Forex Trading Strategy: 300 Pips a Week with Price Action

The 300 pips a week with Price Action trading strategy is a system based on the use of support and resistance zones with additional filtering of entry signals.

Strategy parameters

Currency pairs: any
Timeframe: M15 and higher
Trading time: any
Platform: Metatrader 4
Risk management: choose such a lot size that the risk is no more than 2-5% of the deposit per trade

Indicators used

Highest Lowest and Reentry Point
Magnified price
Supply and Demand V.3
RatisCy Filter
Symbol Changer Profit Display

Installing indicators and strategy template

Unpack the zip file with templates and indicators
Copy the indicators to the MQL4 folder -> indicators
Copy the templates to the templates folder
Restart the terminal
Open the chart of the required currency pair
Install a template named 300 pips a week.tpl

The graph should look like this:

300 Pips a Week with Price Action strategy

Signals indicating the opening of a buy position

a “Buy trend” signal appeared;
the price is in the support zone or bounced up from it;
bars of the histogram are blue.

300 Pips a Week with Price Action strategy Buy example

Signals indicating the opening of a sell position

a “Sell trend” signal appeared;
the price is in the resistance zone or bounced down from it;
bars of the histogram are white.

300 Pips a Week with Price Action strategy Sell example

Setting stop loss and take profit

stop loss is set above / below the previous local high / low;
take profit is set at a ratio of 1.3: 1 to stop loss or at the opposite resistance / support zone.

Before using the 300 pips a week with Price Action trading strategy with real money, I recommend learning and testing it on a demo account.

In 300-pips-a-week-with-price-action.zip file you will find: