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Trend Dynamic Index Forex Scalping Strategy

Jul 16, 2019
Trend Dynamic Index Forex Scalping Strategy

You can now download the Trend Dynamic Index Forex Scalping Strategy for free on AtoZ Markets indicators gallery.

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.

Forex Indicators:

  • RealMACD (5. 15,1);
  • Stock Rainbow (1, 3)
  • Trend Dynamic Index (default)

How to trade with Trend Dynamic Index Forex Scalping Strategy?

Long Entry:

  • Green line TDI is greater than red and yellow line.
  • Real MACD is greater than 0.

Short Entry:

  • Green line must less than red and yellow line.
  • Real MACD is less than 0.

Exit Position:

  • 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:

  1. Click on “Download Indicator” button located at the top right corner of the screen.
  2. Save the file to your computer.
  3. Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
  4. Restart your Metatrader platform.
  5. Navigate to “Indicators.”
  6. 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.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.