Today I would like to present you the Forex Signal 30 – a very good forex trading strategy. It is much liked and appreciated by traders because it not only generates clear buying and selling signals but also for giving clear hints when to close the trades.
The Forex Signal 30 system is based on three indicators: Forex Signal 30 Extreme, Signal 2 and Stochastic. It can be traded on M30 to 4H timeframes, however it is recommended to trade at 4-hour timeframe.
How to trade with Forex Signal 30?
Now, let’s take a look on the trading rules of this strategy.
- Open long order (buy trade) with Forex Signal 30 when below conditions are met:
- The candles must touch the lower band – pink channel. (This rule can be ignored, but the trade will be much more risky and high possibility to hit SL!).
- A blue arrow appears below the candles.
- Stochastic is below 20 level (oversold).
- The ForexSignal30 Extreme changes direction and now is pointing upwards (changes the color from red to yellow).
- Place your stop loss just below the recent swing low.
- Take your profit at the opposite (upper) band – pink channel.
- Open short order (sell trade) with Forex Signal 30 when below conditions are met:
- The candles must touch the upper band – pink channel. (This rule can be ignored, but the trade will be much more risky and high possibility to hit SL!).
- A red arrow appears above the candles.
- Stochastic is below 80 level (overbought).
- The ForexSignal30 Extreme changes direction and now is pointing downwards (changes the color from yellow to red).
- Place your stop loss just below the recent swing high.
- Take your profit at the opposite (lower) band – pink channel.
Metatraders Indicators of Forex Signal 30 included:
- # forexsignal30(extreme).tpl
How to install this system on your Metatrader 4 / 5 trading plaftform?
- Download the system by clicking “LINK” button at the bottom of this post.
- Copy and paste the ForexSignal30 indicator files into following folder of your Metatrader 4 platform: MQL4 > Indicators.
- You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
- Copy and paste the template files into following folder of your Metatrader 4 platform: > Templates.
- Restart your Metatrader 4 Client.
- Select Chart and Timeframe where you want to run the strategy.
- Right click on your trading chart and hover mouse pointer on “Template”.
- From the list choose Forex Signal 30 Trading System. Your Metatrader will now automatically load the system.
- The system is ready and running on the chart.
ForexSignal30 Trading System free download:
To download the Forex Signal 30 Trading System for Metatrader 4 (MT4) for free just click the button below: