Forex Black Diamond Trading System

Forex Black Diamond Trading System

Forex Black Diamond Trading System:

Forex Black Diamond Trading System

Metatrader Indicators used:

MPi-HB

Pivot Points on MultitimeFrame

MadroGoldenFilter

Status Monitor V1.2

FXSniper LSMA

PriceChannelStop v1

SignalBars_v6

Clock_v1.2

Rules:

This method is efficient and fits my style of operating in the timeframe of 30 minutes.

However, you can use this method in any timeframe. Remember to follow all the rules,

for example, if you’re operating in the timeframe of 30 minutes, you should always check the charts of 1H and for 4H identify the trend. Do not operate signals from the chart, 30 minutes timeframes in the case of 1H and 4H are with signs opposite to minimize the risk of false signals.

Orders to buy (buy/long):

1). Blue arrow in the indicator Madrid Golden Filter (it will appear only after closing

the candle)

2). At least 3 of the indicators in Madrod Golden Filter must be blue (better if the 4 to

confirm their entry). If any of these 4 (arrow, with x small square, small square, and “x”

small) is reddo not open your order.

3). The current candle should be GREEN

4). FXSniper LSMA should be GREEN.

5). PriceChannelStop v1 GREEN and must be below the candle.

6). Use Fibonacci retracement and pivot for better accuracy.

Orders for sale (sell / short):

1). Red arrow indicator in Madrid Golden Filter (it will appear only after closing the

candle).

2). At least 3 of the indicators in Madrid Golden Filter should be red (if the 4 best to

confirm their entry). If any of these 4 (arrow, with x small square, small square, and “x”

small) is blue, do not open your order.

3). The current candle should be RED

4). FXSniper LSMA must be RED.

5). PriceChannelStop v1 must be RED and above the candle.

6). Use Fibonacci retracement and pivot for better accuracy.

Stop Loss:

There are various ways of how you can use for your stop loss depends on your own way to negotiate and risks in which you want to have. There are no fixed rules on this system.

A method for use of stop loss is to check the high / low the last 3 or 4 candles, but no more than 25-30 pips (depending on the timeframe) for pairs as EU/ USD 35-40 pips

In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.

For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.

How to install Forex Black Diamond Trading System?

  • Download Forex Black Diamond Trading System.zip
  • Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy 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 strategy
  • Load indicator on your chart

How to uninstall Forex Black Diamond Trading System?

To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.

Download Free Forex Black Diamond Trading System

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