AVQ Development Foreign exchange Buying and selling Technique

Trend following strategies are some of the higher return trading strategies that could also have high probability trades. One of the keys to being successful in implementing trend following strategies is identifying market conditions with appropriate trend strength.

The AVQ Trend Forex Trading Strategy is a strategy that allows traders to easily search for markets and use a few complementary indicators to determine if the market is trending decently.

The AVQ trend indicator

The AVQ trend indicator is a user-defined trend following indicator. It paints bars on the price chart that lie above the candlesticks. These bars are one color when the market is bullish and different when the market is bearish. For this template, we have set the indicator to paint green bars for bullish trends and brown bars for bearish trends.

The AVQ trend indicator is particularly suitable for determining the short-term trend. It hugs the price and allows traders to be very clear about the short-term trend. In addition, the colors are not changed too often. This enables traders to trigger trade entries based on trends without worrying too much if the trend change is only a short duration that can instantly reverse. While not perfect, it works quite well as an entry trigger based on the short term trend reversals.

GG RSI CCI display

The GG-RSI-CCI indicator is a custom MT4 indicator that also works well as a trend following indicator. It is based on the confluence of direction indicated by the RSI and CCI indicators.

This indicator prints bars in its own window, the color of which changes when the trend direction changes. For this template, we've set the colors to green for bullish trends, red for bearish trends, and red for bullish trends when the market is still undecided.

Trading strategy concept

This strategy is a trend following strategy based on the confluence of the custom trend following indicators mentioned above.

The GG-RSI-CCI indicator would be our first trend filter. Whenever this indicator starts printing green bars, we will consider the market bullish, so we will only look for buy trade setups. On the other hand, if the GG-RSI-CCI indicator starts printing red bars, we will consider the market bearish and would only do sell trade setups.

We then take our input trigger based on the custom AVQ trend indicator. We will start trading as soon as the AVQ trend bars change color. In a bullish market, once the AVQ trend indicator starts to print green bars, we will complete a buy trade. If the market is bearish we will complete a sell as soon as the AVQ trend indicator prints a brown bar.

We will then hold on to trading until the market shows signs of slowing trend strength. We will then exit the trade as soon as the market slows down. This is based on the GG-RSI-CCI indicator changing to the color yellow.

Indicators:

  • AVQ_trend
  • GG-RSI-CCI
    • Avg_Period1: 4
    • Avg_Period2: 6
    • Ind_Period: 25
  • Fractals

Time window: 15-minute, 30-minute, 1-hour, 4-hour charts

Currency pair: each major and minor pair plus a few crosses

Trading session: any

Buy (Long) Trade Setup

entry

  • The GG-RSI-CCI indicator should print green bars to indicate that the market is bullish
  • When the AVQ trend indicator prints green bars, place a purchase order

Stop loss

  • Set the stop loss on the fractal below the entry candle

output

  • Once the GG-RSI-CCI indicator bars turn yellow, close the trade

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Sell ​​(Short) Trade Setup

entry

  • The GG-RSI-CCI indicator should show red bars to indicate that the market is bearish
  • When the AVQ trend indicator prints brown bars, enter a sell order

Stop loss

  • Set the stop loss on the fractal above the entry candle

output

  • Once the GG-RSI-CCI indicator bars turn yellow, close the trade

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Conclusion

This strategy is an excellent trend following strategy that could enable high return trading configurations. Since this strategy uses supplemental indicators and trades the confluence of such indicators, it is believed that the trend strength is indeed strong. Since the trend strength is behind the trades, traders can enter into trades that tend to generate high returns when the market begins to rebound in the direction of the trend.


Forex Trading Strategy Installation Instructions

The AVQ Trend Forex Trading Strategy is a combination of Metatrader 4 (MT4) indicator (s) and template.

The essence of this forex strategy is to transform the accumulated history data and trading signals.

The AVQ Trend Forex Trading Strategy offers the opportunity to identify various peculiarities and patterns in price dynamics that are not visible to the naked eye.

Based on this information, traders can assume further price movements and adjust this strategy accordingly.

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Click here for the step-by-step XM Trading Account Opening Guide

How do I install the AVQ Trend Forex Trading Strategy?

  • Download AVQ Trend Forex Trading Strategy.zip
  • * Copy mq4 and ex4 files to your Metatrader directory / Experts / Indicators /
  • Copy the tpl file (template) into your Metatrader directory / templates /
  • Start or restart your Metatrader client
  • Select the chart and timeframe in which you want to test your forex strategy
  • Right click on your trade chart and hover over "Template".
  • Move right to select AVQ Trend Forex Trading Strategy
  • You will see that the AVQ Trend Forex Trading Strategy is available on your chart

* Note: Not all forex strategies come with mq4 / ex4 files. Some templates are already built into the MT4 indicators of the MetaTrader platform.

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