Strategy for DMI and SuperTrend indicators
This scalping trading strategy for trading on can be used on various currency pairs and even instruments of other markets available in MetaTrader 4 terminal at your broker, but it is recommended to start using it with GBP/JPY. The strategy is indicator based and uses three indicators for determining entry points: DMI, SuperTrend, QQE. The system is not limited by the time interval, so each trader can adjust it individually for himself.
Trading Strategy Indicator Parameters
1. Set the SuperTrend indicator: CCI - 60, ATR - 7.
2. DMI: Smooth - 8, level - 20.
3. QQE: SF - 5.
Buy trade signal
1. First of all, look at the SuperTrend. It should be green.
2. We look at the DMI indicator. For a buy condition, the blue line must cross and be above the red line.
3. In the QQE indicator, the thick blue line must cross upward through the dotted line.
4. When all three conditions coincide, we can enter the market.
Sales transaction rules
1. Look at the SuperTrend. It should be red.
2. We look at the DMI indicator. For a sell condition, the blue line must cross and be below the red line.
3. In the QQE indicator, the thick blue line must cross down the dotted line.
4. When all three conditions coincide, we can enter the market.
Strategy order management options
Trending version of the trading strategy
You can trade over long distances, because the SuperTrend indicator is primarily a trend indicator. In order to catch very large movements, it is recommended to change the indicator parameters to large.
Using this option (trend) and the standard settings of the indicator, Take profit Put in the range of 40-45 pips. Stop Loss 45 pips. After 20-25 pips, we transfer the position to Breakeven.
2. Scalping
Take Profit - 10 points. StopLoss - 40 points. In this case, most transactions will be in profit, at least on H1.