Trading strategy for trading Pet-D Scalping System

Intraday trend trading strategy based on the Pet-D indicator. Also suitable for trading binary options.

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

1. Unpack the archive.
2. Copy the template into the templates folder.
3. Copy the indicators to the folder MQL4 -> indicators.
4. Restart the terminal.
5. Open the chart of the desired currency pair.
6. Install the template named Pet-D Scalping System.

The schedule should look like this:

Signals indicating the opening of a long position (buying)

1. A green bar appeared on the chart (indicator PET-D).
2. A green bar appears on the DoubleCCIWoody indicator histogram.
3. RSI Oscillator above the 55 level.
4. A stop loss is placed under the nearest local minimum.

Signals indicating the opening of a short position (sale)

1. A red bar appeared on the chart.
2. A red bar appeared on the DoubleCCIWoody indicator histogram.
3. The RSI oscillator is below the 45 level.
4. Stop Loss is put over the nearest local maximum.

Options for closing positions

The deal is closed at the level of support/resistance, or a fixed take profit of 9-14 pips is used. When a profit of 8 pips is achieved, the position is moved to Breakeven.

Download template and indicators

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