Forex Power Price Action Trading Strategy
Forex Power Price Action Trading Strategy:
Power Price Action is a forex strategy trend following based on the Heiken Aschi indicators.
Time frame 15 min or higher.
Financial markets: Indicies, Comodities (agricole 4h time frame) and Forex.
Metatrader Indicators:
Fade Background,
Power price action (heiken ashi modified),
Power price action 2 (heiken aschi modified),
NS (trend scanner indicator).
Rules Price Action trading System
Buy
Square below the bar,
Heiken Aschi green below the bar.
Trend scanner blue bar.
Sell
Square above the bar,
Heiken Aschi green above the bar.
Trend scanner red bar.
Exit Position
Exit position when Trend Scanner changes direction.
Place initial stop loss above/below the previous swing.
You can use this strategy also for trading intraday with support and resistance tool:
Fibonacci levels or Pivot Points as point for exit position.
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 Price Action Trading Strategy?
- Download Forex Power Price Action 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 Price Action 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”.
