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Rate of Change Indicator Trading Strategy

AnalyticsTrade Team
AnalyticsTrade Team Last updated on 11 Jun 2023
Category: Indicators Strategies

Table of Contents

Timeframe: Any

Recommend pair: Any major pair

Indicator: ROC

Platform: MT4, TradingView

Long trade setup

Entry

The ROC should be below the zero line. Wait for the ROC to continue in the upward direction and enter the trade.

Take-profit

Set take-profit at the recent high from the entry point.

Stop-loss

Place a stop-loss at the recent low from the entry point.

Example:

The ROC goes below the zero line in the chart below, signaling a potential long entry point.

Forex Trading Account

Long trade setup

Short trade setup

Entry

The ROC should be above the zero line. Wait for the ROC to continue in the downward direction and enter the trade.

Take-profit

Set take-profit at the recent low from the entry point.

Stop-loss

Place a stop-loss at the recent high from the entry point.

Example:

The ROC above the zero line is in the chart below, indicating a potential short entry point.

Currency Forex Trading

Short trade setup

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