Forex Trend Line XPMA Swing Trading Strategy
Forex Trend Line XPMA Swing Trading Strategy:
Trend line Breakout with XPV7 XPMA is an Intrady forex strategy price action based on Trend line indicator filtered by XPV7 XPMA indicator (written by by Xard777).
Markets any, Currency pair: EUR/USD, GBP/USD,AUD/USD, USD/CHF,
NZ/USD,AUD/JPY, GBP/JPY, USD/JPY, GBP/JPY, Gold, Silver, Oil,
Time Frame:30 Minutes
Metatrader Indicators:
I_TDTL_v2 Trend line Indicator-Trend line setting: Bars: 200, LevDP: 2, qSteps: 1, Back step: 0, Start Bar: 0, Trend Line: true);
SpudFibo_v2 is the an option for profit target;
Xpv7 XPMA is a leader trend indicator;
Relative Strngth Index (RSI period 14).
Rules Trend line Breakout with XPV7 XPMA
Trades only in direction of the trend indicator XPV7 XPMA (grren=uptrend red=down trend).
Long Position
Wait for the bar to close above the green trend line.
Price has to be above the green XPV7 XPMA line.
RSI (14) > 50 level optional.
Short Position
Wait for the bar to close below the red trend line.
Price has to be below the red XPV7 XPMA line.
RSI (14) < 50 level optional.
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 Line XPMA Swing Trading Strategy?
- Download Forex Trend Line XPMA 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 Line XPMA 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”.
