Forex Mantra Trend Following Strategy
Forex Mantra Trend Following Strategy:
1. Simply extract the folder FX MANTRA to your computer. Better to be in the desktop.
2. Launch or Run your Meta trader 4 with internet connection on it.
3. Right Click on the chart and scroll down to TEMPLATES.
4. Click on LOAD TEMPLATES.
5. Browse for the folder you extracted in your desktop named FX MANTRA.
6. There are 2 templates, one is FX MANTRA H1 and another is FX MANTRA LT, you can choose either one (We will discuss this matter further).
7. After you have selected the template it will show in your chart
8. SETUP COMPLETE.
Now how we trade effectively with FX MANTRA??
The MANTRA for this FX MANTRA is very easy, it is easy as spelling F-O-R-E-X. Yes, it is very simple but very effective.
How to use the system for effective trading :-
We have included H1 and LT system. H1 system named as FX MANTRA H1 Pro traders tool and LT system named as LEANER TRADING TOOL. H1 system is very much useful and the main system for trading for profit. LT system ensures longer trends to ride for profit. The main attractive features of the tools are the ranging effect discovery. With these tools a trader can easily identify the ranges and breakouts with no repaints.
The FX Mantra H1 tool provides 2 MA lines. When the GREEN line crosses over the RED line, the trader should go for buy until both of the MA lines get closer. Please use H1 timeframe for this kind of trade.
When RED line crosses over the GREEN line then go for SALE until the lines get closer to each other. As you can see a huge trade has been done with our tool. REMEMBER our tool do not repaint.
The main fact is that When both MA lines are closer to each other then it shows a ranging effect for long term traders.
THE MAIN MANTRA WITH THE TOOL IS :- When RED LINE is over the GREEN LINE then go for SALE then when GREEN LINE is over the RED LINE then go for buy and USE H1 Time Frame. To ensure a trend you can shuffle through H4 and D1 Time Frame.
NOW WHAT ABOUT THE LT TOOL :-
LT tool is all about more ensuring result. Use LT tool for ensuring a highly profitable 100+ pips trade.
SPECIAL NOTE :- H1 method provides good data and signal for H1-D1 traders. It provides a massive signal of BUY and SELL. Anyone can use H1 Pro tool for maximizing their profit. BUT LT method is quite different in mechanism, LT method should be used for ENSURING TREND for LONG TERM TRADES. If you are a scalper, or a seasoned trader please use H1 tool for trading and LT tool for ensuring the trend. When you are trading with more than $2000 and going for a trade which will last for 1 week or more then you can go for LT tool without even touching the H1 tool.
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 Mantra Trend Following Strategy?
- Download Forex Mantra Trend Following 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 Mantra 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”.