Trending trading strategy 50 pips a trade
Trending trading strategy 50 pips a trade optimized for trading on time interval Н4. It is based on a combination of the signal version of the Bollinger Bands and TDI, with a filter in the form of the TMA Slope indicator.
Since the 50 pips a trade strategy is trending, the author recommends tracking trends on the daily and weekly timeframes, opening trades only in their direction.
Input parameters
- Currency pairs: any
- Timeframe: H4
- 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
- Weekly pivots
- Montly pivots
- Mid montly pivots
- TMA Slope
- TDI with alert
- XCODE
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 50 pips a trade
The schedule should look like this:
Signals indicating the opening of a long position
- There is a Buy signal on the XCODE indicator;
- The green line of the TDI indicator is above the yellow line;
- TMA Slope histogram columns above the 0.4 level.
Signals indicating the opening of a short position
- the Sell signal of the XCODE indicator appeared;
- The green line of the TDI indicator is below the yellow line;
- The columns of the TMA Slope histogram are below the -0.4 level.
Setting Stop Loss and Take Profit Orders
- stop loss is set at a distance of 30-50 points;
- Take Profit is set at a distance of 30-60 points or at one of the pivot levels.
Before using 50 pips a trade trend trading strategy If you have a real deposit, be sure to test it on a demo account.
Download 50 pips a trade strategy template and indicators
Other profitable trading strategies
Fast RSI with Double Bands Trading Strategy for Binary Options, Scalping and Day Trading