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
- 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
- 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:
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.
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.
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.