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