Triple Threat Forex Trading Strategy download

A trend-following forex indicator system with just three Moving Averages (MA) is called the “Triple Threat Forex Trading Strategy.” The crossover of each Moving Average (MA), whose period is different for each, serves as a trading signal. Additionally, they aid in determining the dynamic stop level of the trend on the currency market.

All mt4 timeframes and currency pairs are compatible with the triple threat trading strategy for forex. It is displayed right on the primary trade chart. Direct changes to the settings can be made from the input tab. Test out the options and parameters to find the ones that work best for you.

How does the Triple Threat Trading Strategy for Forex work?

Three Moving Average Indicators and a Fractals Indicator make up the Forex Triple Threat Trading Strategy. Here is an explanation in more detail:

This forex indicator method uses three simple moving averages, with periods of 15, 30, and 60 days. Together, these MAs produce crossover entry signals as entrance signals. The 15 moving average must be higher than the 30 moving average in order for there to be a bullish market trend. For a negative market trend, the 60 moving average (MA) must be higher than the 30 MA, and the 30 MA must be higher than the 15 MA. The trailing stop level for the present trend in the forex market can also be defined by the 60 MA level.

Fractals work well for identifying potential swing points in the forex market. We must emphasize, nevertheless, that only some of the fractal signals are accurate, despite how frequently they show up on the chart. For this reason, before you enter a trade, we advise matching the fractal entry signals with the Moving Averages(MA) crosses.

Buy Entry

• 15 MA surpasses 30 MA
• 30 MA surpasses 60 MA.
• Below the candlestick in the present chart, a fractal can be seen.
• When the aforementioned criteria are satisfied, a buy-entry trade is initiated.
• Stop loss (SL) should be set a few pip’s below the 60 MA.
• When the 15 MA crosses below the 30 MA, take profit (TP) or close the trade, or utilize your favorite method of trade exit.

Sell Signal

• 15 MA moves below 30 MA
• 30 MA moves below 60 MA
• A fractal appears above the current candlestick.
• Sell trade is triggered after the above conditions are met.
• Set stop loss a few pips above the 60 MA.
• Take profit or exit trade whenever 15 MA moves above 30 MA, or use your preferred method of trade exit.

As usual, use wise money management to get the best outcomes. 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 at periods when the market is adverse, such as times with low volume or volatility, outside of the main sessions, with unusual MT4 currency pairs, with wider spreads, etc.

Installation Guide

The simple Triple Threat Forex Trading Strategy’s indicator files are provided in the Triple Threat Forex Trading Strategy.zip bundle, which can be downloaded at the bottom of this post. After unzipping it, copy and paste the files into the MetaTrader 4 platform’s MQL folder.

By selecting one of the following choices from the menu, you can access this data folder:

Open Data Folder > MQL4 > Indicators under File.

Additionally, you must copy the provided template file into the templates folder in order to use the Triple Threat Forex Trading Strategy. After selecting Template > Open Templates from the context menu of an MT4 chart, paste the straightforward Triple Threat Forex Trading Strategy.tpl file into the resulting folder to continue. To load the system on your chart, choose the file and click Open.

Bottom Line

You should include the Simple Triple Threat Forex Trading Strategy to your toolbox of trading techniques. Your chances of success will increase with a sound forex strategy. But always remember to set reasonable goals. It cannot always deliver precise entry indications, just like any other technical analysis instrument for the forex market. As a result, this system of forex trading indicators occasionally generates erroneous indications. Additionally, its performance will fluctuate based on circumstances on the forex market.