Forex Power TrendLine Scalping Strategy
Forex Power TrendLine Scalping Strategy:
Time Frame 15min;
Currency pairs:any.
Indicators: (TradersCupu indicators)
Doda Bollinger,
Heiken Asci,
Pivot, Support and Resistence
TrendLine
Rules
Open the chart time frame of 60 minutes.
Determine the trend with the indicator trend line. If the price is above the trend line green. the trend is positive. If the price is below the trend line red the trend is negative.
After open the chart timeframe15 min, open a trade only in the direction of the trend of 60 min chart.
Example in the chart EUR/USD to 60 min, the trend is negative. We open the graph 15 minutes here, too, the trend is negative. Selling only Sell.
Example in the chart EUR/USD to 60 min, the trend is positive. We open the graph 15 minutes here, too, the trend is negative. Not trade.
Exit position options:
profit target 12-18 pips depens by currency pairs
take profit on the level pivots points;
exit when appears oppsite dot.
Place Stop loss2 pips above or below dots of Doda Bollinger indicator.
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 TrendLine Scalping Strategy?
- Download Forex Power TrendLine Scalping 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 TrendLine Scalping 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”.
