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A trend-following trading method built on the Stryder entry Signal and the Rate of Change indicator is known as the Stryder Forex Trading Strategy. The ROC forex indicator looks at actual changes in price movements. This forex approach not only identifies trends in the forex market but also current chart support and resistance levels and, most crucially, the best possible chart entry points for trades denoted by buy/sell arrows.
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All types of timeframes and mt4 currency pairs are compatible with the Stryder Forex trading strategy. It is shown in a pane below the main trade chart and right on the chart itself. Direct changes to the default parameters can be made on the input tab. Play around with the settings and parameters to find the ones that suit your tastes.
How to trade
Only two forex indicators make up the Stryder Forex Trading Strategy, and they are as follows:
- Entry by Stryder Signals are a key component of the forex strategy since they indicate the direction of the trend. A major chart trend line and two bands are all that are needed to show where the market is now overbought or oversold. When the trend of the chart changes, it automatically changes colors. It also plots signals as buy/sell arrows that could potentially open new trading positions.
- Stryder Rate of Change: This indicator continuously calculates the rate of change in the instruments while monitoring up to 20 currency pairs. It changes color from green to red depending on whether the price of the asset is rising or falling (bullish or bearish).
Buy Signal
- The Stryder Signal changes to blue.
- There is an arrow pointing up.
- Stryder ROC exhibits an improvement in price action.
- When the aforementioned criteria are satisfied, a buy entry deal is initiated.
- Put your stop loss (SL) in place a few pip’s below the triggering arrow.
- When the opposing arrow is plotted, take a profit or close the transaction, or utilize your preferred method of trade exit.
Sell Signal
- Red appears on Stryder Signal.
- There is an arrow pointing down.
- Stryder ROC displays a negative shift in pricing activity.
- When the aforementioned criteria are satisfied, a sell entry trade is initiated.
- A few pip above the triggering arrow, place your stop loss (SL).
- When the opposing arrow is plotted, take a profit or close the transaction, or utilize your preferred method of trade exit.
Always keep in mind to maximize your forex money management results. You need to master discipline, emotions, and psychology to be a successful trader. Knowing when to trade and when not to is essential. Avoid trading when there are unfavorable market conditions, such as low volume or volatility, trading outside of the main sessions, unusual currency pairs, wider spreads, etc.
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 | No Minimum Deposit ECN Acount No Commission | |
 | Min Deposit of 20$ |
How to set up
The indicators files for the Stryder Forex Trading Strategy can be copied and pasted into the MQL4 folder of the MT4 trading platform once you unzip the Stryder Forex Trading Strategy.zip archive that is available for download at the end of this post.
The top menu options, which are as follows, can be used to reach this folder:
(Paste here) File > Open Data Folder > MQL4 > Indicators.
To use the Stryder Forex Trading Strategy, you must also copy the template file into the templates folder. The Stryder Forex Trading Strategy.tpl file must be copied into that folder by selecting Template > Open Templates from the context menu after right-clicking on a chart. To load the system on your chart, choose the file and click Open.
Bottom Line
It is highly recommended that you include the Forex Stryder Strategy to your toolkit for trading. Your chances of success will increase with a sound forex strategy. But always remember to set reasonable goals. Like every other technical analysis tool, does not always produce correct indications. As a result, this forex trading technique occasionally generates erroneous entry signals. The state of the market will have a huge impact on how it performs.
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