Forex Trend Range Channel Swing Trading Strategy
Forex Trend Range Channel Swing Trading Strategy:
This Trading system is Trend following and Reversal and it’s based on the indicator Trend Range v.2 MT4 (channel trading).
Time Frame 30 min. 60 min, 240min,
Markets Any.
Metatrader Indicators:
TrendRangeV2,
BTS Exist,(BTS Exit repaints because it is based on fractal algorithm)
Swing Arrow,
MTF Stoshstic (Current time frame)
Rules for TrendRange Channel Trading System.
Buy
The Signal BTS exit indicator touches the lower band.
Stochastic below the window chart is blue.
Entry position, at the first swing green arrow.
Sell
The Signal BTS exit indicator touches the upper band.
Stochastic below the window chart is red.
Entry position, at the first swing red arrow.
Non trade against the Trend
Exit Position with BTS Exit or wait Nex oposite signal.
Initial Stop Loss 5 pips above or below the previous swing.
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 Range Channel Swing Trading Strategy?
- Download Forex Trend Range Channel 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 Range Channel 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”.
