Hold must be it!mcgyver wrote: Wed Dec 07, 2022 7:06 am Hi @Bilbao,
I found following from long time ago.
Do anyone know if there is a newer further developed set of this available? i searched over many days now and could not find anything.
The strategy is really great but I'm searching for a detailled english explanation.
Would be great if someone could support on that.
Thansk
Forex trading strategy "Day Trade" refers to scalping and indicator systems, to use which you must first install a package of special indicators to determine the entry, which you can download below. The Day Trade trading strategy is suitable for trading on all currency pairs and any time intervals. The optimal time for trading operations should be limited to the European and American sessions, during the period of the highest activity and market volatility. Since the Day Trade strategy is closer to scalping, with a take profit of 10-20 points, when choosing a broker, pay attention to the spread. As a rule, all ECN brokers do not overestimate the spread, which will directly increase your profit. After downloading the Day Trade strategy file, the following are provided: Indicators: Day_signal_ultra.ex4 Day_signal_arrow.ex4 Day_open_line.ex4 Day_Look.ex4 Day_Heiken_Ashi.ex4 Day_Expl_D1.ex4 Day_Bar.ex4 After installation, all indicators should be distributed in the following windows and do not forget to set the DLL import permission in the settings . Also customize the color scheme of all indicators to your taste. In this example, the primary colors were chosen to be red and green for the white background of the chart. (In the basic version, the colors white and red can be used for a dark background). Additionally, a Smoothed Moving Average with a period of 5 and a shift of 2 is set on the working price chart (Period=5, Shift=2). All transactions according to the Day Trade trading strategy should be opened according to the trend, in relation to the current time frame. Graphical signals of indicators of the Day Trade strategy to buy On chart 1, signal bars and histograms are marked with a vertical red line. 1. The Day_signal_arrow indicator should generate and visually display an upward arrow on the main chart. 2. The price must cross the line of the Day_signal_ultra indicator from below or may already be above it. 3. The Day_Look histogram bar, located in a separate window below, should be green and located above the zero level. 4. The bar of the daily histogram Day_Expl_D1, located in a separate window below, should be green and located above the zero level and the yellow moving average. 5. After all the above conditions are met, open a long Buy position after the Heiken Ashi candle closes. Chart 1. Signals to buy according to the Day Trade strategy Graphical signals of indicators of the Day Trade strategy to sell 1. The Day_signal_arrow indicator should generate and visually display an arrow pointing down on the main chart. 2. The price must cross the line of the Day_signal_ultra indicator from top to bottom or may already be below it. 3. The Day_Look histogram bar, located in a separate window below, should be red and located below the zero level. 4. The bar of the daily histogram Day_Expl_D1, located in a separate window below, should also be red and located above the zero level and the yellow moving average. 5. After all the above conditions are met, open a short Sell position after the Heiken Ashi candle closes. Chart 2. Signals to sell according to the Day Trade trading strategy After opening a trading position, we set a protective Stop Loss order and a Take Profit profit-taking level at a distance of 20 points from the entry. When the profit reaches 10 points, the protection order is transferred to the breakeven position. As you can see for yourself, the Day Trade trading strategy is relatively simple, but the tracking of open positions can be varied based on your own preferences, for example, using a trailing stop to take more profit during strong impulse movements.