Almo Trading intraday trading strategy for cross rates

Trading strategy Almo Trading The strategy is designed for trading at the cross-rates and is built using several indicators, which mutually confirm each other's signals. The strategy is developed by the users of forexfactory.com, you can join its discussion here.

Input parameters

• Currency pairs: EURNZD, EURAUD, GBPJPY, GBPAUD, GBPNZD, GBPCAD.
• Timeframe: M5, M1
• Bidding time: European session (until the close of London).
• Risk Management: After calculating the stop loss, choose this lot sizeto risk no more than 2-5% of the deposit per trade.

Installing indicators and strategy template

1. Unpack the archive with templates and indicators.
2. Copy the indicators to the folder MQL4 -> indicators.
3. Copy the templates into the templates folder.
4. Restart the terminal.
5. Open the chart of the desired currency pair.
6. Install the template with the name Almo Trading.

The schedule should look like this:

Signals indicating the opening of a long position (buying)

• The price is above the blue line of the H1 Gann High/Low indicator.
• The price is above the green line of the M30 SSL Fast indicator.
• The price is above the yellow step line of the MTF EMA indicator (21).
• The price is above the blue line of the Hull Moving Average indicator (1000).
• The price is above the white line of the MTF SMA indicator (200).
• The white bar indicator Wilder DMI (under the price chart) is above level 4.
• The green bar of the TMASlope True indicator is above the 0.4 level.
• Optional prerequisite: TMASlope True indicator (lower left corner) indicates what to buy.
• Stop Loss is put under the nearest local minimum.

Signals indicating the opening of a short position (sale)

• The price is below the red line of the H1 Gann High/Low indicator.
• The price is below the red line of the M30 SSL Fast indicator.
• The price is below the yellow step line of the MTF EMA indicator (21).
• The price is below the red line of the Hull Moving Average indicator (1000).
• The price is below the white line of the MTF SMA indicator (200).
• The red bar indicator Wilder DMI (under the price chart) is below the level of -4.
• The red bar of the TMASlope True indicator is below -0.4.
• Optional prerequisite: TMASlope True indicator indicates that it is necessary to sell.
• The stop loss is placed over the nearest local maximum.

Additional recommendations from the experts at fortrader.org:

• The ratio of risk to profit should be at least 1:1.
• If the price is near a support/resistance level, a trade is not opened, even if there is a signal.
• Trading is not conducted 30 minutes before and 15 minutes after the release of news that affect the movement of the currency pair.

Download Trading Strategy Template and Indicators

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