Forex Price Action Detector Swing Trading Strategy
Forex Price Action Detector Swing Trading Strategy:
Price Action Detectors
I have been using this for a long time to read ( I called it) current Price Action on eachTime Frame combine with my Trading System. I’m not using candle pattern etc to read current Price Action, i don’t know maybe i’m too stupid to remember so many pattern.
But to see what is going on at the present, i think i just need to know the strength of buyers and sellers and compare the current price with the previous price. So, with Multiple Time Frame i could see what is going on with the current price on several periode and use those information to analyze the price movements. So i wrote this indicator for MT4 to help me read this.
Indicator:You will see three Arrow column on your chart:
BS = Buyer/Seller strength on current candle. Up arrow means Buyers is win and Down arrow means Sellers is win.
OC = Open price and Close Price positions on current candle. Up arrow means current Close price is bigger than current Open price and Down arrow means current Close price smaller than current Open price.
CC = Previous candle Close and current candle Close price positions. Up arrow means current Close price bigger than previous Close price and Down arrow means current Close price smaller than previous Close price.
You can combine this with your current trading system and style.
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 Price Action Detector Swing Trading Strategy?
- Download Forex Price Action Detector Swing 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 Price Action Detector Swing 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”.