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The good judgment of the gadget is easy: while the rate bounces or breaks via the first TMA lines, it method that the rate is prepared for a reversal, so that you need to observe the arrows inside the new path.
The Follow The Money fashion trading strategy is a fashion system that uses dynamic aid and resistance ranges.
The logic of the system is simple: whilst the price bounces or breaks through the first TMA traces, it way that the price is prepared for a reversal, so you want to observe the arrows in the new course. For options trading signals, , if the charge went down and broke through the primary green TMA, we await the formation of a buy arrow generated through the volatility bands, and comply with it.
Input parameters
Currency pairs: any
Timeframe: M30 and H1
Trading hours: any time
Risk control: select such a lot length that the risk isn't any greater than 2-5% of the deposit in keeping with change
Indicators used
Xard
Jurik Volty bands (34)
SM Lazi TMA Bands
Installing indicators and a gadget template
Unpack the archive with templates and signs
Copy the indicators to the MQL4 folder -> signs>
Copy the templates to the templates folder
Restarting the terminal
Opening the chart of the preferred currency pair
Install a template named Follow The Money
The graph need to appear like this:
Follow The Money Trend Trading Strategy
Follow The Money Trading Strategy Template
Signals indicating the opening of a buy role
the rate bounces off the solid green TMA line or breaks it from the lowest up.
a buy arrow appears.
Follow The Money Trend Trading Strategy
Example of coming into a buy transaction
Signals indicating the hole of a promote position
the price bounces off the solid crimson TMA line or breaks thru it from pinnacle to backside.
there is an arrow for sale.
Follow The Money Trend Trading Strategy
Example of getting into a sale transaction
Setting forestall loss and take profit
prevent loss is about above/underneath the previous local excessive/low.
take profit is about at a ratio of one.25: 1 to prevent loss or at one of the TMA lines.
Before using the Follow The Money trend trading approach on a stay deposit, we advocate trying out it on a demo account.
Homepage: https://blog.vfxalert.com/en/t/simple-strategy-follow-the-money?utm_source=guestpostrx
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