Forex WPR Overbought Oversold Strategy

Forex WPR Overbought Oversold Strategy

Forex WPR Overbought Oversold Strategy;

Forex WPR Overbought Oversold Strategy

WPR Overbought Oversold Trading System is a trend momentum strategy based on the trend magic indicator. This system is for intraday trading.

Time frame 30 min.

Market: Forex Majors, Index and Commodities.

Metatrader Indicarors:

WPR Overbought Oversold Trading System with alerts (4 periods),

Trend Magic,

Stochastic (2,3,3,),

Commodity Channel index (14) optional,

ADR1.

Trading Rules for WPR Overbought Oversold Trading System Trading System

Trade in the direction of the trend of the trend magic indicator.

Buy

When the Trend Magic line is blue color wait the green arrow of the WPR Overbought Oversold entry if Stochastic crossing upward.

Sell

When the Trend Magic line is red color wait the sell arrow of the WPR Overbought Oversold. entry if Stochastic crossing downward.

Exit position

Make profit at the level of the support and resistance, ADR and fibonacci pivot levels. Place initial stop loss 10 pips below/above the entry bar.

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 WPR Overbought Oversold Strategy?

  • Download Forex WPR Overbought Oversold 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 WPR Overbought Oversold 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 WPR Overbought Oversold Strategy

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