Forex Trend Awesome Trading Strategy
Forex Trend Awesome Trading Strategy:
Trend Awesome System is a strategy for trading with the trend. This fx system is an intraday strategy based on trend momentum indicators.
Time Frame 30 min.
Currency pairs: Majors.
Tools indicators:
Exponential Moving average 10 period close (measures the short trend-momentum ).
Exponential Moving average 40 period close ( identifies the intermediate trend ).
Exponential Moving average 150 period close ( identifies the long-term direction).
Filter (setting 240 min)
Awesome oscillator.
Info (main informations on the price movement).
Trading rules Trend Awesome System
Trade only in the direction of the trend.
Buy
10 EMA >40EMA>150EMA
Trend Filter green bar
Avesome green Bar.
Sell
10 EMA <40EMA<150EMA
Trend Filter red bar
Avesome green Bar.
Info indicator: optional.
Re-emtry when the price come back on the 40 EMA with the same conditions.
Exit Position
Profit Target ratio 1:1, 1:2 stop loss.
Initial stop loss 8 pips above/below 150 ema.
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 Trend Awesome Trading Strategy?
- Download Forex Trend Awesome 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 Trend Awesome 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”.
