Forex Dynamic Bull Bear Scalping Strategy
Forex Dynamic Bull Bear Scalping Strategy:
Dynamic Bull and Bear band is a simple trend- reversal strategy based on two indicators: Dynamic Bull and bear band ; V Rod alert 2.0 nrp.
Time frame 5 min or higher.
Financial markets: Indices (Dax, S&P 500, Dow Jones 30, FTSE, CAC40, Forex (EUR/USD, GBP/USD, NZD/USD, AUD/USD, USD/CHF and Commodities.
Metatrader indicators:
Dynamic Bull and Bear Band: Band period 60, Band 1 (4.0), Band 2 (5.0), Band 3 (6.0).
V-Rod alerts (2.0) rnp. (Ma period 9, Osma 4, SD 0.5, Band period 20).
DNC Bandwidth 20 period (optional for to analize volatility of the market )
Trading rules Dynamic Bull and Bear Band
Buy
When the price touches or broken the first lower band wait the first buy arrow.
This setup is validated if the arrow appears in the next 15 bars.
Sell
When the price touches or broken the first upper band wait the first sell arrow.
This setup is validated if the arrow appears in the next 15 bars.
Increase of 0.01 lot each purchase / sale next in the same direction, if the price change is> 10 pips.
Sequence 0.01-0.02-0.03-0.04-0.05-0.06-0.07-0.08
Profit Target 10 pips
Increase the target profit of 4 pips for each subsequent trading in the same direction.
Example EUR/USD 1 PT=10- – 2 PT =14 – 3 PT=18 4 PT=22 – 5 PT = 26 – 6 PT =30.
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 Dynamic Bull Bear Scalping Strategy?
- Download Forex Dynamic Bull Bear Scalping Strategy.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 Dynamic Bull Bear Scalping Strategy?
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”.
