FT Forex Signals Trading Strategy

The FT forex signals forex trading strategy is an FX scalping strategy that allows traders profit from a wide range of assets in the currency market. The strategy combines two simple to use trading indictors in delivering accurate signals.

Chart Setup

MetaTrader4 Indicators: Forex_Trend_Signalsv1.ex4 (default setting), forex-mt4-trend-indicator.ex4 (default setting)

Preferred Time Frame(s): 1-Minute, 5-Minutes

Recommended Trading Sessions: Any

Currency Pairs: majors, FX cross pairs

Download

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Buy Trade Example (Click the picture for full size view)

FT-forex-signals-trading-strategy

Fig. 1.0

Strategy

Long Entry Rules

Enter a buy if the following chart or indicator patterns are in display:

  1. Watch for Lime colored vertical bars within the Forex_Trend_Signalsv1 custom indicator window, as it signals a buy in the market for instrument in focus.
  2. If the forex-mt4-trend-indicator custom indicator forms a blue upward pointing arrow along with candle-like bodies below price bars, it suggests an upward price pressure i.e. a bullish signal.

Stop Loss for Buy Entry: Place stop loss ~ 5 – 15 pips below entry price.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit on position(s) if the following conditions or rules are met:

  1. If the lime colored vertical bars of the Forex_Trend_Signalsv1 custom indicator turns yellow, it is indicative of a range bound market, which would give way to a possible breakout, as such it is appropriate to exit on position(s).
  2. Watch the forex-mt4-trend-indicator custom indicator for red downward pointing arrow along with candle-like bodies aligned above price bars, this signals that price is pushing downwards.

Sell Entry Rules

Place a sell order if the following rules or conditions holds true:

  1. If the Forex_Trend_Signalsv1 custom indicator forms red vertical bars within its window, it is indicative of a sell in the market.
  2. If the forex-mt4-trend-indicator custom indicator forms red downward pointing arrows along with candle-like bodies aligned above price bars, it is a signal of downward price pressures i.e. a sell signal.

Stop Loss for Sell Entry: Place stop loss ~ 5 – 15 pips above entry price.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit on position(s) if the following chart or indicator patterns are in display:

  1. If the Forex_Trend_Signalsv1 custom indicator red vertical bars turns yellow, then it will be appropriate to exit or take profit on position(s) entered.
  2. Refer to Fig. 1.1, if during an active bearish trend, the forex-mt4-trend-indicator custom indicator forms a blue upward pointing arrow and candle-like bodies below price bars, then it’ll be okay to exit or take profit appropriately.

FT-forex-signals-trading-system

Fig. 1.1

Free Download

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About The Trading Indicators

The Forex_Trend_Signalsv1.ex4 custom indicator is made up of two moving averages and the CCI MT4 indicator period set at 236.

The green colored vertical bars within the chart window indicates a bullish trend, the red vertical indicates a bearish trend and the yellow bars shows range-bound trend.

Finally, the forex-mt4-trend-indicator.ex4 is a trend indicator just as depicted in its name, with its red arrows signifying a sell, while its blue arrows connotes a buy signal.

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