FS30 Indicator MT4 Trading Strategy

Overview

The FS30 Indicator is a popular forex trading strategy that provides clear buy and sell signals. It’s appreciated by traders for its simplicity and effectiveness. Let’s dive into the details:

1. Indicator Components:
   • Arrow Indicator: Identifies potential trend reversals (when the price bounces after touching the channel band).
   • Extreme Indicator: Determines the overall market direction (upward or downward).
   • High-Low Channel: Defines the price range within which the strategy operates.
   • Stochastic Oscillator: Helps confirm oversold (buy) or overbought (sell) conditions.
2. Timeframes:
   • The FS30 strategy can be applied to timeframes ranging from M30 to H4.
   • However, it’s recommended to focus on the 4-hour (H4) timeframe for optimal results.
3. Trading Rules:

   Buy Trade:

   • The candles must touch the lower band of the pink channel.
   • A blue arrow appears below the candles.
   • Stochastic is below the 20 level (oversold).
   • The Extreme indicator changes direction from red to yellow (pointing upwards).
   • Place your stop loss just below the recent swing low.
   • Take profit at the opposite (upper) band of the pink channel.

   Sell Trade:

   • The candles must touch the upper band of the pink channel.
   • A red arrow appears above the candles.
   • Stochastic is below the 80 level (overbought).
   • The Extreme indicator changes direction from yellow to red (pointing downwards).
   • Place your stop loss just below the recent swing high.
   • Take profit at the opposite (lower) band of the pink channel.
4. Risk Management:
   • Use a maximum of 20% of your funds for each trade.
   • The remaining amount can cover potential losses (up to 100 pips) if the market moves against you.

Implementation

• Minimum Deposit: Start with an amount you’re comfortable risking, but ensure it meets your broker’s requirements.
• Currency Pairs: The FS30 strategy can be applied to any currency pair.
• Telegram Group: Join our Telegram group for real-time updates and discussions: YoForexRobot Telegram.
• Download EA: You can download the EA from our website: FXCracked.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀

Stay Updated:

Join our Telegram group: YoForex Premium  https://t.me/yoforexrobot for real-time settings, support, and discussions.

Visit our website FXCracked.org for additional resources and insights.

Additional Resources:

Instant Download: https://www.fxcracked.org/product/fs30-indc/

Contact: https://t.me/yoforexrobot

🔔😎Happy Trading😎🔔