The Maneuver forex strategy

This is relatively complex forex strategy. It is based on common money making maneuver – test formation. This purposeful move created by market makers, measures the interest of traders in trend continuation. The forex strategy is coupled with free expert advisor that defines formation very well and was tested, with positive results on past historical data. At some settings' variation, strategy produces extremely accurate, low risk/high reward entry.

  Get MT4 Expert Advisor trading this Forex strategy ↴ 

Backtest and optimize for any currency pair. Trade multiple instruments simultaneously, day and night.

Trade automatically, without errors and emotions. Save your time and energy. 

In this forex system, test formation is distinguished by the tick volume, candle size and wick size of test candle. All compared to test reaction candle.  This, together with smart trailing stop loss is making this strategy viable in volatile forex market.

 

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

 

Used tools and forex indicators

 

Moving average convergence divergence histogram (MACD). Two separate MACD (500,250 and 250,100) histograms are used in the calculation. The aim is to confirm that both major and current trend are corresponding. This alone, can improve success rate of any forex strategy tremendously. To modify the settings in expert advisor, adjust slow and fast calculation periods for both MACDs.

 

Test formation: Candle with wick at least 2x (adjust wick multiplier) the size of candle body. The wick is drawn in directio opposing the trend. The candle is immediatelly followed by strong candle in the direction of trend and fully overcoming the test candle (closing beyond its high/low in the direction of main trend).

 

In expert advisor freely provided by www.theforexkings.com test candle is also defined by minimum and maximum size.

 

Advanced trailing Stop loss: It is placed above the test candle high/ below test candle low. Additional distance (30 pips in the test) might be used to achieve better results and modify exposure. It is trailed with each candle close, protecting profits.

 

Forex strategy rules

 

SELL

Both MACD histograms trending below zero. We will consider this situation to be a valid downtrend.

 

Test formation.

Candle with upper wick at least 2x the size of its body. The test candle body must be at least 10 pips tall. It is followed by bearish candle closing below its low (signal candle). Tick volume of signal candle is higher than test candle volume.

We enter the trade short on signal candle close.

 

  • Trailing Stop loss is placed above below candle low - additional distance of 30 pips. It is trailed below each closed candle low.

  • Take profit: 90 pips

 

Buy

Both MACD histograms trending above zero. We will consider this situation to be a valid uptrend.

 

Test formation.

Candle with bottom wick at least 2x the size of its body. The test candle body must be at least 10 pips tall. It is followed by bullish candle closing above its high (signal candle). Tick volume of signal candle is higher than test candle volume.

We enter the trade long on signal candle close.

 

  • Trailing Stop loss is placed above test candle high + additional distance of 30 pips. It is trailed above each closed candle high.

  • Take profit: 90 pips

Get MT4 expert advisor trading this forex strategy

 

 

We recommend you to use this forex strategy with one of our trusted forex brokers

(STP/ECN with MT4 bridge).

To win you must trade with broker on your side.

 

 

Disclaimer:  Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.

Please reload

ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com