How To Find Perfect Entry Point | Forex Metatrader 4 Trading Setup

Description

Trading Rules:
1. Platform – Metatrader 4
2. Asset – Any Currency Pair
3. Candle Timeframe – 15 Min To 4 Hr
4. Trading Time – European Session & New York Session
5. We will take trade only trend following signals. Therefore, we will take buy trade when the price is in an uptrend and we will take sell trade when price is in a downtrend.

6. SELL Trade Rules
All moving averages slope downward in this chart, the moving averages both line crossover with each other, yellow line is below and blue line has made a position upper side, and is continuously going downwards, but downwards While leaving, the gap between the yellow and blue lines is also
increasing continuously. And after the crossover of the moving averages, the candle is also appearing towards the lower side of the moving averages.

The trend channel indicator is also on the lower side of the moving average and its slope is also downward.

And candle bars are also being made in red color on the trend momentum indicator below.

In such a situation if you get sell signals from the indicator then the perfect entry should be between the trend channel top line and the middle line of the signal candle.

7. BUY Trade Rules
Exactly opposite of sell trade.

8. Stop Loss
Stop loss will be on the top line of the trend channel.

9. Exit Rules
The first take profit will be on the middle line of the trend channel and the second take profit will be at the bottom line of the trend channel indicator.