Hi,
Not good at english but i tried to explain. if anyone have doubt ask me. apply it on ur mt4 and try it first. its still in backtesting phase
Use 5min timeframe.
Everyday after 1 hour candle close
Buy Rules:
Previous day close is above trend identifier [trend identifier is based on h4 timeframe].trend have to consider up till previous day close is above trend identifier
Blue candle appears before or after buy arrow [lime colour]
3 entries with stoploss:
1% stop loss at today low
2% stop loss at today low
3% stop loss 5pips below today pivot point
Entries:
Place BuyStop order 2 pips above the candle where buy arrow[blue candle must be appeared before] or blue candle appear[buy arrow must be appeared before]
Take Profit:
1:1 risk reward. 1% stop loss trade use 1:2 risk reward or let it run or close whenever you wish.
Sell Rules:
Previous day close is below trend identifier [trend identifier is based on h4 timeframe]. trend have to consider down till previous day close is above trend identifier
Red candle appears before or after sell arrow [yellow colour]
3 entries with stoploss:
1% stop loss at today high
2% stop loss at today high
3% stop loss 5pips above today pivot point
Entries:
Place Sellstop order 2 pips below the candle where sell arrow[red candle must be appeared before] or red candle appear[sell arrow must be appeared before]
Take Profit:
1:1 risk reward. 1% stop loss trade use 1:2 risk reward or let it run or close whenever you wish.
Not good at english but i tried to explain. if anyone have doubt ask me. apply it on ur mt4 and try it first. its still in backtesting phase
Use 5min timeframe.
Everyday after 1 hour candle close
Buy Rules:
Previous day close is above trend identifier [trend identifier is based on h4 timeframe].trend have to consider up till previous day close is above trend identifier
Blue candle appears before or after buy arrow [lime colour]
3 entries with stoploss:
1% stop loss at today low
2% stop loss at today low
3% stop loss 5pips below today pivot point
Entries:
Place BuyStop order 2 pips above the candle where buy arrow[blue candle must be appeared before] or blue candle appear[buy arrow must be appeared before]
Take Profit:
1:1 risk reward. 1% stop loss trade use 1:2 risk reward or let it run or close whenever you wish.
Sell Rules:
Previous day close is below trend identifier [trend identifier is based on h4 timeframe]. trend have to consider down till previous day close is above trend identifier
Red candle appears before or after sell arrow [yellow colour]
3 entries with stoploss:
1% stop loss at today high
2% stop loss at today high
3% stop loss 5pips above today pivot point
Entries:
Place Sellstop order 2 pips below the candle where sell arrow[red candle must be appeared before] or red candle appear[sell arrow must be appeared before]
Take Profit:
1:1 risk reward. 1% stop loss trade use 1:2 risk reward or let it run or close whenever you wish.
Attached File(s)
indi temp.zip
198 KB
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412 downloads
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Uploaded Feb 12, 2020 9:03am
Still learning. Telegram @TraderJaya
divergence scalping All Time Return:
-99.8%