You can now download the Kiss Forex Trading Strategy for free on AtoZ Markets indicators gallery. The Kiss forex trading strategy is one of the most commonly used custom technical indicators among forex traders. This FX trading strategy puts in a lot of information into one indicator.
The template uses price action, moving average and MACD histogram to predict the price movement of the currency pair. It is important to note that this strategy should be used in the timeframe above H4.
How to trade with Kiss Forex Trading Strategy?
Traders should consider the following points for chart setup before using the strategy in the MT4 trading system.
- Use the 4-hour chart, which is more reliable trading the higher timeframe, while still giving a few good setups each week.
- Plot a 20 LWMA in any color of your choice.
- Use a MACD indicator with a histogram with standard settings and double them i.e MACD(24,52,18).
1. Follow the current market trend (higher highs & higher lows = uptrend while lower lows & lower highs = downtrend). If the short term trend matches up with the pairs overall trend, that is considered to be the best setup. Moreover, price action is just for looking simple candle patterns which are engulfing, pinbar, tweezers patterns, etc. This happens at prior support & resistance areas. Lastly, just drawing in some simple trendlines and/or channels
2. The 20 moving average is the best setup when you get a price action setup and the moving average is heading in the same direction (up for longs, down for shorts).
3. The MACD histogram to be lined up and heading in the same direction as your PA and MA. This helps you to see where momentum is going along with the first two guidelines. The best setups are when the histogram is on the correct side of the zero lines (above the zero lines for longs and below the zero lines for shorts).
How to download and install an indicator?
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on “Download Indicator” button located at the top right corner of the screen.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select “Kiss Forex Trading Strategy” template to apply it on the chart.
Note: This indicator was developed by Tim Morris. AtoZ Markets does not carry any copyrights over this trading tool.