Forex Signal Line Trend Following Strategy
Forex Signal Line Trend Following Strategy:
Signal line with Stochastic is a trend-momentum strategy for intraday trading, the e trend entries are filtered by stochastic oscillator, The pourpose of this strategy is the profit on the pivot points but this is relative is only my recommendation.
Time frame 15 min or 30 min.
Currency pairs: EUR/USD, USD/JPY, AUD/USD, USD/CHF, GBP/USD, GBP/JPY, USD/CAD.
Do not trade 22:00 GMT – 2:00 GMT
Metatrader Indicators
Moving Average in color 50 period, close,
Signal line 26 period, close,
LWMA 20 period, close,
Pivot points levels,
In subwindws
ken fast bar (optional),
Slow Stochastic oscillator (20, 3, 7) with Moving Average 10 period, close.
Trading rules
Signal line with Stochastic
Buy
Signal line green color.
MA in color green color,
Slow stochastic above ma line.
Place initial stop loss on the previous swing low.
Profit target on the pivot levels or when signal line change color red to green.
At 30 min time frame you can uses an approach aggressive:
signal line green color and stochstic > 50 (Max bars for entry signal is 4).
Sell
Signal line red color.
MA in color red color,
Slow stochastic below ma line.
Place initial stop loss on the previous swing high.
Profit target on the pivot levels or when signal line change color green to red.
At 30 min time frame you can uses an approach aggressive:
signal line red color and stochstic < 50 (Max bars for entry signal is 4).
After the R3 dot no trade long and after S3 do not trades short.
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 Signal Line Trend Following Strategy?
- Download Forex Signal Line 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 Signal Line 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”.
