Forex Trendline Kill Trading Strategy
Forex Trendline Kill Trading Strategy:
Time Frame 15min or higher
Currency pairs:any.
Forex indicator:
Bollinger bands (20:2);
RSI with OSAMA: RSI(5), RSI (14) OSAMA (12,26,9);
MACD (12,26,9);
Parabolic SAR (0.2, 0.02);
Trendline Indicator Kill (Top left corner indications of the possible breks)
1. Trade in the direction of the trend.
2. trendlines to define the trend, and enter only when the candle breaks the
trendline.
Use another indicator to filter the bad signals.
Long Entry
- Possible Trendline Break -up confirmed by candle close above the level;
- Parabolic Sar dot below the candle;
- RSI (5) >RSI (14) and OSAMa >0;
- line of the histogram MACD<bars histogram;
Short Entry
- Possible Trendline Break -down confirmed by candle close below the level;
- Parabolic Sar dot abowe the candle;
- RSI (5) <RSI (14) and OSAMa <0;
- line of the histogram MACD>bars histogram.
Exit posit
Stop loss on the previous swing High or Low.
Profit Target is discretionary or use the indications of Target Profit on the left corner of Trenline Kill indicator.
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 Trendline Kill Trading Strategy?
- Download Forex Trendline Kill 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 Trendline Kill 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”.
