Forex Hydra Strategy & Indicator

Forex Hydra Strategy & Indicator

You can set the Forex Hydra Indicator System to send you a signal alert via Email, Mobile Notification, or platform pop-ups. This is helpful as it means you do not need to stare at the charts all day waiting for signals to appear, and you can monitor multiple charts all at once.

Forex Hydra Strategy can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minute through to the 1-month charts. For scalping use M1 and M5, For day trading you can use M15/H1, and For swing trading, use H4/D1.

Before you start trading open your favorite trading pairs. Choose your timeframe. This trading system works on all time frames from M1 to D1. For scalping use M1 and M5, For day trading you can use M15/H1, and For swing trading, use H4/D1.

Step 1: Identify the trend
Use the currency strength indicator to identify the trend, for example,

we consider the pair ABC/XYZ: If the currency strength of ABC is above 5.0 AND the currency strength of XYZ is smaller than 2.0, so we are in an uptrend.
If the currency strength of ABC is smaller than 2.0 AND the currency strength of XYZ is larger than 5.0, so we are in a downtrend.
Step 2: Wait for a buy/sell signal
If we are in the uptrend, so take the BUY signals only. If we are in the downtrend, so take the SELL signals only.
Place stop loss at the last swing high/low.
Step 3: Exit the trade
Exit from the trading with target profit pips. otherwise, exit with the opposite signal. Also, you can use a trailing stop to exit from the trades. Place stop loss for lower low level or nearest support line.