Power Dynamite Areas strategy for trading by levels

Power Dynamite Areas Strategy - is a simple system designed to trade from levels support и resistance. The strategy Power Dynamite Areas is built on only two technical indicators, but gives very accurate signals for entry and has a high profitability

Input parameters

  • Currency pairs: any
  • Timeframe: M30 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

  • Power Dynamite Areas
  • MBFX timing

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 Power Dynamite Areas

The schedule should look like this:

Power Dynamite Areas strategy for trading by levels
Power Dynamite Areas trading strategy template

Signals indicating the opening of a long position

  • the price rebounded from the resistance level L2 or L3, or broke them from the top down;
  • The MBFX timing indicator line has changed color to red.
Power Dynamite Areas strategy for trading by levels
Examples of entering a long position

Signals indicating the opening of a short trade

  • the price rebounded from the support level L2 or L3, or broke them from the bottom upwards;
  • The MBFX timing indicator line has changed color to blue.
Power Dynamite Areas strategy for trading by levels
Examples of entering a short position

Setting Stop Loss and Take Profit Orders

  • stop-loss is set above/below the previous maximum/minimum;
  • Take Profit is set at a minimum ratio of 1:2 to Stop Loss. It is also recommended to use trailing stop.

Before using Power Dynamite Areas trading strategy on a real deposit, we recommend that you test it on a demo account.

Download Power Dynamite Areas Strategy Template and Indicators

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