Forex Swing Pips Trading Strategy
Forex Swing Pips Trading Strategy:
“Swing Pips” System is mainly a trend-momentum following system designed for trading forex
market. The methods used with this system are powerful and effective.
The system is using different indicators to identify the major trend and show you the best entry/exit points. The system is also equipped with powerful support and resistance indicators that we’ll be using to place stop loss and targets.
Time Frame H1 or higher.
Currency pairs: Any.
Metatrader Indicators
1 – Stoch Candles ( Based on Stochastic indicator )
Blue Candles = Up trend, Buy Signal. Red Candles = Down trend, Sell Signal.
2 – Trend Filter2 ( Based on Moving Averages )
Blue Bars= Up trend, Buy Signal. Red Bars = Down trend, Sell Signal.This indicator will also be used for trend reversal alerts generated by Divergence
signals,
This indicator works as a trend indicator that shows the direction of the trend,
and also works as a trend power detector that allows you to know if the trend is
powerful enough or not.
Blue Dots = Powerful Up Trend = Buy Signal
Red Dots = Powerful Down Trend = Sell Signal
4 – Support And Resistance Indicators
The First indicator shows the most powerful support and resistance LEVELS. Blue
dots = support/resistance, Red dots = powerful supports and resistance levels.
We’re going to use this indicator for stops and targets.
The second indicator shows major support and resistance AREAS.
This indicator will be used mainly for Targets.
Trend Channel indicator is simply a visual trend identifier ). It
provides visual confirmation for the rest of indicators used to identify the major
trend.
It doesn’t provide buy/sell signals but it provides overbought and oversold areas –
between red lines.
Red lines = Overbought = Possible Reversal
yellow line = Oversold = Possible Reversal
Last indicator that we’re going to use is the one that will show us the best
entry/exit points…
Wave Arrows
This indicator is based on Fractals. And it provides visual entry and exit
suggestions in the form of Red and Blue arrows.
Red Arrow = Sell Signal = Close Buy
Blue Arrow = Buy Signal = Close Sell
System’s Rules
Buy Signal
1- Blue Candles
2- Trend Filter = Blue Bars
3- Trend Channel (Polynomial Regrssion) = Up Trend
4- ADX MA = Blue Dots
Sell Signal
1- Red Candles
2- Trend Filter = Red Bars
3- Trend Channel = Down Trend
4- ADX MA = Red Dots
Stops & Targets
For stops and targets we’re going to use the support/resistance levels/areas
indicators or bands of the polynomial regression.
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 Swing Pips Trading Strategy?
- Download Forex Swing Pips 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 Swing Pips 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”.
