Forex Stryder Strategy (MT4) - Free Download - Best Forex Strategies

Introduction to the Forex Stryder Strategy

The Forex Stryder Strategy is a trend-following trading system that is based on the Stryder Signal (main signal line) and the Rate of Change (ROC) indicator. That ROC indicator examines the true changes in price actions. Besides defining the market trends, this forex strategy also provides information about the current support and resistance of the market and, most importantly, the best potential entry points for trades marked with buy/sell arrows.

The Forex Stryder Strategy fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart and also in a window placed just below it. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How to trade with the Forex Stryder Strategy?

The Forex Stryder Strategy consists just two indicators, which are the following:

Stryder Signals: this is a core element of the strategy as it defines trend direction. It is just a main trend line and two bands representing the short-term overbought/oversold area of the market. It automatically changes its colors when a change in the trend takes place. Additionally, it plots signals as buy/sell arrows triggering the potential market entries.
Stryder Rate of Change: this indicator watches up to 20 currency pairs and keeps calculating the rate of changes in the instruments. It turns green when there is a positive change (bullish) in the price of the asset and turns red in the case of a negative change (bearish) in its price.

Buy Signal

Follow these steps for a long trade:

Stryder Signal turns blue
An upward arrow is placed
Stryder ROC shows a positive change in price action
Buy trade is triggered after the above conditions are met
Set stop loss a few pips below the triggering arrow
Take profit or exit trade whenever the opposite arrow is plotted or use your own preferred method of trade exit

Sell Signal

Follow these steps for a short trade:

Stryder Signal turns red
An downward arrow is placed
Stryder ROC shows a negative change in price action
Sell trade is triggered after the above conditions are met
Set stop loss a few pips above the triggering arrow
Take profit or exit trade whenever the opposite arrow is plotted or use your own preferred method of 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 Forex Stryder Strategy in MT4?

Installation Guide

Download the Forex Stryder Strategy.rar archive at the bottom of this post, unpack it, then copy and paste the indicators files of the Forex Stryder Strategy into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Furthermore, to run the Forex Stryder Strategy you need to copy the template file into the templates folder. To proceed, right-click on a chart, then Template > Open Templates, and then copy the Forex Stryder Strategy.tpl file into that folder. Now select the file and click Open to load the system on your chart.

Bottom Line

The Forex Stryder Strategy is well worth adding to your trading collection. A good forex strategy will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex trading system provides false signals occasionally. Its performance will vary significantly depending on market conditions.