Forex Trading System X – EMA, MACD MFT, BBands and RSI based Forex Strategy
First, you will copy all needed files of Forex Trading System X and then run MT4. Next, you will open any major pair that you wish to trade like GBP/USD or EUR/USD and so on. Then, you will have to set time frame of chart to 30 minutes. Now, you will apply the given template. As you will do this, you will find a chart such as this:
Forex Trading System X – EMA, MACD MFT, BBands and RSI based Forex Strategy
This trading looks little baffling when you find so many indicators on trading chart. However, the fun part is, this strategy is actually very simple. A trader can go for 25 pips S/L as well as 25 pips T/P orders here. If you find yourself in a good profitable trading position, opt for partial closing & let the remaining part run with 15 pip stop.
Rules of Forex Trading System X:
Buy only if every indicator turns blue while price candle takes green color
Sell only if every indicator turns red while price candle takes purple color
This chart here will enable you to get a fair understanding of the entire process.
As I mentioned previously, this strategy is just a breeze. There’re many other vital stuff on charts. You must use them diligently. A trader here can even set his/her S/L and T/P targets as per resistance and support levels. Just check out beforehand market hours. It’s a handy template.
Download Include:
- EJ_CandleTime.ex4
- EMA Crossover Signal.ex4
- FerruFx_Multi_info+_light_chart_v1.1.ex4
- FLATTRAND_w_MACD_mtf.ex4
- RSI div.ex4
- trading-system-x.tpl
- Bar Trend.ex4
- BBands_Stop_v1_BAR.ex4
- Clock v1_2.ex4
- DailyData.ex4
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Related Article: Trading Made Simple Forex Strategy – Powered by TDI Indicator
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