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.
Trade Day – it shows the maximum and minimum prices for the day and sign the name of the trading days of the week.
_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.
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.
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:
August 16, 2019
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