Blog
Traders intraday trading strategy is a fairly simple yet effective
trending system for day trading and scalping.
Input
parameters
Currency
pairs: any with a low spread
Timing:
M5 and later
Trading
hours: London, New York
Risk
Management: Choose a lot size such that the risk does not exceed 2-5%
of the deposit per trade
Indicators
used
Clock
time
Stop
and reverse (period 10, multiplier 3.0)
Vortex
Zorex
V.3
Installation
of indicators and system template
Unpack
the archive with templates and indicators
Copy
the indicators into the MQL4 -> indicators folder
Copy
the templates to the templates folder
Restart
the terminal
Opening
the chart of the required currency pair
Install
a template called Blog Traders
The
graph should look like this:
Trading
rules Blog Trader Scalping Forex Strategy
Long
Entry
Signals
that indicate the opening of a buy position
a
blue up arrow appeared;
the
blue line of the Vortex indicator is above the red one;
green
histogram of Zorex V.3.
Short
entry
Signalss
that indicate the opening of a sell position
a
red down arrow appeared;
the
red line of the Vortex indicator is above the blue;
red
histogram of Zorex V.3.
Stop
loss and take profit setting
the
stop loss is set above / below the previous local maximum / minimum;
the
take profit is set at 15-30 points depending on the currency pair and
the time period.
Before
using Blog Traders trading strategy for day trading and scalping on a
real deposit, we recommend that you test it on a demo account.
In
the pictures examples of trades of Blog Trader Scalping Forex
Strategy.
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