Forex Sonic R TAH Swing Trading Strategy
Forex Sonic R TAH Swing Trading Strategy:
Entry for buy or sell :
This strategy is based on wave analysis. So it’s important that you have a good understanding of waves. First you should see a LOW in the price , then price should make HIGHER LOWs (HL).Like the example below, after making a HIGHER LOW, look for the candle go above upper white line (upper band of tunnel dragon indicator) and wait till the candle closes. Then put a buy stop few pips above the high of that candle.
Pay attention to the angle of the slope on Tunnel Dragon (or three 34MAs). The steeper, the better. Avoid horizontal ranging periods. (Direction of angle : Long 1 to 2 O’clock, Short 4 to 5 O’clock, avoid 3 O’clock ranging)
Have general trend/bias in mind, you can check it in higher time frames like H1, H4 and daily. Using SHI_Channel_MTF on a new chart you can easily determine the trend of each TF.
It’s better that price be above the 89EMA for a long entry.
Lookout for divergence. You can check it out in QQE or CCI indicator either.
General approach to Long/Short:
Price can often cross the Tunnel Dragon in 3 ways.
1. 89EMA above Tunnel Dragon ie (89EMA above 34 EMA High of the Tunnel Dragon.)
2. 89EMA below Tunnel Dragon ie (89EMA below 34 EMA Low of the Tunnel Dragon)
3. 89EMA middle of the Tunnel Dragon ie (89EMA between 34 EMA High and 34 EMA Low of the Tunnel Dragon.)
Wait for current candle high cross Tunnel Dragon 34EMA High and make sure the previous candle high is lower than Tunnel Dragon 34 EMA high. Wait for the current candle to close. Now mark that candle high + 5 pips as your long entry and any candle cross that level become your entry for long
In the example above, none of the next 3 candle cross point 1 candle high + 5 pips and price drops below Tunnel Dragon 35EMA high. Now you should reset your entry and wait for the price cross again Tunnel Dragon 35EMA high. In this case from 2nd point candle high + 5 is your entry for long.
The same applicable vice versa applicable for short.
The same rule applicable for going Short based on point 1 situation (89EMA above Tunnel Dragon but price crossing 34EMA Low).
The same rule applicable for going Long based on point 2 situation (89EMA below Tunnel Dragon but price crossing 34EMA High).
Importantly you should decide and enter short or long when the price cross the Tunnel Dragon up and down and based on where the price moving inside trend channel of your TF. Use SHI_Channel_MTF.mql. So you can avoid fake entries.
Channel is useful for analyzing a trend of a particular TF. But It may grow (gap between upper channel and bottom channel) in the trending market and shrink in the ranging market.
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 Sonic R TAH Swing Trading Strategy?
- Download Forex Sonic R TAH Swing 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 Sonic R TAH Swing 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”.
