Trending Strategy FX King System

Trending Strategy FX King System - is a trading system based on the interaction of indicators TDI, MACD, RSI and moving averages. The FX King System is designed so that it can be used not only on regular charts, but also on Renco charts.

Input parameters

• Currency pairs: basic
• Timeframe: M15 and older, for the Renko chart the size of the brick is 5 pips or more
• Trading times: London, New York
• Risk management: after calculation stop loss choose such a lot volume that the risk was not more than 2-5% of the deposit on one transaction.

Used indicators

• Reversal Fractls
• Exponential Moving Average (4)
• Exponential Moving Average (5)
• Exponential Moving Average (200)
• Exponential Moving Average (60)
• MACD Candle (2, 5, 20);
• Auto pivot levels;
• Probability Meter (MACD 5,13, 1 - Stochastic 20, 2, 2);
• RSI Filter (period 2 for Renko chart, period 4 for regular chart),
• TDI (RSI 13, Volatility band 34);
• MACD bars (3, 4, 10);
• MACD bars (2, 5, 10).

Setting up the price chart

• Unpack the archive.
• Copy the template into the templates folder
• Copy the indicators to the folder MQL4 -> indicators
• Restarting the terminal
• Open the chart of the desired currency pair
• Install a template named FX King System

The schedule should look like this:

Signals indicating the opening of a long position (buying)

• The price is above moving averages with periods of 60 and 200
• The moving averages are arranged in a fan from top to bottom in ascending order - EMA (4), EMA (5), EMA (60), EMA (200)
• A blue bar was formed on the RSI Filter indicator
• On the TDI indicator the red line is above the green and yellow lines
• The MACD Candle indicator has colored the candle on the chart blue
• Green bars are formed on both MACD indicators
• Optional: Probability meter is between 55-90

Signals indicating the opening of a short position (sale)

• Price is below the moving averages with periods of 60 and 200
• The moving averages are arranged in a fan from top to bottom in descending order - EMA (200), EMA (60), EMA (5), EMA (4)
• A red bar was formed on the RSI Filter indicator
• On the TDI indicator the red line is below the green and yellow lines
• The MACD Candle indicator has colored the candle on the chart red
• Red bars are formed on both MACD indicators
• Optional: Probability meter is between 10-55

Exit from the deal

There are two ways out of the deal:

• When moving averages EMA (4) and EMA (5) cross in the opposite direction
• When the price reaches one of the Pivot levels

FX King System trading strategy - This is a great example of classic trend trading using indicators. It uses the well-known combination of a trend indicator + oscillatorwhich has long been a kind of template for trend-following strategies.

An additional "plus" of the strategy is the possibility of its application on Renko charts, which will positively affect its profitability.

To avoid losses, we strongly recommend not only to be guided by indicator readings, but to open transactions exclusively in the direction of the current trend.

Download FX King System trading strategy template and indicators

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