Forex Multi Moving Average Scalping Strategy

Forex Multi Moving Average Scalping Strategy

Forex Multi Moving Average Scalping Strategy:

Forex Multi Moving Average Scalping Strategy

Multi moving average day trading is a pure trend following strategy based on Zwinner MA and Alex MTF moving average. Alex MTF moving averages indicators are a group of moving averages. This trading system is good for trading also with renko chart.

Time frame 5 min or higher. Best time frame for day trading 15 and 30 min.

Renko chart box size 3-6 pips for day trading.

Currency pairs: majors, more Gold and Indices.

Metatrader Indicators setting:

Zwinner color signals period 45.

Alex MFT MA1 four fast moving averages (6, 12, 18, 24).

Alex MFT MA2 four slow moving averages (30, 36, 42, 100).

Trading Rules Multi moving average day trading

Buy

Zwinner color signals green line

Alex MFT MA1 and MA2 7 green squares.

Maximum within three bars by the Zwinner signal.

For Renko chart do not apply this rule.

Exit when Zwinner color signals changes direction.

Make profit at pivots levels or with predetermined profit target.

Place initial stop loss on the previous swing low.

Sell

Zwinner color signals red line

Alex MFT MA1 and MA2 7 red squares.

Maximum within three bars by the Zwinner signal.

For Renko chart do not apply this rule.

Exit when Zwinner color signals changes direction.

Make profit at pivots levels or with predetermined profit target.

Place initial stop loss on the previous swing high.

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 Multi Moving Average Scalping Strategy?

  • Download Forex Multi Moving Average Scalping 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 Multi Moving Average Scalping 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”.

Download Free Forex Multi Moving Average Scalping Strategy

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