Forex Max XO Day Trading Strategy
Forex Max XO Day Trading Strategy;
FX Max with XO strategy It’ a very simple strategy for slow day trading. This strategy generates few signals based on XO indicator filtered by FX Max a slow trend indicator. The main purpose of this strategy is to have an efficient system based on a few clear signals. The system applies to currencies that are in trend at the time frame of 4H, so look for currencies in trend.
You can apply this template a more charts in the same time.
You can apply this template a more charts in the same time .
Time Frame 15 min.
Currency pairs: Majors, Minors and Indices.
FX MAX (slow trend following indicator).
XO MTF alerts 30 min setting.
Precision trend (optional filter)With this filter the system generates few signals.
Trading rules FX Max with XO strategy
Buy
FX MAX green bar.
XO MTF alerts aqua dot.
Precision trend green bar.
Sell
FX MAX red bar.
XO MTF alerts red dot.
Precision trend red bar.
Exit options:
with predetermined profit target with ratio 1:12 stop loss;
at the opposite dot of XO MTF alerts;
at the levels of pivot points indicator.
Place initial stop loss on the previous swing low/high.
In the folder there are two templates.
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 XO Day Trading Strategy?
- Download Forex Max XO Day 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 Max XO Day 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”.
