Trend
line scalper is a trading system for scalping. The main feature of
this system is that ther is a Trend scanne for find the best trades
in real time. This strategy is suitable for also for renko and median
renko chart.
Features
of Trend Line Scalper:
Style:
Scalping, Day trading.
Type:
Trend Momentum, Price Action.
Time
Frame 5 min, 15 min.
Currency
pairs: Volatility Pairs.
Sessions:
London and New York
Platform:
Metatrader 4.
Median
Renko 5-10 pips.
Metatrader
4 Indicators
Bid
AsK line
TMT
EMA 7
TMT
EMA 20
Daily
Candle
TMT
Trend Scanner
Pivot
Dots
X
Super trend Candles
UP
And down
BP
RSI
BP
MFI
Trading
rules TMT Scalper with Trend Scanner
Long entry 1. Daily candle is green 2. Relative Strength Index filter is above 50 3. Money Flow Index is above 50 4. Uptrend (7 EMA is above 20 EMA) 5. Price pullback inside 7 and 20 EMA 6. Draw TrendLine from highest swing 7. Wait for price to break above trendline and bar is closed 8. Set your SL/TP (From 10 to 30pips) Short entry 1. Daily candle is red 2. Relative Strength Index Filter is below 50 3. Money Flow Index Meter is below 50 4. Downtrend(7 EMA is below 20 EMA) 5. Price pullback inside 7 and 20 EMA 6. Draw TrendLine from lowest swing 7. Wait for price to break below trendline and bar is closed 8. Set your SL/TP (From 10 to 30pips) TMT Trend Scanner 1. Blue button is Buy Signal. 2. Red button is Sell Signal. 3. Alert On/Off will auto turn OFF when you change the Symbol. Alert type is in "Input" tab. You can turn it ON when you want leave your computer. 4. Added Inner Trend Filter (new). 5. Trendline will remain on chart until you change the symbols. 6. TrendLineA, TrendLineB, TrendLineC, InnerSignal is a GROUP.
Any
ONE of them met the conditions means valid signal.
In
the foldere there are templates with Support and Resistance
indicator
and Volty channel (setting 5 period)
Template
for Renko and median renko Chart.
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