Autotrend Channel Forex Support and Resistance
Table of Contents
- 1 Autotrend Channel Forex Support and Resistance
This Trading System is trend following. and is determined by autotrend channel. Use this system on a 30 minute tomeframe or higher.
This is applicable to any currency pairs.
- Spud Stochastic: ( composed by 19 Stochastic indicators);
- Autrend Channel (setting 30 min , 60 min: 24 hours- 240 min 60 hours- daily 336 hours) (This setting is the heart of the trading system: the secret);
- Fib Pivot 3 (only for intraday trading wit time frame 30 min and 60 min).
- Swing Arrow.
- AutoTrend Channel in up trend.
- lines Spud Stochastics is greater than 50 or 76.
- Open long position at the open next bar after a buy swing arrow.
- AutoTrend Channel in down trend.
- lines blue Stochastics indicators is less than 50 or 23.
- Open short position at the open next bar after a sell swing arrow.
- At the oppoosite arrow.
- Intraday Trading Fibo pivot is the good Profit Target.
- 25-30 pips profit target
- Swing Trading Profit Target Predetermined by time frame and currency pairs.
- Ratio 1.3 Stop loss.
- Initial Stop loss on the previous swing:
- for intraday trading after 18 pips in gain move stop loss at the entry price;
- for swing trading after ratio 1:1 move stop loss at the entry price.
Forex Trading Strategies Installation Instructions
Autotrend Channel Forex Support and Resistance is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
Autotrend Channel Forex Support and Resistance provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
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How to install Autotrend Channel Forex Support and Resistance?
- Download Autotrend Channel Forex Support and Resistance.zip
- *Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- 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 Autotrend Channel Forex Support and Resistance
- You will see Autotrend Channel Forex Support and Resistance is available on your Chart
*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.
Click here below to download: