Power Arrow with Megatrend Trading System
Watch the testing video here:
Power Arrow with Megatrend Trading System how to install.
After downloading your files. Copy the indicators ( ex4 files ) to :
Windows/Program files/Metatrader4/Experts/Indicators
Then copy the template ( tpl file ) to :
Windows/Program files/Metatrader4/Templates
Restart metatrader and open 1 hour chart – any currency pair. right click on chart and choose:
Templates >> Forex Power Arrow with Megatrend
Time Frame H1
Currency Pair any:
Metatrader Indicators:
FB SR indicator ( Fibonacci support and Resistance);
Power Arrow,
Megatrend Indicator,
RSI filter (14).
Trading rules Power Arrow with Megatrend Trading System
BUY SIGNAL…
1 – Blue MegatrendTrend Line
2 – Blue RSI Bar
3 – Blue Power Arrow
SELL SIGNAL…
1 – Red MegaTrend Line
2 – Red RSI Bar
3 – Red Power Arrow
Stop Loss: Last Arrow Level ( entry arrow )
Target : Opposite Signal
For Targets, you can also use Fixed number of pips per trade or you can use support and
resistance levels or Fibonacci levels.
You can use this indicator for target areas.
Upper red area = Buy targets
Lower Blue area = Sell targets
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Power Arrow Megatrend Swing Trading Strategy?
- Download Forex Power Arrow Megatrend Swing Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
