This is a scalping strategy that uses a 5 minute timeframe or higher and is applicable to any currency pairs. It uses 4 indicators but it’s not really that hard to enter a trade for the rules are easy to understand. Just stick to the rules and trading will be smooth.
- RealMACD (5. 15,1);
- Stock Rainbow (1, 3)
- Trend Dynamic Index (default)
How to trade with Trend Dynamic Index Forex Scalping Strategy?
- Green line TDI is greater than red and yellow line.
- Real MACD is greater than 0.
- Green line must less than red and yellow line.
- Real MACD is less than 0.
- Stochastic Rainbow was concentrated in oversold or overbought area.
- Take profit at 6-12 pips depending on the currency pairs and place stop loss at 5 pips above or below the bar entry.
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 post.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select “Trend Dynamic Index Forex Scalping Strategy” template to apply it on the chart.
Note: This indicator was developed by T. Morris. AtoZ Markets does not carry any copyrights over this trading tool.