If you don't understand how Murrey levels work, you can read up on it below to get a rough understanding of what they are and how price reacts around them.
The basic concept of my strategy is to use the break of a Murrey Level to enter our trades and pick our targets. I have added the indicators, template, and two versions of a Trade Management EA I had made called Stealth. Stealth V.1 has inputs for a hidden TakeProfit and Stoploss, a Breakeven Level, and a Breakeven Shift. Stealth V.2 has a Trailing Step function added that kicks in after the Breakeven Level and Breakeven Shift have been triggered. Stealth V.2 is new and not fully tested, so use it at you own risk. Please install these in the proper folders and restart your platform. I trade and manage accounts at The Collective FX, so please download the platform from there website to follow my trades on the same broker.
Any MT4 broker will do, but please fully understand that a different broker may provide different data which will result in your Murrey Levels appearing different than mine.
I will be using 7 pairs which will be:
EUR/USD, GBP/USD, EUR/GBP, GBP/CHF, USD/CAD, GBP/CAD, and GBP/JPY.
If you have any questions you can e-mail me at [email protected]
*** I've added a Trading Simulator that was provided to me by Ronald Raygun for everyone to use as they wish. Instructions are in the zip file along with a self installer.***
***In post #426, we are testing a different variation of the main strategy using only a Target and Hard Stoploss. This means the trade will continue until either the Target or Stoploss is hit.***