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.
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