Forex Trend Envelope Swing Trading Strategy
Forex Trend Envelope Swing Trading Strategy;
This forex strategy is trend following.
Time Frame 4H.
Currency pairs:any.
Metatrader Indicators:
Envelope;
Arrows (channel Signal);
Trend Bars;
Support and Resistance Barry
rules:
1. Always trade with the trend
2. Enter the market on a pullback or retracement at most probable low in case of Long and High in case of Short
3. Enter /Exit trade at most probable price envelope.
4. Do not enter long or Short if the price touches or breaks lover envelope band, Do not enter long if the price touches or breaks upper envelope band.
5.For entry long or short wait forms dots support and resistanca Barry.
Exit Position options:
When the price touches the level of the support or resistance;
at opposite arrow;
whit profit target ratio 1.5 Stop loss;
Stop Loss on the previous swing.
Alternative Exit position only for conservative Entry
Stop loss
This system is traded on 4-hour time frame. The suggestion for stop loss is around 100-150pips from the entry .
Exit Trade
Exit an open trade when there is a reversal arrow or exit by profit target. The profit target can be set from 100-300 pips.
Note:
the arrow repaint but this is an good trading system:
remember enter when on forms dot of the support and resistence and exit at the support and resistance(recommended).
LONG Entry is confirm when
There is green arrow pointing up
Trend indicator color is in green
Price is near or below to lower band of envelope indicator and below the price there is dot blu of support Barry.(This condition is only for an conservative Entry)
Enter on the close of the candle
There is green arrow pointing down
Trend indicator color is in red
Price is near or abow to upper band of envelope indicator and above the price there is dot red of resistance Barry. (This condition is only for an conservative Entry)
Enter on the close of the candle
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 Envelope Swing Trading Strategy?
- Download Forex Trend Envelope 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 Trend Envelope 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”.
