Forex Psycho Level Support Resistance Trading Strategy

Forex Psycho Level Support Resistance Trading Strategy

Forex Psycho Level Support Resistance Trading Strategy;

Forex Psycho Level Support Resistance Trading Strategy

This is a price action trading system.

Time frame: 15 or higher.

Pairs:all

Indicators:

Awesome,

Bollingher Bands (20, 2)

Support and Resistance indicator or draw (Support and resistance)

Long Entry

When price breaks to a PSYCHOLOGICAL level of resistance, Awesome Oscillator is GREEN enter long when the price to close ABOVE the UPPER band of the bollinger bands.

Short Entry

When price breaks to a PSYCHOLOGICAL level of Support, Awesome Oscillator is Red enter long when the

price to close Below the Lower band of the bollinger bands.

Exit :

1 Trailing stop

2 Target Profit ( example H1 EUR/USD 20 pips GBP/USD 25 pips, AUD/USD 16 pips).

3 Stop Loss:5 pips above the support for Shor Entry, 5 pips below the resistance for Long entry.

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 Psycho Level Support Resistance Trading Strategy?

  • Download Forex Psycho Level Support Resistance 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 Psycho Level Support Resistance 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”.

Download Free Forex Psycho Level Support Resistance Trading Strategy

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