Introduction to the Forex Entry Points Trading System
The Forex Entry Points Trading System utilizes swing trading strategy.
It uses zig-zag, buy/sell arrows, trend filter based on RSI, and colorful candlesticks.
This system fits all kinds of timeframes and currency pairs.
How does it work? How to apply in trading?
Trading Rules Explanation
Open long trade when the following conditions are met:
- the Zig Zag recognizes the most recent low swing point
- the filter displays bluish bars
- candlestick turns lime green
- an upward arrow appears
- the Zig Zag recognizes the most recent high swing point
- the filter displays orange bars
- candlestick turns orange
- an downward arrow appears
- Entry Points Trading System.tpl
Open sell trade when the following conditions are met:
Exit Trade / Take Profit
Exit a trade, when the zigzag recognizes a new extreme, or an opposite arrow appears, or use your own method for trade exit.
As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
How to set up the Trend Pullback Solution Forex Trading System in MT4?
Copy and paste indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, that goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Similarly, copy and paste template file to the Templates folder.
Now, right-click on the chart, hover over Templates. You will have displayed a list of available systems, left-click template name you want to run.
The Forex Entry Points Trading System is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions.
Forex Entry Points Trading System Free Download
To download the Forex Entry Points Trading System for Metatrader 4 (MT4) for free just click the button below: