The FT foreign exchange signals trading strategy is a forex scalping technique that allow forex traders gain from a diverse range of assets in the currency market. The technique incorporates two simple and easy to utilize trading indicators in providing accurate signals.
Features
1. Forex trend signalv1.ex4 with default settings and forex mt4 trend indicator.ex4 are the only MetaTrader 4 indicators utilized in this trading strategy.
2. The recommended time frame for trading with this technique is one minute or five minutes.
3. Applicable on any endorsed trading sessions.
4. The recommended currency pairs for utilizing the strategy is fx bypass pairs or main currencies.
Purchase Trade Instance
Purchase Rule
Position a purchase order if the following chart arrangements are observed:
1. Observe for lime colored vertical candlesticks within the forex trend signalv1 custom indicator window, as it indicates a purchase in the market for instrument in target.
2. If the forex mt4 trend indicator with custom indicator creates a blue ascending pointing arrow forth with candle like bodies beneath price candlesticks, it indicates an upward price pressure. Thus, a bullish signal.
Position your stop-loss between five to fifteen pips beneath entry price.
Take-Gain for Purchase Rule
Position a take-gain or an exit if the following conditions are observed:
1. If the lime colored vertical candlesticks of the forex trend signalv1 with custom indicator changes yellow, it’s a sign of a range bound market, which would lead to a potential breakout, as such it’s convenient to exit on positions.
2. Observe the forex mt4 indicator with custom indicator for red downward displaying arrow forth with candle like bodies in line higher up price candlesticks, this is a sign that price is moving downwards.
Auction Entry Rules
Position an auction order if the following conditions are observed:
1. If the fx trend signalv1 with custom indicator creates red vertical candlesticks within its window, it is a sign for an auction in the market.
2. If the fx mt4 trend indicator with custom indicator creates a red downward displaying arrow forth with candle like bodies in line higher up price candlesticks, it’s a sign of downward pressure signal. Thus, an auction signal.
Position your stop-loss between five to fifteen pips higher up the entry price.
Take-Gain for an Auction Entry
Position a take-gain or an exit if the following chart arrangements are observed:
1. If the fx trend signalv1 with custom indicator red vertical candlesticks changes yellow, then it will be convenient to position a take-gain or an exit.
2. Refer to the figure below, during an active bearish trend, if the fx mt4 trend indicator with custom indicator creates a blue upward displaying arrow and candle like bodies beneath the price candlesticks, then it will be fine to position a take-gain or an exit.
Utilize this strategy at your own risk. WindsorForex.com cannot be responsible for any losses associated with utilizing any strategy presented on the site. It’s not recommended to utilize this strategy on the real account without testing it on demo first.
