Forex Power Rangers Trend Following Strategy
Forex Power Rangers Trend Following Strategy;
Trend Signals with Power Rangers is a simple trading system that generates trend following signals for trading. This strategy is suitable at any pairs.
The signals are filtered by Fxbin alert trend slope indicator plus a price action channel.
Time frame 15 min or higher.
Currency pairs: Majors, minors, Indicies and shares.
Metatrader Indicators:
Power rangers
Fxbinalert (21, period),
price action channel (optional)
Linear Weighted moving average 5 period, high,
Linear Weighted moving average 5 period, low.
Trading rules Trend Signals with Power Rangers
Buy
Power Ranges buy arrow.
Fxbin alert aqua color.
When there are these two conditions make a buy order (example, if we have first the arrow of Power Rangers indicator for entry wait that Fxbin alert line is aqua color).
For buy wait tha the price come back in the channel (this is optional).
Place initial stop loss on the previous swing low.
Profit targets depends by pairs and time frame, ratio pt/stop loss= 1:11.
Sell
Power Ranges sell arrow.
Fxbin alert yellow color.
When there are these two conditions make a sell order (example, if we have first the sell arrow of Power Rangers indicator for entry wait that Fxbin alert line is yellow color).
For sell wait tha the price come back in the channel (this is optional).
Profit targets depends by pairs and time frame, ratio pt/stop loss= 1:11.
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 Rangers Trend Following Strategy?
- Download Forex Power Rangers Trend Following 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 Rangers Trend Following 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”.
