Pips Striker intraday trading strategy
Pips Striker trading strategy is designed for intraday trading. The strategy uses elements of trend trading.
Input parameters
- Currency pairs: any
- Timeframe: M15
- Bidding time: London, New York.
- Risk Management: After calculating the stop loss, choose this lot sizeto risk no more than 2-5% of the deposit per trade.
Used indicators
- MT4 background
- Currency power
- Pivots D black
- Arrows & Curves
- MT 4 Gann SW (30 min) MTF
- Deep Bar Indicator
Setting up the price chart
- Unpack the archive.
- Copy the template into the templates folder.
- Copy the indicators to the folder MQL4 -> indicators.
- Restart the terminal.
- Open the chart of the desired currency pair.
- Install the template named RK3
The schedule should look like this:
Signals indicating the opening of a long position (buying)
- The blue arrow of the Arrows & Curves indicator has appeared
- MT 4 Gann SW indicator bar in blue color
- Deep Bar Indicator column in blue color
- Purchased currency strength on the Currency power indicator > 55 %
Signals indicating the opening of a short position (sale)
- The red arrow of the Arrows & Curves indicator has appeared
- MT 4 Gann SW indicator bar in pink color
- Deep Bar Indicator column in red color
- The strength of the currency, against which we sell, on the indicator Currency power > 55 %
Exiting a deal and placing a stop-loss order
Exit from a deal is assumed at appearance of an arrow of the opposite direction or at achievement by the price of the Pivot level.
Stop Loss is set above/below the previous local maximum/minimum.
Our experts pay attention to the fact that when trading you should take into account - MT 4 Gann SW (30 min) MTF indicator can redraw its signal in the range of one bar, because the intraday trading strategy Pips Striker is "sharpened" for the timeframe M15, and the indicator gives signals from M30.
Before using Pips Striker trading strategy for day trading on a real deposit, we strongly recommend testing it on a demo account.
Download Pips Striker trading strategy template and indicators
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