Download Forex Traktor Trading Strategy

Forex Traktor Trading Strategy - Forex Trading System for MT4

This forex scalping trading strategy follows the short-term trend and delivers buy and sell signals on the lower timeframe’s (M1, M5 and M15).
An excellent strategy developed to take advantage of short-term moves in the forex market.
Let’s some serious make pips!

Chart Setup
MetaTrader4 Indicators: 0_IndInverse.ex4 (Input Variable modified; iPeriod=2, cbars=10000), -wmmm-twoPoleButterworth.ex4 (Input Variable modified; CutoffPeriod=30)
Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute
Recommended Trading Sessions: Any
Currency Pairs: Any pair



Strategy

Long Entry Rules

Place a buy order in the market if the following holds true:

1. 
   
   
   • If the line of the -wmmm-twoPoleButterworth.ex4 custom indicator turns blue with price trading somewhat above the line as shown on Fig. 1.0, it is an indication that bulls are pushing price higher i.e. a signal to buy the currency of focus.
   • If the green upward pointing arrow of the 0_IndInverse.ex4 custom indicator pops up, while the maroon line of the 0_IndInverse indicator is seen hovering above the 0.00 signal level, price is said to be on its way up i.e. a trigger to go long.

Stop Loss for Buy Entry: Place stop loss 1 pip below immediate support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following chart or indicator pattern gets displayed:

1. 
   
   
   • If the line of the -wmmm-twoPoleButterworth.ex4 custom indicator turns red during a bullish trend, it is signaling an end to the trend, hence an exit or take profit is highly recommended.
   • Watch out the maroon line of the 0_IndInverse.ex4 custom indicator, if it breaks below the 0.00 signal level during a buy signal or if a red downward pointing arrow forms on the line, it is a trigger to exit or take profit without delay.

Sell Entry Rules

Initiate a sell entry if the following rules or conditions holds sway in the market:

1. 
   
   
   • If the line of the -wmmm-twoPoleButterworth.ex4 custom indicator turns red with price trading somewhat below the line as shown on Fig. 1.1, it is an indication that bears are pushing price lower i.e. a signal to sell the currency of focus.
   • If the red downward pointing arrow of the 0_IndInverse custom indicator pops up, while the maroon line of the 0_IndInverse indicator is seen breaking below the 0.00 signal level, price is said to be on its way down i.e. a trigger to go short.

Stop Loss for Sell Entry: Place stop loss 1 pip above immediate resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following chart or indicator pattern takes center stage:

1. 
   
   
   • If the line of the -wmmm-twoPoleButterworth.ex4 custom indicator turns blue during a bearish trend, it is indicating an end to the trend, hence an exit or take profit is highly recommended.
   • Watch out the maroon line of the 0_IndInverse custom indicator, if it breaks above the 0.00 signal level during a sell signal or if a green upward pointing arrow forms on the line, it is a trigger to exit or take profit without delay.

About The Trading Indicators

The -wmmm-twoPoleButterworth.ex4 custom indicator is a modified moving average indicator that is deployed in gauging trend.
The 0_IndInverse.ex4 custom indicator is a momentum indicator that traders can use to measure the strength of the market.

 

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