Trend Trading Strategy Forex Indicators

Trend Trading Strategy Forex IndicatorsThe system uses signals from a set of technical indicators to open positions, as the name implies.

Input parameters

• Currency pairs: any.
• Timeframe: H1 and above.
• Bidding time: any.
• Risk Management: After calculating the stop-loss, choose such a volume of the lot that the risk was no more than 2-5% of the deposit per trade.

Used indicators

• MACD Traditional (default settings)
• Stochastic (20, 5.5)
• CCI (20)
• QQE (20)
• Slope Direction (recommended 20,2,0)

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. Install a template named Forex Indicators.

The schedule should look like this:

To make a buy/sell decision, it is sufficient to fulfill 3 out of 4 conditions 2-5 in combination with a signal from the Slope Direction Line indicator.

Signals indicating the opening of a long position (buying)

1. The Slope Direction Line indicator (on the price chart) is blue.
2. The MACD histogram goes through 0 from bottom to top.
3. Stochastic comes out of overbought areas.
4. The CCI crosses 0 from bottom to top.
5. The thick line of the QQE indicator crosses the dotted line from bottom to top.
6. A stop loss is placed under the nearest local minimum.

Signals indicating the opening of a short position (sale)

1. The Slope Direction Line indicator is red.
2. The MACD histogram goes through 0 from top to bottom.
3. Stochastic comes out of oversold areas.
4. The CCI crosses 0 from top to bottom.
5. The thick line of the QQE indicator crosses the dotted line from top to bottom.
6. A stop is placed over the nearest local maximum.

At first glance, the Forex Indicators strategy does not differ from others trending strategies. However, it has a peculiar "trick" - it is the use of standard indicators, which will not cause difficulties for novice traders.

In turn, for more experienced traders, there is a great opportunity to experiment with replacing the standard indicators with more advanced modifications, which will affect the profitability for the better Forex Indicators trend trading strategy.

Download Forex Indicators trading strategy template and indicators

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