Forex Trend Spotter Swing Trading Strategy

Forex Trend Spotter Swing Trading Strategy

Forex Trend Spotter Swing Trading Strategy:

Forex Trend Spotter Swing Trading Strategy

The default version allows you to use two modes, optimized, and manual.

Optimized mode calculates the stop line by using a 14 period EMA smoothed

ATR(14) multiplied by a fixed multiplier of 2.824. In manual mode, you set a

fixed number of pips you want the stop line to be drawn. In this version,

there are two modes:

1.ATR mode (customizable ATR period, multiplier, and smoothing)

2. Fixed stop mode (customizable fixed stop)

The input parameters are as follows:

* UseATRMode – This calculates the stop line based on ATR using customizable

period, multiplier and smoothing.

* NonATRStopPips – If “UseATRMode” is false, then this value is the number of fixed

pips to place the stop line.

* ATRPeriod – If “UseATRMode” is true, then this sets the ATR period.

* ATRMultiplier – If “UseATRMode” is true, then the ATR value will be multiplied by

this value when calculating the stop line.

* ATRSmoothing – If “UseATRMode” is true, then this will smooth the selected ATR

with an EMA of this smoothing period.

* UpArrowColor – The color the Up arrows will display in.

* DnArrowColor – The color the Down arrows will display in.

* ArrowDistance – This can adjust the distance away from the stop line that the

arrows appear. By default, the arrows appear directly above or below the stop line. A

positive number here will move the arrows further away from the price. A negative

number will move it closer to the price.

For the default trend direction behavior, set the following:

UseATRMode = true

ATRPeriod = 14

ATRMultiplier = 2.824

ATRSmoothing = 14

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 Spotter Swing Trading Strategy?

  • Download Forex Trend Spotter 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 Spotter 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”.

Download Free Forex Trend Spotter Swing Trading Strategy

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