Forex King trading system is a part of the MT4 trading system that uses a trend-momentum system based on moving averages TDI, MACD, and RSI. This system for trading with bars, candle chart and Renko chart. The difference is that with Renko the trend chart can be followed even without reference to the slow average of 200 periods. Forex King trading system chart EURUSD, Time Frame: H1 (click to zoom) The Forex King trading system works on every currency pair and we recommend to use it for 15 min or higher time frame.
Using Forex King trading system
Forex King trading system used a strategy based on the indicators which signify buying and selling signal. Metatrader Indicators for Forex King trading system are as follows:
- Exponential Moving Average 4 period
- Exponential Moving Average 5 period
- Exponential Moving Average 200 period
- Exponential Moving Average 60 period
- MACD Candle (2,5, 20)
- Auto pivot levels
- Probability Meter: MACD 5,13, 1 – Stochastic 20, 2, 2,
- RSI Filter 2 period (with Renko chart) 4 period with (candle e bar chart),
- TDI (RSI 13, Volatility band 34);
- MACD bars 3, 4, 10.
- MACD bars 2, 5, 10
Forex King trading system
Buying signal: Buy when the Price moves above MA 60 and 200 with Renko chart price above 60 and consider the parameters as follows:
- MA 4>MA5>MA60>MA200.
- TDI red line above the green and yellow line.
- RSI blue bar.
- MACD Candle blue bar.
- MACD red bar.
- Probability meter > 55 <90 optional.
Forex King trading system chart EURUSD, Time Frame: M30 (click to zoom) Selling signal: Sell when the Price moves below MA 60 and 200 with Renko chart price above 60 and consider the parameters as follows:
- MA 4
- RSI red bar.
- TDI red line below green and yellow line
- MACD Candle red bar.
- MACD red bar.
- Probability meter < 55 >10 optional.
Download Forex King trading system and Trading system
You can download Forex King trading system for free by clicking the “Download” button located at the top right corner.
Create your own custom EA or indicator
If you would like to create your own custom indicator or an EA, please contact AtoZ team saying “I want to create my own EA/indicator,” and describing your desired tool. Also, don’t miss out on various other indicators and EAs you can find in our database here.
How do you install an indicator?
In order to install Forex King indicator on your MT4, you need to: 1. Click on “Download” button above to download Forex King trading system; 2. Save the file to your computer; 3. Extract and move the files into ; 4. Restart your Metatrader platform; 5. Navigate to “Templates”; 6. And select “Forex King trading system” template to apply it on the chart; Note: Forex King trading system was developed by Marc Trader and sent by an AtoZforex follower from Norway, Kristoffer. AtoZforex does not carry any copyrights over this trading tool.