Forex Scanner Pro Trend Trading Strategy
Forex Scanner Pro Trend Trading Strategy:
Forex Scanners Pro is a tool for analysis of the trend that generates signals trend following filtered by trend indicators. This tool works on any time frame but is for day trading. I show the best way for to use this tool for intraday trading.
Forex Scanners conditions of markets.
● Trade Signal: FLAT (no signal)
● Trade Signal: BUY (buy signal)
● Trade Signal: SELL (sell signal).
Time frame 5 min or higher.
Currency pairs: majors, Gold and Indicies.
Metatrader Indicators setting
Forex Scanners Pro
FXTP Top and Bottom
Forex Scanners Pro Trend
Forex Scanners Pro trading Rules
(Time Frame 5 min, 15min and 30 min)
Trades only in the direction of the trend.
Open the H1 chart see the direction of the market, after open an chart with a lower time frame and trades only in the direction of H1 chart.
Buy
H1 chart trend up.
Forex Scanners Pro green arrow and trend up.
FXTP Top and Bottom green line on the bottom (optional).
Forex Scanners Pro Trend histogram above zero level.
Trend Indicator 3 green bar.
Initial stop loss on the previous swing.
Make profit is discretionary
Sell
H1 chart trend down.
Forex Scanners Pro red arrow and trend up.
FXTP Top and Bottom red line on the top (optional).
Forex Scanners Pro Trend histogram below zero level.
Trend Indicator 3 red bar.
Initial stop loss on the previous swing.
Make profit is discretionary.
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 Scanner Pro Trend Trading Strategy?
- Download Forex Scanner Pro Trend 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 Scanner Pro Trend 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”.
