Forex Riding Trend Following Strategy
Forex Riding Trend Following Strategy:
Pairs:all
Time frame: 4H, Daily.
Indicators:
4 EMA
10 EMA.
ADX (28)With +DI AND -DI.
MACD (5,10,4)
Long Entry Position :
+DI Must be above -DI .
When 4 EMA Crosses10 EMA from downside to upside and MACD >0
Short Entry Positin:
-DI Must be above +DI .
When 34EMA Crosses10 EMA from upside to downside and MACD <0
Take Profit:4H time frame 60 pips EUR/USD, 70 pips GBP/USD , USD/CHF 40 pips for Daily time frame200pips EUR/USD , 250 pips GBP/USD, USD/CHF 150 pips (recommended).
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 Riding Trend Following Strategy?
- Download Forex Riding 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 Riding 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”.
