Forex Trigger Puller Trading Strategy
Forex Trigger Puller Trading Strategy:
TIME FRAME: 1H
SIGNAL FOR LONG:
· When WMA 5 changes its slope.
· Parabolic SAR appears below the newly open candle.
· AC (default) change color and is about to cross the ‘0’ line or cross it.
· AO (awesome) (default) also turn green.
· Laguerre-1(green, Gamma 0.6,) is going upward and is cross 0.15 and Laguerre-2 (Red, Gamma 0.8) still stay below.
· Stochastic (5, 3, 14) is not in over bought condition or is below ‘0’ line or blue line cross red line from down to up and going upward.
· And MACD green line cross red line from below and is below ‘0’ line and histogram appear above zero line.
SIGNAL FOR SHORT:
· When WMA 5 changes its slope.
· Parabolic SAR appears above the newly open candle.
· AC (default) change color and is about to cross the ‘0’ line or cross it.
· AO Awesome (default) also turn red.
· Laguerre-1(green, Gamma 0.6,) is going downward and is cross 0.85 and Laguerre-2 (Red, Gamma 0.8) still stay above.
· Stochastic(5,3,14) is not in over sold condition or is above ‘0’ zero line or blue line cross red line from above to downward and going downward.
· And MACD green line cross red line from above to downward and is above ‘0’ line and histogram appear below zero line.
FILTERS
This method has very few possibilities of whipsaws. In case of whipsaw you will see the repulsion of WMA 5 from EMA 21 but you have already break even or locked few pips. If it crosses through it then be patient and exit on next short or long signal appear. You can use your own MM rules for stop loss and profit.
COMMENTS:
1) You will mostly see that WMA 5 is repulsed from EMA 21 on the first attempt mostly.
2) On second attempt it will mostly cross and may be stopped by EMA 55 which is a strong resistance and support in my system.
3) Once price has breached it then it will face EMA 100 as next level and the last one is EMA 200.
4) Once WMA 5 has crossed an EMA it is usually not the routine that it will cross back the same EMA unless it has crossed some other higher level prior to that.
5) Tackle repulsion from EMA55 carefully because it means price has equal probability to cross it again as EMAs have habit of rejecting once at least.
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 Trigger Puller Trading Strategy?
- Download Forex Trigger Puller 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 Trigger Puller 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”.
