Trending trading strategy Xard 48
Trending trading strategy Xard 48 - is an impulse system that uses levels to determine entry points into the market support и resistance with filtering by Stochastic and CCI indicators.
In addition to classic trend trading, the Xard 48 strategy can be used for scalping and daytrading.
Input parameters
- Currency pairs: any (for scalping - with low spread)
- Timeframe: M5 and older
- Bidding time: any
- Risk management: Choose one lot sizeto risk no more than 2-5% of the deposit per transaction
Used indicators
- SymbolChanger
- Power Meter
- Xard FX 48
- CCI Trend
- Stochastic oscillator
Setting indicators and system template
- Unpack the archive with templates and indicators
- Copy the indicators to the folder MQL4 -> indicators
- Copy the templates into the templates folder
- Restarting the terminal
- Open the chart of the desired currency pair
- Install a template named Xard 48
The schedule should look like this:
Signals indicating the opening of a buy position
- the price has pushed up from the support level (for the M5 and M15 TF the level is green, for the M30 and older TF the level is blue);
- the price on the chart is in the blue zone;
- a green up arrow appears;
- Stochastic and CCI indicators are above zero level.
Signals indicating the opening of a sell position
- the price pushed down from the resistance level (for the TF M5 and M15 - the level of yellow, for the TF M30 and above - the level of pink);
- the price on the chart is in the red zone;
- a red up arrow appears;
- Stochastic and CCI indicators are below zero level.
Setting Stop Loss and Take Profit
- stop loss is set above/below the previous local maximum or minimum;
- Take Profit is set near one of the Murray levels. It is recommended to close the position when the arrow appears in the opposite direction.
Before using Xard 48 trend trading strategy on a real deposit, we recommend that you test it on demo account.
Download Xard 48 Strategy Template and Indicators
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