Forex trading system “MHDMT with Momentum Scalper
This system is designed for intraday trading on timeframes of 5 minutes, 15 minutes and 30 minutes. It is also suitable for reversal trading and for binary options. For binary options, the expiry time is 3-4 candles. You can use any currency pairs, but in the most volatile time of the London and New York sessions. The “MHDMT with Momentum Scalper” system is based on the determination of trend pulses. The system uses four author’s indicators for the MetaTrader trading platform. Indicators “MHDMT ZT History”, “MHDMT Gray Belt” and “MHDMT XMA” show the trend direction. On the chart, these indicators draw smoothed channels, painted in red, green and gray. In the red areas only shopping is recommended, in the green areas only sales are recommended. “Momentum Scalper is used to filter signals. Different options are available in the grey zone depending on the situation, but it is recommended to refrain from transactions.
Typical shopping situation. Open a position when the price is in the red zone, and the red channel “MHDMT XMA” is located above the gray channel “MHDMT Gray Belt”. The white, red or red-and-white bar of the “Momentum Scalper” indicator should be higher than the zero line. Stop-loss is set 10 points below the entry candlestick. The position is closed by a fixed take-profit or when a white, red or red-and-white bar appears below zero. If you save the red channel, you can reopen positions based on the “Momentum Scalper” readings.
The conditions for sales are the same. Transactions are opened only in the green zone when this channel is below the grey channel “MHDMT Gray Belt”. The white, red or red-and-white bar of the “Momentum Scalper” indicator should be below the zero line. Positions are closed according to the same principle as for purchases. Stop-loss is placed above the entrance candle.
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