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🕯 Momentum Drive Forex Trading Strategy:-
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Indicators:

> CandleStop
> 50 EMA
> Drive
⌛️ Preferred Time Frames: 15-minute, 30-minute, 1-hour and 4-hour charts

Currency Pairs: FX majors, minors and crosses

Trading Sessions: Tokyo, London and New York sessions

💎 Buy Trade Setup
Entry

Price action should cross above the 50 EMA line.
The 50 EMA line should start to slope up.
Price action should retrace back to the area between the two lines of the Candle Stop indicator.
A strong bullish momentum candle should close above the magenta line of the Candle Stop indicator.
The green line of the Drive indicator should be above the red line.
Enter a buy order on the confirmation of these conditions.
Stop Loss

Set the stop loss below the entry candle.
Exit

Close the trade as soon as the green line of the Drive indicator crosses below the red line.
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💎 Sell Trade Setup
Entry

Price action should cross below the 50 EMA line.
The 50 EMA line should start to slope down.
Price action should retrace back to the area between the two lines of the Candle Stop indicator.
A strong bearish momentum candle should close below the lime line of the Candle Stop indicator.
The green line of the Drive indicator should be below the red line.
Enter a sell order on the confirmation of these conditions.
Stop Loss

Set the stop loss above the entry candle.
Exit

Close the trade as soon as the green line of the Drive indicator crosses above the red line.
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🧩 Category:- Meta-Trader-4 Platform:

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