Get Profit trading strategy for scalping and day trading
Get Profit trading strategy is intended for scalping and intraday trading, but is also good for trend trading.
The Get Profit strategy uses the Ozymandias and Super Signal Channel indicators to generate trading signals and the Premium Fx Scalper indicator to filter them.
Input parameters
- Currency pairs: pairs with low spread
- Timeframe: M5-M15 (for scalping and action trading), H1-H4 (for trend trading)
- Trading times: London, New York
- Risk management: after calculating the stop-loss, choose such a volume of lot, that the risk was not more than 2-5% of the deposit per trade
Used indicators
- Ozymandias line trend indicator (amplitude 2)
- Super Signal channel (4)
- Premium FX Scalper (21)
- Sweet Spot levels (optional, for scalping and intraday trading)
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 Get Profit
The schedule should look like this:
Signals indicating the opening of a long position
- a green up arrow appears;
- the price broke up through the upper limit of the channel;
- Ozymandias indicator line is green;
- bar of the Premium FX Scalper indicator in green.
Signals indicating the opening of a short trade
- a red down arrow appeared;
- the price broke down the lower limit of the channel;
- Ozymandias indicator line in red;
- bar of the Premium FX Scalper indicator in red.
Setting Stop Loss and Take Profit Orders
- stop loss is set above or below the border of the channel, taking into account the spread;
- Take Profit is set depending on the currency pair and timeframe. For scalping the recommended values are 5-10 pips, for intraday trading - 10-20 pips;
- In addition, for setting stop-loss and take-profit orders, you can use the levels of the Sweet Spot levels indicator.
Author Get Profit trading strategy for scalping and day trading recommends opening no more than two trades in the same direction. When using the Get Profit strategy on a real deposit, be sure to test it on a demo account.
Download Get Profit Strategy Template and Indicators