Forex Trend Wave Bands Scalping Strategy
Forex Trend Wave Bands Scalping Strategy;
Trend Wave and Bollinger Bands Scalping system is an contrarian forex strategy.
Time Frame 5-15 min
Currency pairs:any.
The Trend Wave indicator features a sophisticated algorithm which enables it to detect reversals in an accurate manner ahead of other reversal indicators making it a reliable leading indicator. The beauty of this indicator is that is does not generally trigger signals during choppy sideways markets. It does not paint in arrears and most importantly, it does not repaint.
The Indicators:
1) Bollinger Bands(50) deviation 2 color red;
2) Bollinger Bands(50) deviation 3 color orange;
3)Bollinger Bands (50) deviation 4 color yellow;
Long entry:
arrow buy is confirmed if the price has broken orange or yellow upper band .
Short Entry:
arrows sell is confirmed if the price has broken orange or yellow lover band .
Take profit on previous band on the middle band or fast profit.
Stop loss 2pips above or below yellow band.
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 Wave Bands Scalping Strategy?
- Download Forex Trend Wave Bands Scalping 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 Wave Bands Scalping 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”.
