Forex Firebrand Strategy

Forex Firebrand strategy is a trend following forex system based on Step

MA indicator.

Time frame 1 min or higher.

Currency pair major and minor.

Metatrader 4 Indicators

Firebrand alias Step MA Mt4 indicator.

Currency Strength Analizer

System Rules

Long Entry

The long signal occurs when Forex Firebrand indicator cyan arrow appear and is followed with cyan line. Stoploss below cyan dot line.

It is advisable to trade currency pairs with a high positive score.

Short Entry

The short signal occurs when Forex Firebrand indicator pink arrow appear and is followed with pink line. Stoploss babove pink dot line.

It is advisable to trade currency pairs with a high negative score.

Exit trade

When Forex Firebrand forms against your trade direction or predetermined profit target with ratio Stop loss 1:1.2.

Indicator installation.

Open MT4 platform. Click: File/Open Data Folder.

Inside click: MQL4/Indicators – and paste indicator.

Paste template to Templates folder.

After finished restart you MT4 platform for changes to apply.

In the pictures examples of trades with Forex Firebrand Strategy.