Forex Sniper Momentum Scalping Strategy
Forex Sniper Momentum Scalping Strategy;
Momentum fast trading is a trend-momentum strategy for intraday and swing trading
based on CCI, ADX , Laguerre filter and two LWMA. The purpose of this strategy is catch part of a trend. Here there are two versions the only difference is the type of ADX.
Time frame 5 min or higher.
Laguere filter gamma 0.85, (determines trend/ momentum),
LWMA 3 period,
LWMA 13 period,
FXST3CCI, CCI period 14, T3 period 0,
ADX 14 d+ d- , level 20,
Trading rules Momentum Fast Trading
Buy
3 LWMA crosses above 13 LWMA …and 1a) 3 LWMA was BELOW 13 LWMA 1 period before
Candlestick opens ABOVE Laguerre Filter (gamma 0.85)
+DI crosses ABOVE -DI +DI crosses ABOVE 20 Level
CCI crosses ABOVE 100 Level or
three nihilist adx have the bars green or blue.
Sell
3 LWMA crosses below 13 LWMA 3 LWMA was ABOVE 13 LWMA 1 period before Candlestick opens BELOW Laguerre Filter (gamma 0.85)
-DI crosses ABOVE +DI -DI crosses ABOVE 20 Level
CCI crosses BELOW -100 Level
or three nihilist adx have the bars red or maron.
Note: always wait for the next signal. Not re-enter for the same signal. If this rule
is met, the system has a good profitability.
Place initial stop loss on the previous swing high/low. Make profit with ratio 1:1 stop loss.
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 Sniper Momentum Scalping Strategy?
- Download Forex Sniper Momentum 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 Sniper Momentum 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”.
