The Scalping with Spike Detector and TMA Band strategy is designed to seize fleeting opportunities amidst volatile currency pairs and assets like Gold, Nasdaq, and BTCUSD. With its dual approach, traders can harness the power of both the Spike Detector and TMA Bands to navigate trend and counter-trend scenarios, offering flexibility and robustness in execution.
Unveiling
the Strategy Setup
Time
Frame and Currency Pairs
The strategy operates effectively on
time frames of 30 minutes or higher, accommodating traders with
different preferences. Currency pairs marked by volatility such as
GBPUSD, GBPJPY, and AUDJPY are particularly suitable for this
approach, alongside assets like Gold and Nasdaq.
Key
Indicators
Fischer
(Period 10): Provides insight into market momentum.
TMA Band
(12,100,1.8,4): Offers dynamic support and resistance levels.
Spike
Detector: Identifies rapid price spikes for timely
entries.
Accelerator: Acts as a robust filter to enhance signal
quality.
Half Trend New release (Amplitude 20): Serves as a
reliable trend indicator.
Trading
Rules: Spike Detector Model
Buy
Signals
Half
Trend blue line.
Buy arrow spike detector.
Sparta Spears
(Fisher indicator) green bar.
Accelerator green bar.
Sell
Signals
Half
Trend red line.
Sell arrow TMA or sell arrow spike
detector.
Sparta Spears (Fisher indicator) red bar.
Accelerator
red bar.
Trading
Rules: TMA Band Model
Buy Signals
Price
hits or breaks the lower band.
Buy arrow TMA.
Sparta Spears
(Fisher indicator) green bar.
Sell
Signals
Price
touches or breaks the upper band.
Sell arrow TMA.
Sparta
Spears (Fisher indicator) red bar.
Exit
Strategy
Implement
a profit target with a stop-loss ratio of 1:1 or 1:1.2.
Place
stop-loss orders below/above the previous swing high/low to manage
risk effectively.
Conclusion
In
conclusion, the Scalping with Spike Detector and TMA Band strategy
offers a comprehensive framework for capturing rapid movements in the
market. Whether trading with the Spike Detector or TMA Bands, traders
can adapt to various time frames and market conditions with
confidence. While the Fischer indicator provides reactive insights,
traders seeking non-repainting alternatives can explore the Precision
Trend (27, 2.7) for added precision. With a triple confirmation entry
approach and robust filtering mechanisms, this strategy equips
traders with the tools needed to navigate the dynamic landscape of
scalping with finesse and efficiency.
Download
https://drive.google.com/drive/folders/1oG90OtAXJqDv3Dcm45l--3tRjX7VyZNY?usp=sharing
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