Forex & Stock Volume Trading – How to Identify the Strongest and Most Profitable Trends to Trade

Forex & Stock Waddah Attar “VOLUME” Explosion Trading Strategy – How to Identify the Strongest and Most Profitable Trends to Trade. The Waddah Attar Explosion Indicator is an advanced volume indicator that visualizes the balance between positive and negative trading volumes for predicting upcoming market trends.

This indicator is an excellent match for forex, stock, crypto, and commodity traders who consider trading volume the key market mover. Clear demonstration of market accumulation or distribution, and simple rules of determining trade signals are the main reasons behind the vast popularity of the Waddah Attar Explosion.

Without volume, markets don’t have the “fuel” they need and tend to whip back and forth without direction. Sadly, many traders ignore market volume simply because they do not understand it.

Trading volume can help an investor identify momentum of a stock, or currency pair, and confirm a trend. If trading volume increases, prices generally move in the same direction and can provide a heads-up if volume diminishes.

Once volume begins to diminish and the fuel for the trend starts to dry up, a reversal or ranging market may be on the horizon.

 

• Download “ForexWOT-WaddahAttarExplosionSystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT-WaddahAttarExplosionSystem.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “ForexWOT-WaddahAttarExplosionSystem” trading system and strategy.
• You will see the “Waddah Attar Explosion Trading System” is available on your Chart.

 

When seeking to open buy positions, observe indicator readings as follows:

• 1st. the 20-period EMA is above the 50-period EMA.
• 2nd. The 25 bar CCI should also be above the zero-line.
• 3rd. The Waddah Attar Explosion volume bars turn blue and move above the average line.

Entry

• When these conditions match your target asset chart, it positively influences the asset price. So, open a buy position when the high of the entry bar, is broken by a subsequent bar.
• Set an initial stop loss below the current swing low with a buffer of 5 or 10 pips.

 

When seeking to open sell positions, observe indicator readings as follows:

• 1st. the 20-period EMA is below the 50-period EMA.
• 2nd. The 25 bar CCI should also be below the zero-line.
• 3rd. The Waddah Attar Explosion volume bars turn red and move above the average line.

Entry

• When these conditions match your target asset chart, it negatively influences the asset price. So, open a sell position when the low of the entry bar, is broken by a subsequent bar.
• Set an initial stop loss above the current swing high with a buffer of 5 or 10 pips.

 

• The “Waddah Attar Explosion Indicator” is probably one of the best and most popular custom indicators to identify the strongest and most profitable trends to trade.
• The indicator is ideal for trend following strategies to spot a continuing trend. Also, The “Waddah Attar Explosion Indicator” can be an entry or exit signal.