Forex Panca Eagle Trading System
Forex Panca Eagle Trading System:
Panca Eagle forex strategy basically a method for determing support and resistance breakouts. The idea of this strategy is to determine previous range and take trading opportunities once the box is broken (with borders acting as support and resistance areas) using as a trigger the breaks above and below that range. Panca eagle indicator is simple enough to understand. It is not complicated to use; we just simply have to wait for a breakout above or below the green zone. As such, it requires no special skills in order to use it.
What you need
- – Any pairs, EURUSD or GBPJPY recommended.
- – Timeframe 30M – Panca Eagle Indicators
- – EMA 5 (red line) and EMA 13 (yellow line)
- – RSI 14 level 45 – 55
- – Toptrend Indicators to avoid false signal.
Panca-Eagle Break Out Strategy rules:
1. Trading Hour:
You have to wait for the bars to get past the red box before you place an order at 10.30-21.00 WIB (GMT +7) in TF :30 Minute
2. Only 1 Buy & 1 Sell
3. No More Than 5-10% Equity each open trade
4. Minimum Take Profit = +10 pips for GU or GJ Pips protect, secure + 10 pips when your running profit +30 Trailing Stop 15 pips (optional)
5. You can use Pending Order : TP 30 ans SL 30 , Buy and Sell at Green Area After past the Box. But Recommended If You use instant execution.
6. How To Entry:
Buy when :
- The price enter upper box green area after past the red Box
- EMA 5 (red line) Upper EMA 13 (yellow line)
- RSI above 55 level
Sell when :
- The price enter bottom box green area after past the red box
- EMA 5 (red line) Below EMA 13 (yellow line)
- RSI below 45 level
In the pictures Panca Eagle Breakout Strategy forex system in action.
Avoid False Signal Using Toptrend Indicators
To Avoid False Signal, Before entering the market all signal must confirm with Toptrend Indicator. Only doing sell position if Toptrend Indicator is red and above price. And reverse only doing buy if Toptrend Indicator is BLUE and below price.
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 Panca Eagle Trading System?
- Download Forex Panca Eagle Trading System.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 Panca Eagle Trading System?
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”.