Forex Magnum 300 Pips Trading Strategy
Forex Magnum 300 Pips Trading Strategy:
Trading Magnum 300 pips a week is a trend following system based on the combination of trend filter indicators.
Time Frame H1 and H4.
Markets: Forex (EUR/USD, GBP/USD, AUD/USD, USD/CAD, NZD/USD, USD/CHF, GBP/JPY, EUR/JPY, USD/JPY; Index (Dax, S&P500, Nasdaq, FTSE).
Metatrader Indicators:
Heiken Ashi v.3;
Trend filter (indicator tfor range market),
Trend Direction ( long term trend direction filter),
Joker Filter (short term trend direction filter).
Rules Trading Magnum 300 pips a week
Buy
joker Filter green bar,
Trend filter green bar,
Trend direction green bar,
Heijen Ashi green bar,
When these conditions are agree place a buy order at the opening of the next bar.
Sell
joker Filter red bar,
Trend filter red bar,
Trend direction red bar,
Heiken ashi red bar,
When these conditions are agree place a sell order at the opening of the next bar.
Exit position
initial stop loss h1 time frame 15 pips below/above the entry bar, h4 time frame 25 pips above/belowe the entry bar.
Make profit when Joker filter changes direction or ratio 1.2 stop loss.
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 Magnum 300 Pips Trading Strategy?
- Download Forex Magnum 300 Pips 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 Magnum 300 Pips 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”.
