Intraday trading strategy FX PRO 100
FX PRO 100 trading strategy is intended for intraday trading. The strategy is based on the principle of entering the market when the price rebounds from support and resistance levels. Positions are opened in the direction of the prevailing trend, so a special filter is used in the strategy.
Input parameters
- Currency pairs: AUD/USD, EUR/USD, USD/JPY, USD/CHF, USD/CAD, GBP/USD, EUR/JPY, GBP/JPY, AUD/JPY, EUR/JPY, EUR/CAD, EUR/AUD, AUD/NZD, NZD/USD
- Timeframe: M15 and H1
- Trading times: London, New York
- Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per transaction
Used indicators
- Buy Sell alerts (20, TF 240)
- Buy Sell alerts (8, TF 60)
- Show Money
- Moving Average of Parabolic Sar (MA 14, Sar 0.2, 0.05)
- GMTS Tape
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 FX100PRO_m15 (for M15 timeframe) or FX100PRO_h1 (for H1 timeframe)
The schedule should look like this:
Signals indicating the opening of a long position
- formed level of support blue;
- the line of the MA Parabolic indicator crosses the line of points from the bottom up;
- GMTS Tape blue oscillator bar.
Signals indicating the opening of a short position
- formed resistance level red;
- MA Parabolic indicator line crosses the line of points from top to bottom;
- bar of the GMTS Tape oscillator in red.
Setting Stop Loss and Take Profit Orders
- stop loss is set above/below the previous local maximum/minimum;
- Take Profit is set with a ratio to the stop-loss 1 to 3. It is allowed to close a position when support/resistance level opposite to the open trade appears.
Intraday trading strategy FX PRO 100 is great for beginner traders because of its simple rules and quite high efficiency. Before using the strategy on a real deposit, be sure to test it on a demo account.
Download FX PRO 100 Strategy Template and Indicators