Forex River Modified Trading System
Forex River Modified Trading System:
Time Frame 5 or higher.
Currency pairs: all.
Indicators:
Moving Average 21
Moving Average 62
Moving Average 85
Envelope 62 (0.05)
Damiani Volameter (3.2) [with Sed atr 30 and Threshold 1.3
Long Entry
In Trade Zone:Moving Average 21 cross up from bottom Moving Average 62, 85 and Envelope.
Short Entry
In Trade Zone: Moving Average 21 cross up from bottom Moving Average 62, 85 and Envelope.
Not buy or sell when Damiani is red.
RE-Entry: When the price retrace in envelope zone.
Exit position.
Stop Loss 5 pips below or above Envelope.
Profit Target Ratio 1:3
Exit also on the pivot level.
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 River Modified Trading System?
- Download Forex River Modified Trading System.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 River Modified Trading System?
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”.