Forex Pips Flush Trading System
Forex Pips Flush Trading System:
Time Frame 15 min or higher
The indicators used were sub-divided into two different types, they are:
a.) Main Chart Indicators
b.) Expert Indictors
a.) Main Chart Metatrader Indicators
Template indicators used in this strategy are listed below:
EMA 50 LIGHT CYAN (COLOR)
WC HOI HOIKEN HAS
WTF (TREND FOLLOWER)
WFFCAL (FOREXFACTORY CALCULATION)
WFP (FIBONNANCI PIVOT)
WST (SPREAD TELLER)
Zone identifier means ability of a trader to determine the type of zone market is moving and for the
sake of this strategy we make use of 50 exponential Moving Averages.
In this Strategy we consider two different types of Zones.
a.) Buy Zone
b.) Sell Zone
We have Buy Zone whenever we have price above 50 E.M.A, so after this all we will be
thinking of this as a Buy signal only
We have sell Zone whenever we have price below 50 E.M.A, so after this all we will be thinking of
this as sell signal only
BASIC RULES FOR ENTERING TRADES
The following conditions must meet before placing a buy trade and they are listed below:
• Price must have closed above 50 E.M.A
• WEMA must generate an ARROW for BUY
• WTM must be blue
• WMI BLUE line must crossed above 50 level
• Wes Tbar confirms & WT.Detector both must turn blue at the close of candle above 50 EMA.
After the Price has closed above 50EMA, Should in case the price has moved up by 20pips up, It´s
recommended that we should wait for a re-test of 50ema line back then after the re-test we buy to avoidentering at Retracement. Or we do this by placing pending buy limit order at the 50EMA level.
Below are conditions to enter a sell trades, they are:
• Price must have closed below 50 E.M.A
• WEMA must generate an ARROW for SELL.
• WTM must be RED
• WMI BLUE line must crossed below 50 level
• Wes Tbar confirms & WT.Detector both must turn RED at the close of candle above 50 E.M.A.
After the closed below 50EMA,and in case the price has moved down to 20pips down, It´s
recommended that we should wait for a re-test of 50ema Line up then after the re-test we sell to avoid
entering at Retracement. Or we do this by placing a pending buy limit order at the 50EMA level
BASIC RULES FOR EXIT
• Exit One: Placing of protective stop loss
• Exit Two: Placing of take profit
• Exit Three: Strategy exit
EXIT ONE – Placing of protective Stop Loss
Protective stop loss is the % of loss you want to afford by a trade that you open and in other terms it’s
called real stop loss or account protector.
This is done by placing a stop loss, we do this by adding 10-15pips to the low of candlestick that cross
the 50EMA up or down depending on the type of market directions.
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 Pips Flush Trading System?
- Download Forex Pips Flush 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 Pips Flush 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”.