Forex Alpha Trader Trading Strategy is combined with several mt4 indicators and template. This strategy has been specially developed for intraday and long term traders who can transform the information provided by the strategy into successful trading setups.
Forex Alpha Trader Trading Strategy aims smooth entry and exit and more relaxing trade run rather than scalping strategies. Thus, it saves your time and allows you to a little more freedom out of your trading desk
Forex Alpha Trader Trading Strategy works in any currency pair but suitable at H4 to higher timeframe charts and facilitates the traders so independently that you really don’t need to add extra tools to make it more sophisticated.
After the proper installation of Forex Alpha Trader Trading Strategy at your mt4 platform, you’ll find your chart as below:
Forex Alpha Trader Trading Strategy Overview:
- Gann Hi Low Activator: This indicator appears at the main chart window as dotted line. It works as like as a moving average. Price above this line expresses bullishness and below signals bearish momentum.
- RSI Histo Alert 1: This indicator is combined with Relative Strength Index (10 day Period) and a Moving Average (50 day period). It works as a trend strength meter and also signals market bullish/bearishness according to price action history.
- RSI Histo Alert 2: Its mechanism is almost same as RSI Histo Alert 1. But it works on much longer period of market history. RSI is set to 60 day and MA at 300 day period market reading. Thus, RSI Histo Alert 2 is less vulnerable and more reliable then RSI Histo Alert 1.
Generally Accepted Use:
- Price should be above the Gann Hi Low Activator line
- Both RSI Histo 1 and 2 should be above the zero level
- Set SL below the low of the signaling bar
- Take Profit when price gets below the Gann Hi Low activator line and at least one of the RSI Histo Alert turns below the zero level
- Price should be below the Gann Hi Low Activator line
- Both RSI Histo 1 and 2 should be below the zero level
- Set SL above the high of the signaling bar
- Take Profit when price gets above the Gann Hi Low activator line and at least one of the RSI Histo Alert turns above the zero level
Download Free Forex Alpha Trader Trading Strategy
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