Forex Max Snake Trend Following Strategy
Forex Max Snake Trend Following Strategy;
Rules: #1 Always Manage Risk
Indicators used: 4HR Chart
3 period EMA (Exponential Moving Average)
30 Period EMA
Parabolic SAR .02 Maximum .2
When the 3 period EMA crosses the 30, then enter the trade in the direction of the cross
Put Stop Loss Above the Previous Candle
Some additional requirements
SL must not be less then 30
Or Greater then 110
When the Price gets to 130 pips of profit Move SL to lockin +75 pips
As the Parabolic SAR moves continue move SL in unison with SAR to lock in pips.
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 Max Snake Trend Following Strategy?
- Download Forex Max Snake 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 Max Snake 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”.