Tom DeMark – Tom DeMark For MetaTrader 4

Tom DeMark – Tom DeMark For MetaTrader 4

Check it out: Tom DeMark – Tom DeMark For MetaTrader 4

Instruction:
Draw a Tom Demark trend line connecting at least 3 swing high or low. And should avoid steep angles

Rules for LONG entry:

• Wait for the 9 EMA to cross upward to the 30 EMA.
• Momentum line must be above 100.
• Price must break the trendline.
• Wait for the opening of the next candle to enter a trade.

Rules for SHORT entry:

• Wait for the EMA 9 to cross downward to the 30 EMA.
• Momentum line must be below 100.
• Price must break the trendline.

The EMA will cross after the break of the trendline.

Place stop loss to 40 pips.
Take profit from 40 pips to 150 pips (depending on pair volatility and current situation).
Move your stop in the direction of trade in steps of 10 pips.
Tighten the stop loss when the market reaches 75% of its daily range.
Close position when there is a sign of reversal and get rid of your limit if there is no sign of reversal.

Forex Trading Strategies Installation Instructions

Tom Demark Forex Trend Following Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.

The essence of this forex strategy is to transform the accumulated history data and trading signals.

Tom Demark Forex Trend Following Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust this strategy accordingly.