This system is optimized for intraday trading of any currency pair. The market condition is analyzed on thirty-minute charts, and positions are opened on the basis of M15 timeframe charts. The “Sky Dart” system uses several non-standard indicators. On the main chart there are two analytical indicators and one information indicator, showing the time at different exchanges of the world. Murray’s “MM_LabelLevels” indicator shows 8 support and resistance lines on the chart, which make it easier to find the best entry points into the market. The “FanSimple4en” indicator is a set of moving averages with periods of Fibonacci numbers. The intersections of these lines are confirmed by signals from other indicators. In the lower windows of the terminal the indicators “Waddah_Attar_Explosion” and “Waddah_Attar_Trend” are installed. Red or green bars, they give signals to buy or sell. If there are no bars, then trading is not recommended. In the first lower window, the “CCI_Woodies_Lnx_Sky” indicator is additionally installed. This is a modification of the usual CCI (Commodity Channel Index). In “Woodies CCI” added histogram for slow CCI, which is colored in different colors depending on the conditions. The “Woodies CCI” indicator values fluctuate near the zero line and have no upper and lower limits. The high value of the indicator indicates that the price is “overbought” at the moment, while the low value indicates that the price is “oversold”. The key levels of the “Woodies CCI” indicator are +-100, +-200 and zero line levels. In the same window, the “FX_Sniper’s_Ergodic_CCI_Trigger_alert” indicator is set for filtering signals. Another filtering indicator “Stomach” is located in the lowest window. It’s a combination of stochastic and moving average.This system assumes two types of market entry – ordinary and aggressive or reversal.
Buy conditions appear when the “FX_Sniper” indicator lines intersect upwards. “Woodies CCI” must cross the zero line upwards. Indicator bars “Waddah_Attar_Explosion” and “Waddah_Attar_Trend” should be green. We’re buying after two green bars. In addition, it is necessary to take into account the direction of the “Stomach” indicator lines and the price position relative to Murray levels. The position is closed when the lines of the indicator “FX_Sniper” cross downwards.
To sell the indicator line “FX_Sniper” must cross downwards. “Woodies CCI should cross the zero line down. Indicator bars “Waddah_Attar_Explosion” and “Waddah_Attar_Trend” should be red. We sell after two red bars. The direction of the “Stomach” indicator lines should be down, the price position relative to Murray levels is also below. The position is closed when the indicator lines intersect “FX_Sniper” upwards.When buying and selling, we check the confirmation of signals on chart M15. The aggressive method of trading differs in the fact that after a sharp change in the movement (price reversal) we do not wait for two bars of indicators “Waddah_Attar_Explosion” and “Waddah_Attar_Trend”, but immediately enter the deal. In any case, the stop loss is set above or below the nearest Murray level.Recently, many traders have been switching to trading on new models. These are networks of Electronic Communication Network (ECN), where the trading process takes place without intermediaries. On this site you can find out which ecn brokers offer the best conditions.Download system files