TDI + Indicator Scalper

This strategy combines six Meta Trader indicators in order to determine trade entry and exit signals. The indicators are 1. Moving Averages (Simple Moving Average SMA) and 2. Bollinger Bands 3. Average True Range 4. Average Directional Movement Index 5. Momentum and Force Index.

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Introducing the Pips-Beantrapper Indicator!

 

TDI + INDICATORS SIGNALS:

SCOPE FOR 25 MAR, 2019 (7:17 GMT)

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SCOPE FOR 22 MAR, 2019 (7:17 GMT)

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USDCHF 4HR CHART 21 MAR, 2019 (18:11 GMT)

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SCOPE FOR 21 MAR, 2019 (7:16 GMT)

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SCOPE FOR 20 MAR, 2019 (7:33 GMT)

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SCOPE FOR 11 MAR, 2019 (8:20 GMT)

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EURUSD 4HR CHART 08 MAR, 2019 (16:48 GMT)

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AFTER

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AFTER

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SCOPE FOR 08 MAR, 2019 (7:48 GMT)

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SCOPE FOR 07 MAR, 2019 (7:39 GMT)

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SCOPE FOR 06 MAR, 2019 (7:41 GMT)

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SCOPE FOR 05 MAR, 2019 (7:52 GMT)

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SCOPE FOR 04 MAR, 2019 (7:25 GMT)

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SCOPE FOR 01 MAR, 2019 (7:21 GMT)

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Indicators:

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Main Chart:

(Optional) 50 Exponential Moving Average, 50 Simple Moving Average and 200 Simple Moving Average (all set to close).

Indicator Window 1:

-Load Relative Strength Index RSI indicator as indicator 1 (default setting). Change the colour to the MT4 background colour (since RSI line is not needed).

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-Drag and drop Moving Average indicator (from the navigator menu on the left side) to Indicator window 1, set 3 Period Simple Moving Average (Apply to Previous Indicator’s Data). Change colour to Green.

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-Drag and drop Moving Average indicator (from the navigator menu on the left side) to Indicator window 1, set 8 Period Simple Moving Average (Apply to Previous Indicator’s Data). Change colour to Red.

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-Drag and drop Bollinger Band indicator (from the navigator menu on the left side) to Indicator window 1, set 34, Deviations 1.619  (Apply to First Indicator’s Data). Change colour to White.

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-Drag and drop Moving Average indicator (from the navigator menu on the left side) to Indicator window 1, set 33 Period Simple Moving Average (Apply to First Indicator’s Data). Change colour to Blue.

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Indicator Window 2:

-Load Average True Range indicator to the chart as Indicator window 2 and, apply settings as shown below.

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Indicator Window 3:

-Load Average Directional Movement Index indicator to the chart as Indicator window 3 and, apply colour settings as shown in the two images below:

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Indicator Window 4:

-Load Momentum indicator to the chart as Indicator window 4 and, apply colour settings as shown in the image below:

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-Drag and drop Force Index indicator (from the navigator menu on the left side) to Indicator window 4, apply default setting as shown below. Change colour to Yellow.

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How it works:

-Indicator window 1: Buy when the Green moving average cross the Red moving average to the upper side (especially outside and below the Lower Bollinger Band).

Sell when the Green moving average cross the Red moving average to the lower side (especially outside and above the Upper Bollinger Band).

 

-Indicator window 2: Prepare to Buy or Sell when the ATR line is turn up to form a peak, or has just formed a peak.

 

-Indicator window 3: Buy when the Green ADX line cross above the 17 horizontal line.

Sell when the Red ADX line cross above the 17 horizontal line.

 

-Indicator window 4: Buy when the Momentum and Force Index lines cross above the 100 horizontal line.

Sell when the Momentum and Force Index lines cross below the 100 horizontal line.

 

Exit the trade when the Green line crosses the Red line in the opposite direction at the other side of the Bollinger Band.

This strategy can be used on all time frames.

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Caution: Forex trading is risky. It is advisable that you acquire enough experience before you start to trade with real money. Do not invest in money that you cannot afford to lose (it is important that you study leverage, lot size, and money management in Forex trading very well before you execute your trade decision).

To trade in the Forex Market you must first sign up with a Forex Broker. There are lots of Forex Brokers out there that offer good service to their clients. Services include tight spread, partnership amongst others. My preferred brokers are 1. Alpari (https://alpari.com/en/?partner_id=1244646) 2. Exness (https://www.exness.com/a/t0q1u0q1) and 3. FXTM (http://forextime.com/?partner_id=4806145). You may sign up through any of the partner links above. You may also send me a mail in case you need me to guide you on how to sign up and start trading (beanfxtrader@gmail.com).

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