Forex Secret Trend Direction Trading Strategy
Forex Secret Trend Direction Trading Strategy:
The secret of the trend is a breakout trend following strategy based on two filters: the first on the chart based on the moving averages, the second below the chart based on trend-momentum indicators.
Time frame 15 min or higher.
Currency pairs: majors.
Metatrader Indicators
Exponetial Moving Average 15 period, (shift 5)
Exponetial Moving Average 220 period , (high, shift 5)
Exponetial Moving Average 220 period, (low, shift 5)
Exponetial Moving Average 20 period, (level +200 -200 close , shift 5)
Trend direction,
Trend power.
Trading rules The secret of the trend
trade the trend direction only:
trend up above the 220 channel (red lines);
trend down below 220 channel.
Buy
If the price closes above the 200 level (black dot line) you take a market order if is confirmed by trend direction blue bar and trend power blue bar.
Sell
If the price closes below the -200 level (black dot line) you take a market order if is confirmed by trend direction red bar and trend power red bar.
Exit position
Make profit with ratio 1.2 stop loss or trailing stop.
Place intial stop loss 10 pips above/below orange line.
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 Secret Trend Direction Trading Strategy?
- Download Forex Secret Trend Direction 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 Secret Trend Direction 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”.
