic filtered by blue line of Magic Fx indicator.
Sell
Sell arrow of Color Stocastic filtered by red line of Magic Fx indicator.
Exit position at the opposite arrow or with predetemined fast profit target with ratio 0.8-1.0 stop loss.
Initial stop loss 10-40 pips below the entry bar depends by time frame and pairs.
I’m sure this is a great trading idea that I’m sharing and I’m sure it will drive you to be a winner.
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 Magic Signal Formula Trading Strategy?
- Download Forex Magic Signal Formula 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 Magic Signal Formula 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”.
