|PDF Title||:||Forex Trend Following Strategies|
|Total Page||:||49 Pages|
|PDF Size||:||394 KB|
|PDF Link||:||Read and Download|
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“Locate a currency pair whose ADX (14) is less than 35. Ideally the ADX should also be trending downward, indicating that the trend is weakening further.
Wait for the market to break below the previous day’s low by at least 15 pips. Place entry order to buy 15 pips above the previous day’s high.
After getting filled, place your initial stop no more than 30 pips below your entry. Take profit on the position when prices increase by double your risk or 60 pips.”
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