Drive Fx Strategy

Submit by Alexander

Utilize the Driver fx indicator to enter and exit trades based on the direction and strength of the trend indicated by the system.

Components

Candlestick Coloring System:

Red Candlesticks: Indicate a bearish trend.

Blue Candlesticks: Indicate a bullish trend.

Arrows for Trade Entry:

Up Arrow: Signal to enter a long (buy) position.

Down Arrow: Signal to enter a short (sell) position.

Information Block:

Displays the direction and strength of the trend for main currency pairs.

Assists in assessing the possibility of trading on currency cross-rates.

Trading Rules

Long Entry (Buy)

Wait for a blue candlestick to form.

Ensure an up arrow appears, indicating a bullish trend.

Verify the trend direction and strength from the information block to confirm a strong bullish trend across relevant pairs.

Short Entry (Sell)

Wait for a red candlestick to form.

Ensure a down arrow appears, indicating a bearish trend.

Verify the trend direction and strength from the information block to confirm a strong bearish trend across relevant pairs.

Exit Rules

For Long Positions:

exit if a down arrow is indicated.

Monitor the trend strength; if it weakens significantly, consider exiting the trade.

For Short Positions:

exit if an up arrow is indicated.

Monitor the trend strength; if it weakens significantly, consider exiting the trade.

Additional Guidelines:

Trend Strength Assessment:

Use the information block to gauge the overall market sentiment and trend strength across different pairs. Prefer trading in the direction of a strong trend as indicated by the information block.

Short Entry (Sell)

Wait for a red candlestick to form.

Ensure a down arrow appears, indicating a bearish trend.

Verify the trend direction and strength from the information block to confirm a strong bearish trend across relevant pairs.

Exit Rules

For Long Positions:

exit if a down arrow is indicated.

Monitor the trend strength; if it weakens significantly, consider exiting the trade.

For Short Positions:

exit if an up arrow is indicated.

Monitor the trend strength; if it weakens significantly, consider exiting the trade.

Additional Guidelines:

Trend Strength Assessment:

Use the information block to gauge the overall market sentiment and trend strength across different pairs. Prefer trading in the direction of a strong trend as indicated by the information block.

Drive FX Trading System

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