Trend Trading Strategy "Sellers and Buyers"
Sellers and Buyers Trading Strategy is based on the trend trading principle and uses a number of additional filters to increase efficiency.
Input parameters
- Currency pairs: any.
- Timeframe: M15 and higher.
- Bidding time: any.
- Risk Management: After calculating the stop loss, choose this lot sizeto risk no more than 2-5% of the deposit per trade.
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 a template named Buyers and Sellers System.
The schedule should look like this:
Signals indicating the opening of a long position (buying)
- The slanted channel is directed upward.
- Indicator ichi360 (panel on the right) confirms upward trend.
- The Buyers vs Sellers indicator has a green bar.
- On the SDO-71_DotSight indicator, the green line crosses the red line from bottom to top.
- A stop loss is placed under the nearest local minimum.
Signals indicating the opening of a short position (sale)
- The slanted channel is directed downward.
- Indicator ichi360 confirms downtrend.
- A red bar appeared on the Buyers vs Sellers indicator.
- On the SDO-71_DotSight indicator, the green line crosses the red line from top to bottom.
- The stop loss is placed over the nearest local maximum.
Trading strategy "Sellers and Buyers" - is an example of classic trend trading, which provides entry into the deal when the price rebounds from the trend line. The positive point is the use of additional filters, which will allow to sift out the majority of unprofitable trades. The rules of the strategy are not complicated and are available even to novice traders.
Download template and indicators
Hello! Interesting strategy, but I would like to see the recommended settings for indicators. If it is possible of course.