BeanFX V7 Mulilo Scalper
BeanFX V75 Mulilo Scalper Strategy will assist Volatility Index 75 traders on how on scalp quick V75 profits. Mulilo (a South African native word for fire) is used in name of this strategy due to it’s 76% success rate.
Traders can also use this strategy to generate signals for Indices, NAS 100, XAUUSD and Forex Currency Pairs.
However, to load the settings for this strategy on your chart, you will install four Meta Trader indicators.
The indicators are Moving Average, MACD, Heiken Ashi and Zik Zag indicators.
This strategy is best used on the Personal Computer as Mobile phone traders may no be able to load all the settings on the chart.
The ideal time frame for this strategy is five minutes time frame. (Please try this strategy on a demo account before going live).
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How To Setup The Indicators;
Moving average, Heiken Ashi and Zig Zag indicators are installed on the main MT5 window with the following settings:
Buy signal occurs on the main window whenever the Heinken Ashi turns to Blue color and forms three consecutive Blue Bars. See image below;
Note: You must wait for the third Heiken Ashi candle to close with a Blue color.
Additional Buy signal occurs on the main window whenever both price and the Zig Zag line cross above the Purple Moving Average line. See image below;
However, Buy Confirmation will occur if price forms a higher high with the Zig Zag forming a higher point.
Sell signal occurs on the main window whenever the Heinken Ashi turns to Red color and forms three consecutive Red Bars. See image below;
Note: You must wait for the third Heiken Ashi candle to close with a Red color.
Additional Sell signal occurs on the main window whenever both price and the Zig Zag line cross below the Purple Moving Average line. See image below;
However, Sell Confirmation will occur if price forms a lower low with the Zig Zag forming a lower point.
Indicator Window 1;
Install the following settings on Indicator Window 1;
Indicator Window 1 is where you get your Buy and Sell trigger.
Buy trigger occurs when the Red moving average line crosses up above the DodgerBlue moving Average.
On the contrary, Sell trigger is when the Red moving average line crosses down below the DodgerBlue moving Average.
- Buy or Sell trigger must occur first on Indicator Window 1
- Price and Zig Zag must cross and close above or below purple line
- And price and Ziz Zag must form higher high or lower low.
(Broker: Alpari … https://alpari.com/en/?partner_id=1244646)
(Broker: Exness … https://www.exness.com/a/t0q1u0q1)
(Broker: FXTM… http://forextime.com/?partner_id=4806145)