Forex RSI With Trend Manager Strategy Indicator MT4
Salepage : Forex RSI With Trend Manager Strategy Indicator MT4
Archive : Forex RSI With Trend Manager Strategy Indicator MT4 Digital Download
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Product Information
A slow trend-momentum trading system based on RSI and the Trend Manager Strategy.
This method performs well on time periods of 15M – 30M – 1H and 4H. Any currency pair is acceptable.
The rules are straightforward and simple.
SIGNAL TO BUY:
BLUE LINES BELOW THE CANDLES + BLUE BARS ON THE DISTINCT WINDOW INDICATOR
When you observe a blue line and a blue bar, it indicates that the current trend is upward. Create a “purchase” order.
Stop loss can be a predetermined figure, such as 50 pips for the 1H chart and 75 pips for the 4H chart.
Stop losses might also be based on levels of support and resistance.
BUY SIGNAL:
RED LINES BELOW THE CANDLES + RED BARS IN THE DIFFERENT WINDOW INDICATOR
Goals can be based on:
1 – Each deal has a fixed number. For example, 65 pips on the 1H chart and 95 pips on the 4H chart.
2 – The inverse signal. For example, if your current open trade is a sell trade, close it when you receive a buy signal.
3 – Support and resistance levels, pivot points, and Fibonacci levels can also be used.
This system, like every other trading technique, is not the holy grail. That implies you will lose trades!
There are several ways you may employ to keep your account secure…
1 – Employ a trailing (moving) stop loss.
2 – Always apply money management techniques.
Never, for example, trade with a stop loss that is more than your aim. When important economic news is announced, never trade. Never trade with “frightening/crazy” lot sizes!
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