MA Candles trend strategy

Trading Strategies 0 511


Summary : 

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

 

Trading Conditions

- 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

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