Forex Open Trend Swing Trading Strategy
Forex Open Trend Swing Trading Strategy:
Forex Market open trend is an intraday forex system trend following based on the levels of the opening market.
Time Frame 30 min and 60 min.
Forex Markets: EUR/USD, GBP/USD, AUD/USD, USD/CHF, GBP/JPY, USD/NZ, EUR/JPY, and other. Indicies: S&P 500, DAX, FTSE. Metals: Gold and Silver.
Metatrader Indicators:
Arrow,
Market Watch,
Daily- weekly open indicator,
ArrzzX2 indicator.
Rules for Forex Market Open Trend
Long Entry
Price above Daily- weekly open indicator,
Green Arrow,
Green ArrzzX2 support,
Market Watch green bar.
Short Entry
Price below Daily- weekly open indicator,
Red Arrow,
Red ArrzzX2 Resistance,
Market Watch red bar.
Exit Position options
At the opposite arrow or with predetermined profit target that depends by currency pair.
Initial stop loss at the previous swing.
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 Open Trend Swing Trading Strategy?
- Download Forex Open Trend Swing 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 Open Trend Swing 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”.
