Forex Trend Bars Trading System
Forex Trend Bars Trading System:
Time Frame 15 or higher.
Pairs: all.
Indicators:
Fx Trend
Fx Trend1
Entry
FX Trend should be used mainly to confirm the signals of the FX Trend1 and FX Teend2.
Draw Flat area on FX Trend with two orizzontal line at 0,0018 and -0,0018.
Signals are confirmed using the color of the indicator:
· If the FX Trend is green, take only LONG trades. (FXTrend>0.0018)
· If the FX Trend is red, take only SHORT trades. (FX Trend<0.0018)
Exit Position
When appears arrow in oppsosite direction.
Place Stop loss on low or higher of the bars Entry.
Profit Target in a ratio of 3-1 if stop loss is 30 pips the profit target is 30X3=90 pips.
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 Bars Trading System?
- Download Forex Trend Bars Trading System.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 Bars Trading System?
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”.
