Trend Trading Strategy Trading Magnum 300 Pips A Week
Dual screen Trading Magnum 300 Pips A Week Trend Trading Strategy, in some ways similar to Rock Solid 10 Pip Day intraday trading strategyOnly in the medium term.
Input parameters
- Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CAD, NZD/USD, USD/CHF, GBP/JPY, EUR/JPY, USD/JPY.
- Timeframe: H1, H4.
- Bidding time: any.
- 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 v.3
- Trend filter
- Trend Direction
- Joker Filter
Installing indicators and strategy template
- Unpack the archive with templates and indicators.
- Copy the indicators to the folder MQL4 -> indicators.
- Copy the template into the templates folder.
- Restart the terminal.
- Open the chart of the desired currency pair on the H1 timeframe.
- Set a template named Trading Magnum 300 pips a week.
The schedule should look like this:
Signals indicating the opening of a long position (buying)
- The Trend Filter indicator is colored green (indicating that there is a phase in the market trend).
- The Joker Filter indicator is colored green (the short-term trend is directed upward).
- The Trend Direction indicator is colored green (medium-term trend is directed upward).
- Heiken Ashi indicator candlestick is colored blue.
Signals indicating the opening of a short position (sale)
- The Trend Filter indicator is colored red.
- The Joker Filter indicator is colored red (the short-term trend is directed downward).
- The Trend Direction indicator is colored red (medium-term trend is downward).
- Heiken Ashi indicator candlestick is colored red.
Setting a Stop Loss and Exiting a Trade
- Stop Loss is placed 15 pips above/below the bar at which we opened the trade, if we work on the TF H1, or 25 pips above/below the entry bar, if we work on the TF H4.
- Exit from the trade is carried out when the Joker Filter indicator has changed its color to the opposite. Another option: a fixed take profit at a rate of 1:2.
According to ForTrader.org experts, Trading Magnum 300 Pips A Week Trend Trading Strategy - effective combination of indicators, which will bring profit in short-term trading and is available even to beginners traders.
Download template and indicators
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