Forex Trend Friend Trading Strategy
Forex Trend Friend Trading Strategy:
Trend Friend Follow Intraday System is simple fxstrategy but based on the complex metatrader indicators trend following with one indicator of momentum.
Time Frame 15 min, 30 min, 60 min.
Sessions : 15 min and 30 min 8:00, 22:00 GMT Berlin.
60 min Time Frame all session 24:00 / 24:00
Markets: Forex Majors, Indicies.
Metatrader Indicators
First to install JJMA mqh into folder include,
Trend Filter,
SDX TZ Pivots,
FXI Trix ( 9, 8),
STO JMA (with moving average 11 ),
Trend Friend Follow (MACD EMA 1, EMA 2).
Rules Trend Friend Follow Intraday System
Long Entry
trix appears, a buy arrow, to confirm:
STO JMA crosses upward
Trend Filter with green circle on the same time frame or higher,
Trend Friend three arrows green on the same time frame and 2 or 3 arrows green on the next time frame.
Short Entry
trix appears, a sell arrow, to confirm:
STO JMA crosses dowward
Trend Filter with red circle on the same time frame or higher,
Trend Friend three arrows red on the same time frame and 2 or 3 arrows red on the next time frame.
Exit Position
Time Frame 15-30 min at the levels of the SDX pivot points.
Time Frame H1 Profit target 12-18 pips.
Initial Stop loss on the previous swing or 20 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 Friend Trading Strategy?
- Download Forex Trend Friend 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 Friend 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”.
