Forex Smart Money Index Scalping Strategy
Forex Smart Money Index Scalping Strategy;
Smart Money Index Trading is an intraday trading system trend-momentum based on the Smart Money Index Indicator and two entry arrow indicators.
Time frame 5 min or 15 min.
Currency pairs:any.
Metatrader Indicators:
Dynamic bull and bear band (Band 1: Dev 2, Band 2, Dev , Band 3: Dev 4)
Gann Support and resistance,
Swing Trader arrow,
Smart Money Index,
Hypertrend indicator,
Trading rules Smart money index trading.
In this strategy there are two differents arrow: Swing arrow and Hipertrend arrow.
First approach
Trading only in direction of the Smart Money Index.
Buy
Hypertrend buy arrow confirmed by Smart Money Index with green bar.
Swing Trader arrow buy confirmed by Smart Money Index with green bar.
Sell
Hypertrend buy arrow confirmed by Smart Money Index with red bar.
Swing Trader arrow buy confirmed by Smart Money Index with red bar.
Second approach
Buy
When the price go in lower bands zone wait the buy arrow.
Sell
When the price go in upper band zone wait the sell arrow.
Do not open more than one position in the same direction
Exit place 10-15 pips of stop below/above the entry bar.
Make profit with profit target predetermined at the opposite arrow.
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 Smart Money Index Scalping Strategy?
- Download Forex Smart Money Index 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 Smart Money Index 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”.
