Forex SR Barry Line Swing Trading Strategy
Forex SR Barry Line Swing Trading Strategy:
Krish is the trader that has developped this price action strategy based on the trend line indicator and the support and resistance Barry .
Time Frame 4H
Currency pairs: any
Metatrader Indicators:
4H Trader indicator;
3DFX indicator
Support and Resistance Barry
Signal bars 7 Indicator
Clock Indicator
Rules for Support and Resistance Barry with Trend line or Krish Manual Template
Buy
Wait 4H Trader Buy Arrow and Entry Position at the breaks of the Trend line in in up trend or entry at the Breakup of the trend line if is has formed a triangle.
Sell
Wait 4H Trader Sell Arrow and Entry Position at the breaks of the Trend line in in down trend or entry at the Breakdown of the trend line if is has formed a triangle.
Exit position is discretionary but is recommended ratio 1.3 stop loss.
Place initial stop loss at the previous swing.
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 SR Barry Line Swing Trading Strategy?
- Download Forex SR Barry Line 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 SR Barry Line 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”.