Multi Regression Degree Scalping scalping trading strategy
Multi Regression Degree Scalping scalping trading strategy is based on the use of a channel built on polynomial regression levels with three degrees of deviation.
Signals to enter a position are generated at the border of the channel (to buy - at the bottom of the channel, to sell - at the top of the channel) in combination with support and resistance levels.
Input parameters
- Currency pairs: pairs with low spread
- Timeframe: any
- 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
- Zig Zag triad (12, 5, 3) - to display support/resistance levels;
- Trend line channel (deviation: 1.618, 2.618, 3.618) - to display the channel;
- SHI-signal (optional);
- Trend signal (SR 5, FP 17, MA5, levels -0.95, +0.95) - to generate trading signals.
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
- Set the template with the name Multi Regression Degree Scalping
The schedule should look like this:
Signals indicating the opening of a long position
- The Trend signal indicator line has crossed the level of -0.95 from the bottom up, the line has a green dot;
- the price is below the median line of the channel and pushed up from levels of support;
- If the signal coincides with the price crossing the midline, such a signal can be used.
Signals indicating the opening of a short trade
- Trend signal indicator line has crossed the level of 0.95 from the top down, a red dot appeared on the line;
- the price is above the median line of the channel and pushed down from resistance level;
- If the signal coincides with the price crossing the midline, such a signal can be used.
Setting Stop Loss and Take Profit Orders
- stop loss is set above or below the resistance or support level;
- Take Profit is set depending on the currency pair and timeframe. It is recommended to close a position when the price reaches the support or resistance level, as well as when the signal line of the Trend signal indicator reaches the opposite level (-0.95 or +0.95).
Before using Multi Regression Degree Scalping trading strategy on a real deposit, we recommend that you test it on a demo account.
Download Multi Regression Degree Scalping Strategy Template and Indicators