Forex Super Trend MTF Scalping Strategy
Forex Super Trend MTF Scalping Strategy;
MTF Supertrend trading system is a pure trend following system, It’s a combo strategy based on Supertrend indicator and exponential moving average 5 period.
This template is setting for 15 min time frame.
Currency pairs: majors, EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CAD, USD/JPY, GBP/JPY.
Metatrader indicators setting:
Supertrend clear (is required for MTF Supertrend);
MTF Supertrend (TF 60, CCI 60, ATR -1);
UP Down Indicator (HL 4 this is price action indicator and repaint);
Exponential moving average 5 period (median price).
Rules for MTF Supertrend trading System
Conservative
Buy Conditions:
SuperTrend MTF in sub window line color green;
SuperTrend clear on the chart line color green;
up down indicator dot color green;
If these conditions are agree long entry position when the price retraces on 5EMA.
Sell Conditions:
SuperTrend MTF in sub window line color purple;
SuperTrend clear on the chart line color red;
up down indicator dot color red;
If these conditions are agree short entry position when the price retraces on 5EMA.
Aggressive
The same conditions but use Supertrend on chart, UP down and 5 Ema.
Exit position
Initial stop loss on the previous high/low swing.
Profit Target 20-30 pips or make profit on the pivot points level.
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 Super Trend MTF Scalping Strategy?
- Download Forex Super Trend 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 Super Trend 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”.
