Forex Pro Cross Trend Following Strategy
Forex Pro Cross Trend Following Strategy;
Forex Pro Strategy is based on the Forex Pro Indicator. It’s a trend following strategy. The purpose of this strategy is find the trades into the trend.
The first rule is find the currency pairs in trend.
Time frame 30 min, or H1.
Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/JPY, EUR/JPY , GBP/JPY USD/CHF.
Metatrader Indicators:
Indicator 1: MA period 34, T3 MA 0.8, JMA Phase 0.0, Step 4.0.
Indicator 2: Signal period 12, arrow 2.
Indicator 3: Moving average 144,
Indicator 4: fast 144, slow 233, Moving average 50.
Trading Rules Forex Pro Strategy
Buy
The strategy involves one main switchman in yellow, two trend lines
(the third is thinner – additional), and a basement histogram.
Entering the market to increase:
1. A yellow arrow appears up.
2. The first trend line is blue, or has become such when the candle is closed.
3. The second trend line is green or has become such when the candle is closed.
4. The bar of the basement indicator on the current candle of blue color (on the slide -red, yellow – uncertainty or flat).
If these conditions coincide with the next candle, we enter the market. Take profit – 30-60 pips, stop the loss is 30 pips.
Sell
1. A yellow arrow appears down.
2. The first trend line is red, or has become such when the candle is closed.
3. The second trend line is red or has become such when the candle is closed.
4. The bar of the basement indicator on the current candle of red color (on the slide -blue, yellow – uncertainty or flat).
If these conditions coincide with the next candle, we enter the market. Take profit – 30-60 pips, stop the loss is 30 pips.
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 Pro Cross Trend Following Strategy?
- Download Forex Pro Cross 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 Pro Cross 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”.
