Summary : This is an intraday trading system which uses RSX and Accelerator indicators. This is useful in a 15-minute to 1-hour time frames and works in any currency pairs. Metatrader Indicators : - RSX (14 period) - Heiken Asci - Megatrend indicator (80, period) - Accelerator indicator - Pivot Points levelsLong Position Entry : 1. Blue or White Candle ( Heiken Ashi indicator )2. Blue AC Bar ( Accelerator Oscillator indicator ) , best if it’s above 0.0 level3. Blue RSX Bar ( RSX Indicator ) , best if it’s above 0.0 level4. Blue Trend Line ( Megatrend indicator )Short Position Entry : 1. Red or White Candle ( Heiken Ashi indicator )2. Red AC Bar ( Accelerator Oscillator indicator ) , best if it’s below 0.0 level3. Red RSX Bar ( RSX Indicator ) , best if it’s below 0.0 level4. RED Trend Line ( Megatrend indicator )Exit Rules : - Exit when you get an opposite signal- Exit when Accelerator indicator and RSX indicator get an opposite bar- Take profit the levels of the pivot point levels (set stop loss 15 pips)- Place target profit to 15-30 pips. And set stop loss to be the same How to install Files?- Download RSX AND Accelerator Indicator Forex Scalping Strategy.zip- Copy Indicators folder files to your Metatrader Directory / MQL4 / indicators /- Copy templates folder files (Template) to your Metatrader Directory / templates /- Copy Libraries folder files to your Metatrader Directory / MQL4 / 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 RSX AND Accelerator Indicator Forex Scalping Strategy- You will see RSX AND Accelerator Indicator Forex Scalping Strategy is available on your Chart
The two indicators we are going
to talk about here are found to be very well working when used side by side.
This Forex trading system is an another simple discovery; and hundreds of such
discoveries can be made when traders are there to learn and experiment.
Any currency pair and time frame can be used.
Indicators: Parabolic SAR default settings (0.02, 0.2), ADX
50 (with +DI, -DI lines) Entry rules: SELL When the +DI line is below the -DI line, and Parabolic
SAR gives sell signal. When the +DI line is above the -DI line, all Parabolic
sell signals must be ignored. Entry rules: BUY when the +DI line is above the -DI line, and Parabolic
SAR gives buy signal. When the +DI line is below the -DI line, all Parabolic
buy signals must be ignored. Exit rules: when +DI line and -DI lines have
crossed again. Advantages: allows filtering
entries and predicting good exits. Disadvantages: Both Parabolic SAR
and ADX are follow-up indicators. Although they complement each other very
effectively, the “weakest” in chain is ADX, because during trading it can give
one signal, but later change to the opposite. Once given a signal from ADX,
waiting for the current price bar to close to avoid such misleading is advised.
The Expert Advisor which uses the AO and AC indicators in its operation, which were proposed by the Bill Williams.The EA buys at green AO and AC, sells at red AO and AC. The market exit is performed when any of the indicators changes its color.It is recommended to use the indicator on the H4 timeframe.
This EA trades of on the M5, M15, M30 and H1 timeframes. It uses the BB, SAR and RSI of these timeframes to determine its entry point. Basically using Martingale system to cater to losing positions. Credit goes to the author of MultiLot Scalper and swb grid for the codes. Can be used on any time frame. Adjustable lotsize, amount of profit per row of order, Time zone and the like. Still need more modification though.- 2017.01.01 ~ 2017.05.31 EURUSD(M1) Test Result -
This trading systems based on fast moving averages are quite easy to follow.
Currency pairs: ANYTime frame: 15M, 1HIndicators: 10 EMA, 25 EMA, 50 EMA
Entry & Exit Rules
Entry Rules:When 10 EMA goes through 25 EMA and continues through 50 EMA, BUY/SELL in the direction of 10 EMA once it clearly makes it through 50 EMA. (Just wait for the current price bar to close on the opposite site of 50 EMA. This waiting helps to avoid false signals).Exit Rules:- Exit when 10 EMA crosses 25 EMA again.- Exit when 10 EMA returns and touches 50 EMA (again it is suggested to wait until the current price bar after so called “touch” has been closed on the opposite side of 50 EMA).
It is easy to use, and it gives very good results when the market is trending, during big price break-outs and big price moves.
Fast moving average indicator is a follow-up indicator or it is also called a lagging indicator, which means it does not predict future market directions, but rather reflects current situation on the market. This characteristic makes it vulnerable: firstly, because it can change its signals any time, secondly – because need to watch it all the time; and finally, when market trades sideways (no trend) with very little fluctuation in price it can give many false signals, so it is not suggested to use it during such periods.
Metatrader 4 Cycle identifier is very famous indicator.So I did review this indicator and I suggest how to trade with cycle identifier.I hope make you get profit on forex trading. If you have any idea for impove profits about this indicator, please let me know your idea for sharing many people.
Entry & Exit Rules
Entry Rule: - BUY: When displayed Strong Green Signal- SELL: When displayed Strong Red SignalExit Rule: When displayed any opposite signal
Entry & Exit Samples
CycleIdentifier.zip (1.37 MB)