AtoZ Markets' indicators gallery now offers the Super Mega Winner trading strategy as a free download.
Super Mega Winner trading system is an intraday momentum system that uses the Commodity Channel Index and Super Mega Winner indicators. This trading strategy is best used with currency pairs with low spreads of up to 2.8 pip.
How do you trade with the Super Mega Winner strategy
First, only use the system on trending pairs. Avoid ranging markets. Use a longer time frame to determine the phase of the pair. Also, refer to the guide on how to track the trend in Forex.
Conditions for purchase
These conditions are necessary to make an instrument last for a long time:
- Price is higher than EMA 55
- The Super Mega Winner indicator displays a gray dot
- Histogram CCI has a gray bar.
These conditions are necessary to shorten an instrument:
- Price below EMA 55
- Super Mega Winner indicator shows red dot;
- Histogram CCI has a red bar.
Depending on the timeframe, take profit targets can be set. Take profit for M15 should be between 12-18 pip, and M30 should be between 15-22 pip. At the pivot alert levels, exit is possible. Order could also be maintained as long as the trend continues. Stop loss should be set at the previous high/low. You can move it at the entry price after a profit of 10 or 13 pips on 15 and 30-minute time frames, respectively.
How to allow .DLL imports on MT4?
You might be asked to allow to import .DLL files to your MetaTrader4. To do so, go to Tools>>Options>> Expert Advisors tab on the platform menu and tick the “Allow DLL imports” field. Also, check to allow DLL imports on the indicator’s settings window.
How to download and install an indicator?
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on “Download Indicator” button located at the bottom of the screen.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader 4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select “Super Mega Winner trading strategy” template to apply it on the chart.
Note: Super Mega Winner trading strategy was developed by TradingSystemForex and was sent by an AtoZ Markets follower from the Netherlands. AtoZ Markets does not carry any copyrights over this trading tool.