MA Candles trend strategy is based on the two moving averages and Ma Candle channel (price action indicator).
Metatrader Indicators :
- Simple Moving Average (233, Close) GOLD
- Simple Moving Average (56, Close) White
- StochHistogram (14, 3, 3)
- MA Candles Channel (9, 34) price action indicator
- Chart Timeframe : 30 Minute or higher timeframe.
- Currency Pairs : Any Pairs.
Long Position Entry :
1. Green candle (MA Candles Channel indicator) is above the upper56 channel and above the 233 upper channel.
2. Stochastic histogram green candle.
Short Position Entry :
1. Red candle (MA Candles Channel indicator) below the lower 56 channel and below the 233 lower channel.
2. Stochastic histogram red candle.
Exit Rules :
- Profit Option : 1 : 1.2 ratio.
- Stop Loss Option : at 20 pips.
How to install Files?
- Download *.zip file.
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader
- Select Chart and Timeframe where you want to test your forex strategy
- Right click on your trading chart and hover on “Template”
- Move right to select Template
- You will see Trading System
strategy is available on your Chart