Trend Trading Strategy Smart Trader Indonesia System
Trend Trading Strategy Smart Trader Indonesia System is built on a combination of resistance and support levels with oscillator indicating zones overbought or oversold, and a filtering trend indicator.
Input parameters
- Currency pairs: any
- Timeframe: M5 and older
- Bidding time: any
- Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per transaction
Used indicators
- Key levels
- Support and resistance ZZ
- Symbol pairs
- STI Obos oscillator
- XCODE
Setting up the price chart
- Unpack the archive
- Copy the template into the templates folder
- Copy the indicators to the folder MQL4 -> indicators
- Restarting the terminal
- Open the chart of the desired currency pair
- Install a template named Smart Trader Indonesia System
The schedule should look like this:
Signals indicating the opening of a long position
- the price pushed up from the blue support lines;
- The yellow Obos indicator line has crossed the red line from bottom to top;
- the price is above the blue line indicator XCODE, in the upper right corner of the up arrow (Buy).
Signals indicating the opening of a short position
- the price pushed down from the red resistance lines;
- The yellow Obos indicator line crossed the red line from top to bottom;
- the price is below the red line indicator XCODE, in the upper right corner of the down arrow (Sell).
Setting Stop Loss and Take Profit Orders
- stop loss is set above/below the previous local maximum/minimum;
- Take Profit is set in the ratio of at least 1.18:1 to the stop loss. If the arrow appears in the opposite direction, it is recommended to close the trade.
Before using Smart Trader Indonesia System trend trading strategy If you have a real deposit, be sure to test it on a demo account.
Download Smart Trader Indonesia System Strategy Template and Indicators