Forex Power IMAX Trading Strategy
Forex Power IMAX Trading Strategy;
IMAX3 Trading is an simple trend following fx strategy based on RSI Chart bars as filter and KST momentum indicator.
Time Frame 30min, 60min, 240 min.
Currency pairs and Indicies: EUR/USD , USD/JPY, GBP/USD, AUD/USD, USD/CHF, AUD/JPY, NZD/USD and other majors.
Metatrader Indicators:
RSI bars, (55 period 55 period with 50 oversold & overbought )
RSI Chart bars( 55 period)
IHMax 3,
KST (Brookly),
Damiani Volameter,
Trading rules
Long Entry
Damiani Volameter green line above white line;
KST histogram > KST line;
RSI Chart Bars blue color;
IMAX3 aqua line > red line.
Short entry
Damiani Volameter green line above white line;
KST histogram < KST line;
RSI Chart Bars red color;
IMAX3 aqua line < red line.
Exit Position
IMAX3 crosses in opposite direction,
Profit Target 1.3 ratio stop loss,
Use trailing stop,
Initial stop loss on 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 Power IMAX Trading Strategy?
- Download Forex Power IMAX 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 Power IMAX 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”.
