Forex Price action strategy is a combination of Zeron Indicator & SSRC Indicator.
This is a non-repaint forex Template. use for higher time frames. The best Currency pairs are EURUSD, GBPUSD, NZDUSD, AUDUSD.Don’t trade JPY currency pairs with this Template.
How to trade Forex Price action strategy
Read Forex market news, before you enter the trade, Be careful with high impact news, Otherwise, you will fail with your trade. That is the most important. Because after releasing high impact news can be changed suddenly market direction. At that time will increase market volatility. It depends on the current decision of forex market news. Don’t enter to trade before 30m of high-impact news. Enter to trade after 30m of high-impact news.
Always keep in mind to follow good money management. This will help to minimize your losses & grow your forex trading account. If you trading without money management you will happen to invest money always to keep your account safe.
In this picture GBP USD, H4 time frame. There are 277 profit pips. Zeron Indicator has change settings. Didn’t change settings of SSRC.With this combination, you can enter trade-in good confident. You can use currency strength as support to enter the trade. If GBP goes strong & USD goes weak you can get GBP USD to buy trade. If GBP goes weak & USD goes strong you can enter to GBP USD sell.
Settings of the SSRC indicator as follows. You can change settings as you wish.
Time Frame current
Rank 21
Price to use Typical
Ma smoothing period 5
Moving average smoothing method Liner weighted MA
Upper level 0.75
lower level -0.75
Interpolate in mtf mode true
Buy
Zeron indicator is above 0 line (AUDUSD, GBPUSD, EURUSD)
Zeron indicator is below 0 line (NZDUSD)
SSRC Smoothed is a Pink thinner line.
Sell
Zeron indicator is below 0 line (AUDUSD, GBPUSD, EURUSD)
Zeron indicator is above 0 line (NZDUSD)
SSRC Smoothed is a Green thinner line.
Exit
opposite signal or as you wish.
TP
2:1 Risk Reward Ratio or Opposite signal
SL
Use 30 pips from your entry point.
