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Monday, 28 November 2022
Power Arrow with Megatrend Trading System
Power Arrow with Megatrend Trading System

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

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