Forex Distance Trend Trading Strategy

Forex Distance Trending Strategy - is a simple trading system based on two envelopes with additional filters.

Input parameters

• Currency pairs: any.
• Timeframe: M15 and higher.
• Bidding time: London, New York.
• Risk Management: After calculating the stop loss, choose this lot sizeto risk no more than 2-5% of the deposit per trade.

Used indicators

• Heiken Ashi
• Line Ask Bid
• Spread Time
• Forex Distance (half length 35, 0, 0, deviation 0.35)
• Forex Distance (half length 35, 0, 0, deviation 0.15)
• Forex Trade (period 9, factor 1 0.33, factor 2 0.66)

Setting up the price chart

1. Unpack the archive.
2. Copy the template into the templates folder.
3. Copy the indicators to the folder MQL4 -> indicators.
4. Restart the terminal.
5. Open the chart of the desired currency pair.
6. Set the template with the name Forex Distance.

The schedule should look like this:

Signals indicating the opening of a long position (buying)

1. The price broke through the lower boundary of both envelopes.
2. The green line of the Forex Trade indicator is above the blue line.
3. Optional prerequisite: candle indicator Heiken Ashi blue.

Signals indicating the opening of a short position (sale)

1. The price broke the upper boundary of both envelopes.
2. The green line of the Forex Trade indicator is below the blue line.
3. Optional prerequisite: candle indicator Heiken Ashi yellow.

Setting Take Profit and Stop Loss Orders

• Given the trending nature of the Forex Distance strategy, stop loss is set above/below the previous local maximum/minimum.
• When setting an order Take Profit it is recommended to set goals according to the current trend or in the ratio sl/tp as 1 to 2.

Before using Forex Distance trend strategy If you have a real deposit, be sure to test it on a demo account.

Download Forex Distance Strategy Template and Indicators

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