Forex Two points Trading Strategy

Trading Strategies 0 986




Summary : 

Forex Two points Trading Strategy System is a pure price action trend forex strategy.

 

Metatrader Indicators : 

- 2 point indicator;

- Trading Numbers;

- Exponential moving average (200, High)

- Exponential moving average (200, Low)

 

Trading Conditions

 - Chart Timeframe : 4 Hour.

- Currency Pairs : Any pairs.

 

Long Position Entry : 

Point 1 is always the last DOWN peak on the chart as seen above. I call this the retrace value because it is created due to a retrace or consolidation after a move in either direction.

 

Point 2 is the second High created from Point 1 . This is where the pending trades should always be placed.

 

Point 1 is where you decide what to do next. This point is called the retrace value of the current trend. This is where the market gives back some of the gain before continue with the current trend. Knowing how to treat point 1 is very important in trading the 2 points system.

 

Short Position Entry : 

Point 1 is always the last UP peak on the chart as seen below. I call this the retrace value because it is created due to a retrace or consolidation after a move in either direction.

 

Point 2 is the second Low created from Point 1 . This is where the pending trades should always be placed.

 

Point 1 is where you decide what to do next. This point is called the retrace value of the current trend. This is where the market gives back some of the gain before continue with the current trend. Knowing how to treat point 1 is very important in trading the 2 points system.

 

Exit Rules : 

- Stop Loss Option 1 : 50 pips away from the entry

- Stop Loss Option 2 : Above or Below the preview peak

 

How to install Files?

- Download *.zip file.

- Copy Indicators folder to your Metatrader Directory / indicators /

- Copy Template folder to your Metatrader Directory / templates /

- Copy Libraries folder to your Metatrader Directory / Libraries /

- 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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