Forex Stryder Strategy Overview
Download Forex Stryder Strategy and install it on your MT4 terminal. Once completed, you’ll find your chart like the following image:
Forex Stryder Strategy Explanation
Stryder Signals: It is the main trend defining indicator of this strategy. This tool has been equipped with one main trend line and two bands representing the short-term overbought/oversold area of the market. The main trend line automatically changes its colors when there is a change in the trend. For better understanding, it plots signals arrows indicating the possible direction of the upcoming market entries.
Stryder ROC: This indicator closely monitors up to 20 currency pairs and keeps calculating the rate of changes in the instruments for a better understanding of the market trends. This ROC tool is a good filter for any trend signaling indicator. It turns green when there is a positive change in the price of the asset and turns red in case of a negative change in price actions.
Forex Stryder Buy Conditions
Stryder Signals turns blue
The signaling arrow is pointing upwards
Stryder ROC shows a positive change in price action
Buy triggers after the above conditions are met
Set stop loss below the lower band of Stryder Signals
Exit long/take profit whenever the signaling arrow points downwards
Forex Stryder Sell Conditions
Stryder Signals turns red
The signaling arrow is pointing downwards
Stryder ROC shows a negative change in price action
Sell triggers after the above conditions are met
Set stop loss above the upper band of Stryder Signals
Exit short/take profit whenever the signaling arrow points upwards
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