Forex MA Gann High Low MTF Scalping Strategy
Forex MA Gann High Low MTF Scalping Strategy;
This trading system, in contrast to analogues is relatively new. It is based on the use of 2 indicators combined with the classic rules of building a trading system based on scalping.
To get started, you need to install (see the archive) 2 indicator for scalping: Scalper_MA and Channel. To install, move the downloaded indicators in Meta Trader 4 to the folder – \experts\indicators. After that, start (restart) The Meta Trader 4 terminal.
Will trade on the GBP/USD currency pair (can be played on any currency pair)
Timeframe M1 to M30.
M1 chart indicator Scalper_MA. The essence of the trading system is extremely simple:
Scalper MA Up arrow – open a position to buy (buy), Gann green line.
Scalper MA Down arrow-open a sell position (sell) Gann red line.
Order open only after changing the price by more than 2 points in the direction where the signal showed. Also, wait for 7 red or blue bars to pass from below.
Gann high/low MTF indicator to smooth out noise. We open an order only if the signal directions of both indicators coincide.
Close the warrant at your discretion. Advise you to confine profit of 1-3 pips of one trade (0.1 lot, 1 PIP = 1$, for a volume of 1 lot, 1 PIP = 10$).
If you trade, You are going to use stop orders, it is recommended to put them in the following way.
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 MA Gann High Low MTF Scalping Strategy?
- Download Forex MA Gann High Low MTF 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 MA Gann High Low MTF 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”.