Forex NLMA Bars Scalping Strategy
Forex NLMA Bars Scalping Strategy;
4 Bars NLMA System is a trend-following trading system based on MTF Supertrend Bar indicator.
Time frame 1min or higher.
4 Bars NLMA MTF
Pivot points level for intraday trading.
You can also ad a momentum indicator for confirm.
Trading rules 4 Bars NLMA System
Arrow green on the main chart confirmed by 4 green square.
Momentum indicator crosses upward (optional)
Arrow red on the main chart confirmed by 4 red square.
Momentum indicator crosses downward (optional).
Tips: You may have some adjustments, so it is important to filter the indicator, with momentum indicator and also the moving averages.
Make profit at the pivot points level, at the predetermined profit target or at the next opposite arrow.
Place initial stop loss at the previous high/low swing.
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 NLMA Bars Scalping Strategy?
- Download Forex NLMA Bars 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 NLMA Bars 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”.