TDI + Indicator Scalper
TDI plus Indicator Scalper is a good strategy that can assist Forex or Indices traders when it comes to scalping quick trade profits.
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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Indicators:
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).
-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.
-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.
-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.
-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.
Indicator Window 2:
-Load Average True Range indicator to the chart as Indicator window 2 and, apply settings as shown below.
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:
Indicator Window 4:
-Load Momentum indicator to the chart as Indicator window 4 and, apply colour settings as shown in the image below:
-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.
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.
TDI + INDICATORS SIGNALS:
SCOPE FOR MON 1 JUL 2019:
TDI +Indicator Scalper (MON 1 JUL 2019 07:46 GMT):
USDCHF 4HR CHART 21 MAR, 2019 (18:11 GMT)
EURUSD 4HR CHART 08 MAR, 2019 (16:48 GMT)
AFTER
AFTER
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