Pink FX Strategy For MT4

Pink FX Strategy For MT4

The Pink FX Trading Strategy for MT4 is mainly a trend reversal trading method built based on many technical indicators. It is the most profitable trading method and has very impressive winning records. The trading method is so simple. Hence, a novice trader can earn money from it but require proper knowledge. Moreover, this trading system is developed based on market momentum and price action context. Since we have used many indicators on this trading strategy, we will constantly look for confirmation from the indicators. However, we will use technical indicators like GMMA Long, GMMA Short, London Open, Zig Zag Pointer, and MACD Cross indicators set-up to increase our trading likelihood.



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What Is the Pink FX Trading Strategy?


The Pink FX Trading Strategy is the most beneficial trading method. It was specially built to trade on the forex market. However, there are restrictions to trade on any specific currency pairs. This trading strategy can be applied in a trade on any forex pairs and on any timeframes. This trading system is able to provide highly accurate trades as it gives signals based on the most anticipated technical indicators like GMMA, MACD, Zig Zag, etc. Moreover, the higher the timeframe, the higher the precise trades you can get from this strategy. So, try to trade always on the higher timeframe for better outcomes.



The Pink FX Trading Strategy for MT4:


For higher accuracy, we will use multiple trading indicators to locate the price momentum. However, the forex market is full of incertitude, and there is no 100 percent guarantee that every trade will run on profit. So, you have to develop a trading method that will give you high outcomes and less risky trades.

How about we look at the indicator that has utilised in Pink FX Trading Strategy for MT4:


  1. GMMA Long

  2. GMMA Short

  3. London Open

  4. Zig Zag Pointer

  5. MACD Cross


GMMA (Guppy Multiple Moving Average)


The (GMMA) Guppy Multiple Moving Average is the most anticipated technical indicator. The man who has developed this indicator is Daryl Guppy, who is an Australian trader. However, it has been designed to identify the trend reversals, breakouts, and trade signals by adding two types of Moving Averages (MA) with various time-periods. Besides, GMMA indicator uses two groups of MAs, short-term and long-term. Total of 12 MAs, six each. Where the short-term has inputs of 3, 5, 8, 10, 12 and 15 periods. In addition to this, the long-term has inputs of 30, 35, 40, 45, 50, and 60 periods. So, when the short-term moving averages cross over long-term moving averages, it indicates that the trend is bullish. On the contrary, when long-term moving averages cross below the short-term moving averages, it indicates that the trend is bearish.



London Open


London Open is an MT4 indicator that has developed to show the London session’s high and low areas. The Aqua line shows the resistance level of that session, and the Magenta line shows the support level. If the price rejects the Aqua line, it is highly probable that bears may regain momentum. On the other hand, if the price bounces from the Magenta line, bulls may probably regain momentum.



Zig Zag Pointer


No matter what prices converse by a rate higher than a pre-picked variable, The ZigZag indicator marks points on the chart. Then straight lines are drawn associating those points. The indicator is utilized to help distinguish price patterns. It disposes of irregular price vacillations and endeavors to show changes in the pattern. When there is a price move between a swing high and a swing low that is more noteworthy than a predetermined rate Zig Zag lines possibly show up. Mostly, the predetermined ratio is at 5%. The indicator makes patterns simpler to spot in all the time spans by separating minor price moves.



MACD Cross


MACD Cross is a technical indicator, which provides buy and sell signals as a Blue and Magenta arrow. These arrows are developed based on MACD calculation. However, you may not see any visual MACD indicator on the chart.

Let’s look at the trading indicators that we have used in the Pink FX Trading Strategy for MT4:




Bullish Trading Strategy


You can trade Pink FX Trading Strategy for MT4 on all the timeframes from 5 minutes to daily. However, it works best on the H1 and H4 timeframes. Lower timeframes have the risk of certain economic events, which may take out your Stop Loss easily.

Moreover, you can trade on any forex pairs, such as GBPUSD, EURUSD, USDZAR, USDCAD, GBPCAD, EURCAD, EURNZD, USDNZD, USDJPY, etc.



Bullish Trading Conditions


  1. Candles touch the Magenta line.

  2. MACD cross indicator Blue Arrow.




Entry


Open a buy trade after confirming all the trading conditions. Also, you can place a Buy stop order above the running candle with a few pips buffer.



Stop Loss


Since this trading strategy has built based on market momentum and short-term market reversal, you can place a stop-loss order below the MACD cross indicator blue arrow with a few pips buffer.



Take Profit


It is ideal for targeting the profit based on the 1:5 to 1:2 risk-reward ratio. So, if you are risking 20 pips on a position, you should take the profit of at least 40 pips. Alternatively, you can take the profit when the MACD cross indicator Magenta arrow appears.



Bearish Trading Strategy


You can also apply the Pink FX trading system to bearish trading. It also works on all timeframes from 5 minutes to daily. However, it works best on the H1 and H4 timeframes. Lower timeframes have the risk of certain economic events, which may take out your Stop Loss easily.

Moreover, you can trade on any forex pairs, such as GBPUSD, EURUSD, USDZAR, USDCAD, GBPCAD, EURCAD, EURNZD, USDNZD, USDJPY, etc.



Bearish Trading Conditions


  1. Candle touch Aqua line.

  2. MACD cross indicator Magenta Arrow.




Entry


Open a Sell trade after confirming all the trading conditions. Also, you can place a Sell stop order below the running candle with a few pips buffer.



Stop Loss


You can place a stop-loss order above the MACD cross indicator Magenta arrow with a few pips buffer since this trading strategy has built based on market momentum and short-term market reversal.



Take Profit


It is ideal for targeting the profit based on the 1:5 to 1:2 risk-reward ratio. So, if you are risking 20 pips on a position, you should take the profit of at least 40 pips. Alternatively, you can take the profit when the MACD cross indicator Blue arrow appears.



Conclusion


The Pink FX Trading Strategy for MT4 works best if you can apply it appropriately. However, there is no 100 percent perfect trading method in the world. So, in each trading system, success depends on money management. Therefore, to achieve better trading results from this trading strategy, you should utilize proper money management.


Download the complete system description and the files here:

FREE Pink FX Strategy

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