Greed is one of the main reasons why traders lose money trading the forex market. Many new traders are lured to trade the forex market because of the huge returns that they see other traders get. Traders often want to strike it big right away. Dus, traders would often aim for the stars when trading the forex market. They would try to earn huge returns with the least amount of risk. Vaak, traders aim for impossible targets. This would often make what should have been winning trades to turn into losing trades. This is probably one of the most painful scenarios when trading the forex market.
Echter, in tegenstelling tot wat vaak wordt gedacht, trading is not a get rich quick scheme. In plaats daarvan, it is a daily grind. Traders have to slowly but surely grow their accounts little by little. Instead of aiming for impossible targets, it is sometimes best just to allow the market to tell you what it wants to give you. Instead of holding on to a trade hoping that price would go further in a certain direction, traders should have a means to identify earlier if the market is about to reverse against their positions. Traders who could mechanically enter and exit the market based on a logical condition can earn consistent profits from the forex market.
Candles Stop
Candle Stop is a custom momentum technical indicator which is a variation of a channel type of indicator.
This indicator plots to dashed lines which follow the movement of price action. These lines are plotted based on a historical movement of price extremes. The lines are basically the highest and lowest points of price action within a set period and is shifted to the right. This creates a channel like structure which would mark extreme price movement levels.
The dashed lines can be used as a volatility indicator. Given that the lines are based on price extremes, traders can now easily visualize if price action is contracting or expanding. The lines contract as market volatility contracts and expands as market volatility expands.
The lines could also be used as a basis for momentum breakouts. A strong momentum candle breaking outside of the channel could indicate that the market is breaking out of a market contraction phase and may start to trend. These setups can be used by traders who trade momentum strategies.
The lines could also be used as a stop loss basis or a trailing stop loss marker. Given that the lines are based on price extremes, traders can place stop losses on the line opposite to the direction of their trade.
Rijden
Drive is a custom technical indicator which is part of the oscillator family of technical indicators. It identifies and indicates momentum based on two oscillating lines.
Deze indicator zet twee lijnen, one line is green, and the other line is red. Trend direction or momentum is identified based on how the two lines overlap.
The market is said to be bullish whenever the green line is above the red line, and bearish whenever the green line is below the red line.
This indicator can be used as a momentum filter indicator, preventing traders to trade against the direction of the current market momentum. It can also be used as an entry signal provided that it is in confluence with other complementary trading signals.
Handelsstrategie
Momentum Drive Forex Trading Strategy is a simple momentum trading strategy based on two complementary technical indicators.
Eerste, we should identify a market that has just started to reverse and is beginning a new trend. This is identified based on the characteristics of price action, as well as price action crossing over the 50-period Exponential Moving Average (EMA) Lijn.
dan, we wait for price action to confirm the new trend based on its retracement back towards the direction of the 50 EMA lijn, followed by a price rejection with strong momentum.
The retracement can be identified based on price closing within the area of the Candle Stop lines.
This should then be followed by a strong momentum candle closing outside of the Candle Stop lines towards the direction of the new trend.
This momentum breakout setup should then be confirmed by the Drive indicator. The confirmation is based on how the green and red lines overlap, which should agree with the trend direction of price action and the 50 EMA lijn.
Indicatoren:
- CandleStop
- 50 EMA
- Rijden
Voorkeurstijdkaders: 15-Minuut, 30-Minuut, 1-uur- en 4-uursdiagrammen
Valutaparen: FX majors, minderjarigen en kruisen
Trading Sessions: Tokyo, Sessies in Londen en New York
Trade Setup kopen
Post
- Prijsactie moet boven de 50 EMA lijn.
- De 50 EMA line should start to slope up.
- Price action should retrace back to the area between the two lines of the Candle Stop indicator.
- A strong bullish momentum candle should close above the magenta line of the Candle Stop indicator.
- The green line of the Drive indicator should be above the red line.
- Voer een kooporder in op de bevestiging van deze voorwaarden.
Stop Loss
- Zet de stop loss bijgaand kaars.
Afsluiten
- Close the trade as soon as the green line of the Drive indicator crosses below the red line.
Handelsinstellingen verkopen
Post
- Prijsactie moet onder de 50 EMA lijn.
- De 50 EMA line should start to slope down.
- Price action should retrace back to the area between the two lines of the Candle Stop indicator.
- A strong bearish momentum candle should close below the lime line of the Candle Stop indicator.
- The green line of the Drive indicator should be below the red line.
- Een verkooporder invoeren op de bevestiging van deze voorwaarden.
Stop Loss
- Zet de stop loss boven de ingang kaars.
Afsluiten
- Close the trade as soon as the green line of the Drive indicator crosses above the red line.
Conclusie
This is a new type of momentum breakout strategy which is based on the Candle Stop indicator.
Much like with other momentum breakout trading strategies that incorporate band-based indicators, this indicator also works well because it identifies market contractions and expansions.
Echter, this strategy is geared towards shorter-term trends. It trades with the direction of the new trend while trading on breakouts.
Bij het handelen in deze strategie, it is also best to take note of price breaking beyond the previous minor swing point. This ensures that the previous support or resistance level was broken.
Forex Trading Strategies Installatie-instructies
Momentum Drive Forex Trading Strategy is a combination of Metatrader 4 (MT4 MT4) Indicator(S) en sjabloon.
De essentie van deze forex strategie is het transformeren van de geaccumuleerde geschiedenis gegevens en trading signalen.
Momentum Drive Forex Trading Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Op basis van deze informatie, handelaren kunnen verdere prijsbeweging aannemen en deze strategie dienovereenkomstig aanpassen.
Aanbevolen Forex MetaTrader 4 Handelsplatform
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How to install Momentum Drive Forex Trading Strategy?
- Download Momentum Drive Forex Trading Strategy.zip
- *Kopieer mq4- en ex4-bestanden naar uw Metatrader Directory / Deskundigen / Indicatoren /
- TPL-bestand kopiëren (Sjabloon) naar uw Metatrader Directory / Sjablonen /
- Uw Metatrader-client starten of opnieuw starten
- Selecteer Grafiek en tijdschema waar u uw forex-strategie wilt testen
- Klik met de rechtermuisknop op uw handelsgrafiek en zweef op “Sjabloon”
- Move right to select Momentum Drive Forex Trading Strategy
- You will see Momentum Drive Forex Trading Strategy is available on your Chart
*Opmerking: Niet alle forex strategieën worden geleverd met mq4/ex4 bestanden. Sommige sjablonen zijn al geïntegreerd met de MT4 Indicators van het MetaTrader Platform.
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