Forex OMA Channel Scalping Strategy
Forex OMA Channel Scalping Strategy;
Oma Channel Scalping Strategy is a trading system based on OMA Channel and price action. This is a high frequency trading strategy.
Currency pairs: Majors with low spreads
Timeframe: M1 or 5 min
Trading time: America, Europe
Excellent strategy for real gain. Possible winning strategy.
TTM Scalper
PA Dynamic explorer
Oma Channel
Strategy rules OMA Channel Scalping Strategy:
Buy
1. The price at the level of Murray or the level of the indicator ADR (bounced)
2. Wait that It’s forms of a yellow rectangle (TTM Scalper)
3. TrendStrength indicator OMA Channel painted a green or blue arrow.
4. Heiken ashi became white
5. PA Dynamic became green
6. The green TDI line crossed red from the bottom up and they are under the yellow (ideally near the blue channel).
Sell
1. The price at the level of Murray or the level of the indicator ADR (bounced)
2. Wait that It’s forms of a green rectangle (TTM Scalper)
3. TrendStrength indicator OMA Channel painted a red or purple arrow.
4. Heiken ashi became red
5. PA Dynamic turned red
6. The green TDI line crossed red from top to bottom and they are above the yellow (ideally near the blue channel).
Stop loss and Take Profit:
Goals we take from 5 points and above.
Initial stop loss at the previous swing high/low
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 OMA Channel Scalping Strategy?
- Download Forex OMA Channel 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 OMA Channel 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”.
