Swing trading system | Foreign exchange indicator download - MT4/MT5 resources
Hello,
The reason I am publishing this new post is to share some trading tips with other traders and hopefully learn something useful along the way as well. I have been using this swing trading method (my own version) for live trading with some promising results, if you don't believe me try it yourself
Indicators I use:
4 hour timeframe (any pair)
Lupingjin Smoothed Convergence and Divergence Moving Average
Stop loss is placed below the last swing low or below the last swing high
Profit at least 60 pips (I don't want to be greedy) - it's up to you whether you can use a trailing stop or not.
One thing I've noticed about Forex trading is that whatever goes up, eventually it comes down. So the principle is to sell high and buy low.
The transaction setup is as follows:-
purchase
- When the Heikin Ashi color changes from red to white - Heikin Ashi is a good indicator of trend change. Execute your order after the first white bar is completed
-When MACD crosses the zero line upward or when the signal line touches an upward bar
Sell opposite rules apply
The reason I am publishing this new post is to share some trading tips with other traders and hopefully learn something useful along the way as well. I have been using this swing trading method (my own version) for live trading with some promising results, if you don't believe me try it yourself
Indicators I use:
4 hour timeframe (any pair)
Lupingjin Smoothed Convergence and Divergence Moving Average
Stop loss is placed below the last swing low or below the last swing high
Profit at least 60 pips (I don't want to be greedy) - it's up to you whether you can use a trailing stop or not.
One thing I've noticed about Forex trading is that whatever goes up, eventually it comes down. So the principle is to sell high and buy low.
The transaction setup is as follows:-
purchase
- When the Heikin Ashi color changes from red to white - Heikin Ashi is a good indicator of trend change. Execute your order after the first white bar is completed
-When MACD crosses the zero line upward or when the signal line touches an upward bar
Sell opposite rules apply
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