Forex Stochastic Ranges Trading Strategy
Forex Stochastic Ranges Trading Strategy;
Essam with I- stochastich -txt is a trend momentum system. It’is based on three indicators (trend, momentum and price action).
Time Frame H1, H4, daily.
Currency pairs: any (EUR/USD, GBP/USD, AUD/USD, NZFD/USD,GBP/JPY, EUR/JPY, AUD/JPY and other).
Metatrader Indicators:
I-stochastic TXT (5, 3, 20);
Channel (0,2);
Channel (38, 5);
Essam (CCI 14; RSI 14);
Essam (CCI 14; RSI 9).
Rules for Essam with I-stochastic TXT
Trade only in the direction of the trend.
Buy
Channel 1 and Channel 2 in up direction.
Essam Yellow bar > red Bar;
when appears up arrow buy at the opening next bar.
Sell
Buy
Channel 1 and Channel 2 in down direction.
Essam red bar > yellow Bar;
when appears up arrow buy at the opening next bar.
Exit Positon
Initial stop loss on the previous swing.
Profit Target 15-20 pips 60 min time frame, TF 240 min (profit target 30-40 pips),
daily TF ( profit target 80-140 pips).
Find always the currency pairs in trend.
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 Stochastic Ranges Trading Strategy?
- Download Forex Stochastic Ranges 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 Stochastic Ranges 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”.
