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Editor'S Choice - 2019

Forex Driver Strategy - The Pursuit of Profit

The topic of today's video is strategy Forex Driver. It is intended for trading on Renko charts, a clearer picture of what is happening on the market cleared of noise. And in combination with specially designed indicators specifically for Renko charts, we get a powerful system that gives a large percentage of profitable transactions.

Strategy Characteristics

Platform: Metatrader 4
Currency pairs: any trend
Timeframe: does not matter
Hours: European Session and Beginning of American
Recommended broker: Alpari


For the correct operation of the TS, the M1 chart with the adviser is NOT CLOSED.

System Rules

Purchases

  • Trendlines indicator blue
  • There is a green diamond from FR Signals
  • FR Trend indicator turns blue
  • All FR Scanner indicators show a trend up

Sales

  • Trendlines indicator red
  • There is an orange diamond from FR Signals
  • FR Trend indicator changes to orange
  • All FR Scanner indicators show a downward trend

Entry and exit from a position

  • We enter pending orders just above / below the indicator lines: Trendlines / Breakout / Retracement / Support & Resistance.
  • We exit after the appearance of the FR Signals indicator point opposite our position, in combination with the change of the FR Trend indicator. Only AFTER CLOSING THE CANDLE, on which the indicator has changed.

Stop loss

  • We set the stop loss just above / below the nearest line of one of the indicators: Trendlines / Breakout / Retracement / Sup & Res
  • Or by 50 points, in the absence of the ability to use the lines of the above indicators

Reference material


Download Forex Driver Strategy Files

Alternative indicator for building Renko candles

Important! Nuances of installation in the new Metatrader 4 builds

Watch the video: Episode 60: Interview with Navin Prithyani - Forex Trading Journey (November 2019).

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