How To Trade (Part 8)

“How To Trade (Part 8)” is the eight strategy publication series on how traders can trade Forex or Volatility Index on the mobile Meta Trader application.

However, the eight series on how to trade Forex or Volatility Index is also indicator based just like the previous publications.

 

 


BUY

Traders can as well load the settings on the Personal Computer as well as on the mobile device.

This strategy works great on all Meta Trader time frames.

Moreover, you can apply this strategy to trade VIX assets, Forex, Gold, NAS 100, Step Index, Boom and Crash index.

The strategy is good for scalping profits on smaller time frames (1 minute to 1 hour time frames).

It is very good as a scalping strategy that you can use for trend following on higher time frames especially the time frames that are higher than 1hr TF.

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Support and Resistance

BeanFX Volatility Index 75 Scalper

Trendline Breakout Strategy

Megaphone Price-Swing Strategy

Three White Soldiers

Fibonacci Strategy

Flag Patterns

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Indicators:

The image below shows the list of indicators that you can install for this strategy setup;

indicator list of how to trade part 8

Main Chart:

The image below also shows the list of indicators that you can install for the main trading chart;

main chart

HOW TO TRADE PART 7

21 and 8 ma

 

 

You may install the following indicators on the main chart:

  1. Fractals
  2. 17 moving average, Linear Weight, color is Grey
  3. 21 Exponential Moving Average (Red color) and
  4. 8 moving average, Linear Weight, (Orange color)

How It Works On The Main Chart:

Basically, you simply place a Sell trade on the main chart if price cross down and close below all three moving averages.

On the other hand, if price cross up and close above all three moving averages, then you haveย  Buy signal.

How-To-Trade-Part-7-indicators-main-sell and buy

 

Indicator Window 1:

indicator window one

 

How-To-Trade-Part-7-indicators-window-1-chart-MACD and others

bollinger bands

moving ave

 

 

Install the following indicators on your Indicator window 1 chart:

  1. MACD, Fast EMA is 12, Slow EMA is 26, and MACD SMA is 9.
  2. Relative Strength Index RSI period is 14.
  3. Bollinger bands period is 340. Deviation is 2.0.
  4. 200 period moving average, Linear Weight, apply to Close, color is Green.
  5. 9 period Exponential moving average, apply to Close, color is Red.
  6. 13 period Exponential moving average, apply to Close, color is Blue.
  7. 20ย period Exponential moving average, apply to Close, color is Orange.

How It Works:

On Indicator window 1, when the Red, Orangeย and Blueย moving average lines cross above the Green line,ย turning upwards, we have a Buy signal.

For a Bullish scenario, the Red, Orangeย and Blue lines must be close to the lower Bollinger band as they crosses above the Green line.

BUY

On the other hand, when the Red, Orangeย and Blueย moving average lines crosses down below the Green line, turning downwards, we have a Sell signal.

For a Bearish scenario, the Red, Orangeย and Blue lines must be close to the upper Bollinger band as they crosses below the Green line..

 

SELL

The image below shows a typical trade progression for a Bullish price development after alignment of signals on the two windows.

BUY

While on another image below, it shows a typical trade progression for a Bearish price development after alignment of signals on the two windows.

SELL

 

Allow the alignment of all signals on both the main and Indicator window 1 charts before placing your trade(s) in the direction of signal.

(Try this on a demo account first!)

TP and SL

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Volatility

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