531# Power Arrow with Megatrend Trading System
Power Arrow with Megatrend filtered with RSI
Submit by Havier 25/01/2014
Power Arrow with Megatrend Trading System how to install.
After downloading your files. Copy the indicators ( ex4 files ) to :
Then copy the template ( tpl file ) to :
Restart metatrader and open 1 hour chart – any currency pair. right click on chart and choose:
Templates >> Forex Power Arrow with Megatrend
Time Frame H1
Currency Pair any:
FB SR indicator ( Fibonacci support and Resistance);
RSI filter (14).
Trading rules Power Arrow with Megatrend Trading System
1 – Blue MegatrendTrend Line
2 – Blue RSI Bar
3 – Blue Power Arrow
1 – Red MegaTrend Line
2 – Red RSI Bar
3 – Red Power Arrow
Stop Loss: Last Arrow Level ( entry arrow )
Target : Opposite Signal
For Targets, you can also use Fixed number of pips per trade or you can use support and
resistance levels or Fibonacci levels.
You can use this indicator for target areas.
Upper red area = Buy targets
Lower Blue area = Sell targets