Forex Zero Lag Stochastic Trading Strategy
Forex Zero Lag Stochastic Trading Strategy:
Zero Lag Stochastic Trading System is a trend following strategy based on the Zero Lag Stochastic indicator and Coloured Woodies CCI.
Time frame H1
Currency pair: EUR/USD GBP/USD, AUD/USD, USD/CHF,.
Zero Lag Stochastic Trading System is designed to generate buy and sell signals from a combination of currently available indicators for the MetaTrader 4 (MT4) platform.
The metatrader indicators are:
Coloured Woodies CCI indicator;
Pivot Points level indicator;
ZeroLag Stochastics indicator.
In order to generate signals using Zero Lag Stochastic trading system… all 3 of the above indicators must be installed on your charts. A sample template has been included in this zip file for your convenience. If you have a version of ZeroLag Stochastics already in your MT4 indicator file, you should replace it with the one included in this zip file as a minor change has been made to it that improves zero lag stochastic trading.
In addition,you must also install the Zero Lag Stochastic indicators. All 3 (CCI, , ZLS, pivots points level ) should be copied to the Program Files/MetaTrader/Experts/Indicator folder before opening MetaTrader.
The Zero Lag Stochastic Trading System.tpl template file should be copied to: program filess/MetaTrader/template folder (Make sure you don’t install it to the MetaTrader/Experts/Templates folder).
Once all the indicators and the template file are copied to their proper folders. Start MT4, open a new chart, click on Templates and select Zero Lag Stochastic Trading System.
Buy
Coloured Woodies CCI indicator>0.
Zero Lag Stochastics indicator cross upward.
Sell
Coloured Woodies CCI indicator<0
Zero Lag Stochastics indicator cross downward.
Exit Position
At the pivot points levels,
for buy if Coloured CCI Woodie is >0 to go for PT2 (optional)
For sell if Coloured CCI Woodie is <0 to go for PT2. 8optional)
Initial stop loss 25-30 pips, after 25 pips in gain move stop loss at the entry price.
When the price reached the pt 1 move stop loss at the + 18 pips.
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 Zero Lag Stochastic Trading Strategy?
- Download Forex Zero Lag Stochastic 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 Zero Lag Stochastic 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”.
