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Forex Auto Trend Support Resistance Trading Strategy

Forex Auto Trend Support Resistance Trading Strategy

Forex Auto Trend Support Resistance Trading Strategy

This Trading System is trend following. The trend is determined by autotrend channel.

Time Frame 30 min or higher.

Currenci pairs: any.

Forex Indicators:

Spud Stochastic: ( composed by 19 Stochastic indicators);

Autrend Channel (setting 30 min , 60 min: 24 hours- 240 min 60 hours- daily 336 hours) (This setting is the heart of the trading system: the secret);

Fib Pivot 3 (only for intraday trading wit time frame 30 min and 60 min).

Swing Arrow.

Rules for: Autotrend Channel Trading System

Buy

AutoTrend Channel in up trend;

lines Spud Stochastics > 50 or 76

Long entry position at the open next bar after a buy swing arrow.

Sell

AutoTrend Channel in down trend;

lines blue Stochastics indicators

Short entry position at the open next bar after a sell swing arrow.

Exit position:

At the oppoosite arrow.

Intraday Trading Fibo pivot is the good Profit Target.

25-30 pips profit targrt

Swing Tradind Profit Target Predetermined by time frame and currency pairs.

Ratio 1.3 Stop loss.

Initial Stop loss on the previous swing:

for intraday trading after 18 pips in gain move stop loss at the entry price;

for swing trading after ratio 1:1 move stop loss at the entry price.

Download Free Forex Auto Trend Support Resistance Trading Strategy

The post Forex Auto Trend Support Resistance Trading Strategy appeared first on Forexobroker.



This post first appeared on Forexobroker – Download Our Forex Strategies And, please read the originial post: here

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