Today, I am introducing the Moving Min and Max Price Action strategy for MT5. This trading system relies on the Moving Min and Max indicator and applies filtering through Support and Resistance Zones. Entry timing is determined by the appearance of Half Trend Buy and Sell arrows.
This strategy is primarily founded on the Moving Min and Max indicator, which identifies turning points in medium-term trends. Entry points are determined by price action bouncing off support or resistance levels, coupled with the appearance of an arrow pointing in the same direction as indicated by the Moving Min and Max indicator.
Here's the setup for this strategy:
Strategy Setup:
Applicable to all currency pairs.
Metatrader 4 Indicators:
Half Trend Buy and Sell indicator with an amplitude of 2.
Forex Signals.
Supply and Demand.
In the Sub Window:
4. Moving Min and Max MT4 indicator.
Trading Rules for the Moving Min and Max Strategy:
Execute trades exclusively in the direction of the prevailing main trend.
Identify an upward trend when the Moving Min and Max indicator displays an aqua-colored bar. For a downward trend, look for a red bar.
For Long Positions:
Buy.
Observe the price bouncing off or being in proximity to the support zone.
Look for a buy arrow on the Half Trend Buy and Sell indicator.
Open a long position at the start of the next bar.
For Short Positions:
Sell
Ensure the price bounces off or is near the resistance zone.
Search for a sell arrow on the Half Trend Buy and Sell indicator.
Open a short position at the commencement of the next bar.
Exit Position:
Exit at support or resistance levels or when the Moving Min and Max indicator changes direction.
Place the initial stop loss above or below the support/resistance zone.
Here are some trade examples to illustrate how this strategy works in practice.
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