Forex Trend Histogram Trading Strategy
Forex Trend Histogram Trading Strategy:
Trend Histogram Strategy is a trend momentum strategy based on trend arrow filtered by Trender Color Histogram and QQE. This is a simple strategy.
Time frame 5 min or higher.
Currency pairs: Majors. Minors, Indices, Gold.
Metatrader indicatorrs setting
Trend arrow (3, 12, 2).
Trend Histogram Color ( Red down momentum, yellow flat momentum, green up trend momentum). Trend Histogram color is a indicator that you can use also for contrarian trading but this is not the purpose of this trading system.
QQE default setting.
Trend Histogram Strategy rules
Buy
Trend arrow buy.
Trend Histogram Color above zero with green or yellow bar.
QQE crosses upward.
Exit at the opposite trend arrow or with profit target predetermined.
Initial stop loss on the previous swing low.
Sell
Trend arrow sell.
Trend Histogram Color below zero with red or yellow bar.
QQE crosses downward.
Exit at the opposite trend arrow or with profit target predetermined.
Initial stop loss on the previous swing high.
The purpose of this strategy is to find the best trend-momentum trading opportunities, QQE is another filter that helps fot this purpose.
This is winning strategy.
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 Histogram Trading Strategy?
- Download Forex Trend Histogram 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 Histogram 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”.
