Set & Forget Forex Support and Resistance Strategy









This is a strategy that works on any currency and uses price action in trading. This works best on a 4 hours timeframe.

Forex Indicators:

Trade Day – it shows the maximum and minimum prices for the day and sign the name of the trading days of the week.

Settings:

  • _color2 = Gainsboro; – color lines
  • limit = 30 – number of daily bars displayed
  • Sho_bars = true; – skip the line daily bars
  • Gann square sq9 indicator: setting andle up 25, angle down 25.

Long Entry:

  • If the last bar of the day close above the Gainsboro line, place a pending order on the above next resistance of the Gann square indicator.

Short Entry:

  • If the last bar of the day close below the Gainsboro line, place a pending order on the below next support of the Gann Square indicator.
Stop loss 2 pips below or above the last 4 hour bar of the previous day.
Profit target 10 pips.

How to install Set & Forget Forex Support and Resistance Strategy?


  • Download Set & Forget Forex Support and Resistance 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
  • Right click on your trading chart and hover on “Template”
  • Move right to select Set & Forget Forex Support and Resistance Strategy
  • You will see Set & Forget Forex Support and Resistance Strategy is available on your Chart

Click here below to download:



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