Summary
:
Forex
MTF Super Trend Scalping Strategy that follows the trend. One of the indicators
used in this system that identifies the trend is the EMA or Exponential Moving
Average.
Metatrader
Indicators :
- Supertrend clear (is required for MTF
Supertrend)
- MTF Supertrend (TF 60, CCI 60, ATR -1)
- UP Down Indicator (HL 4 this is price
action indicator and repaint)
- Exponential moving average (5, Close)
- Conservative Trade
Trading
Conditions :
- Chart Timeframe : 15 Minute.
- Currency Pairs : Any
pairs.
Long
Position Entry :
1. SuperTrend MTF in sub-window line is color
green.
2. SuperTrend clear on the chart line is color
green.
3. Up down indicator dot is color green.
4. Enter position when the price retraces on 5
EMA.
Short
Position Entry :
1. SuperTrend MTF in sub-window line is purple.
2. SuperTrend clear on the chart line is red.
3. Up down indicator dot is color red.
4. Enter long entry when the price retraces on
EMA 5.
Exit
Rules :
- Profit Option 1 : 20 ~ 30 pips
- Profit Option 2 : Pivot Level
- Stop Loss Option : Previous swing
How to install Files?
- Download *.zip file.
- Copy Indicators folder to your Metatrader
Directory / indicators /
- Copy Template folder to your Metatrader
Directory / templates /
- Copy Libraries folder to your Metatrader
Directory / Libraries /
- Start or restart your Metatrader
- Select Chart and Timeframe where you want
to test your forex strategy
- Right click on your trading chart and hover
on “Template”
- Move right to select Template