Forex Williams Percente Range Trading Strategy
Forex Williams Percente Range Trading Strategy:
Forex Indicators:
50 Exopnential Moving Average High;
50 Exopnential Moving Average Low;
Stochastic (5, 3,3,) with Level 60 and 40;
Williams’Percente Range (50 period).
(Pivot points for intraday trading).
Long Entry
Price must cross labove the 50 EMA High
TheWilliams’Percente Range crosses above the -20 level.
The Stochastic Oscillator is above its Signal line and level 60;
When all the conditions are agree, you place a Buy order..
Set the Stop Loss a few pips below the most recent swing low point.
Set the Take Profit level twice the amount of the stop loss, or close the trade when
the price closes below the 50 EMA High.
Short Entry
Price must cross below the 50 EMA Low.
The Williams’Percente Range crosses above the -80 level.
The Stochastic Oscillator is below its Signal line and level 40.
When all the conditions are agree, you place a Sell order.
Set the Stop Loss a few pips below the most recent swing low point.
Set the Take Profit level twice the amount of the stop loss, or close the trade when
the price closes above the 50 EMA Low.
For intraday trading Time Frame 15min-30min-60min setting profit target 8-18 pips or on the pivot points levels see example below.
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 Williams Percente Range Trading Strategy?
- Download Forex Williams Percente Range 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 Williams Percente Range 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”.
