Forex Profit Launcher Swing Trading Strategy
Forex Profit Launcher Swing Trading Strategy:
1 – Trend : This is the main trend, or the main direction of price at the moment.
2 – Past Support and Resistance : This is where supply and demand in the past was.
These key points are VERY important. More on that later.
3 – Future Support and resistance : This is where future supply and demand is
predicted to take palace. The yellow line is the main pivot line or middle
support/resistance. The blue lines above are resistance lines. And the red lines below it aresupport lines. The gray lines between red and blue lines are suggested reversal
points. This is how we are going to set our Targets.
On the upper left corner of the screen you will find this instruction area. It shows the
major trend ( Trend Up – Trend Down ). And BUY – SELL signal with entry Point and
Stop loss level.
This area is the last point we are going to check before we trade.
This system can be used with all pairs, but it will be a lot more profitable with USD/JPY pair.
This trading mode is for beginners.
It’s very simple and clear.
1 – Use the Daily Chart to know
the major trend of the currency pair.
For Example, here is the daily trend of USD/CAD:
AsAs you can see, the major trend
is Down Trend = Best to SELL this pair.
2 – Move to any smaller time frame, that shows the same trend direction.
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 Profit Launcher Swing Trading Strategy?
- Download Forex Profit Launcher 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 Profit Launcher 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”.