AVQ-GG Trend Forex Trading Strategy

The AVQ-GG Trend forex trading strategy is a well-equipped trend following trading system that enters and exits trades in the most profitable trend for any currency pair.

The associated indicators are carefully drafted to ensure that trend scanning and trend strength are addressed.

Chart Setup

MetaTrader4 Indicators: AVQ_trend.ex4 (Inputs Variable Modified; Length=15, Colors Width Modified; #0=3, #1=3), GG-RSI-CCI.ex4 (Inputs Variable Modified; Avg_Period1=4, Avg_Period2=6, Ind_Period=25)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day

Recommended Trading Sessions: Any

Currency Pairs: Any pair

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Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy entry if the following indicator or chart pattern gets put on display:

  1. If the green AVQ_trend bars gets put on display within the activity chart as shown on Fig. 1.0, price is said to be driven to the upside i.e. a trigger to buy the designated currency pair.
  2. If the lime green vertical bars of the GG-RSI-CCI custom indicator gets displayed within the indicator window, it is a trigger to buy the stipulated forex pair. The gold vertical bars that periodically pops up does not signal the end of the trend, but rather minor retracements within an overall bullish trend.

Stop Loss for Buy Entry: Place stop loss below short-term support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions takes precedence:

  1. If a red vertical bar of the GG-RSI-CCI custom indicator pops up while a buy signal is running, it is a trigger to exit or take profit at once.
  2. If the orange red vertical bar of the GG-RSI-CCI custom indicator gets put on display within the indicator window while a buy signal is ongoing, price is said to be making a bearish reversal, as such an exit or take profit will suffice.

Sell Entry Rules

Enter a sell order if the following holds true:

  1. If the red AVQ_trend custom indicator bars get put on display within the activity chart as seen on Fig. 1.1, price is said to be pushed lower i.e. a trigger to sell the selected fx pair.
  2. If the orange red vertical bars of the GG-RSI-CCI custom indicator pops up within the indicator window (see Fig. 1.1), it is a trigger to go short on the designated forex pair. The gold vertical bars that periodically pops up does not signal the end of the trend, but rather minor retracements within an overall bearish trend.

Stop Loss for Sell Entry: Place stop loss above short-term resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes to the fore:

  1. If a green vertical bar of the GG-RSI-CCI custom indicator pops up during a sell alert, it is a trigger to exit or take profit forthwith.
  2. If the lime green vertical bar of the GG-RSI-CCI custom indicator gets put on display within the indicator window during a sell alert, price is said to be making a bullish reversal, as such an exit or take profit will do.

Sell Trade Example

Fig. 1.1

Free Download

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About The Trading Indicators

The AVQ_Trend.ex4 custom indicator is a trend following indicator that paints the candlesticks green during a bullish trend and red during a bearish trend.

The GG-RSI-CCI.ex4 custom indicator defines a combination of other dominant technical indicators i.e. CCI, RSI etc.

Its design allows for it to determine the major currency trend.

The yellow green bars represents an uptrend, orange red bars signifies downtrend, while ranging market is denoted by gold colored bars.

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