System for intraday trading on Forex market “MT Hunter”
MT Hunter” system is developed for trading on Forex market by scalping method. It can also be used to take higher profits using intraday reversals, i.e. swinging. Fifteen-minute charts and scalping brokers are used for scalping. On the M30 charts there is a possibility to get more profit. Any financial instruments are suitable for trading. The system works on the principle of following the trend.
The system is quite simple, as only three indicators are used to determine the direction of intraday traffic and reversals. The name of the system literally means “Hunter”, i.e., it implies hunting turns.
The main indicator of the “Oracle Move” system is installed on the main terminal chart and consists of two moving average lines. They are displayed in red and blue. Crossing these lines gives the main signal.
Two filtering indicators are installed in the lower windows of the terminal. The “DeltaTrend” indicator is displayed in green and red bars. Green indicates an upward trend and red indicates a downward trend. The “BB Trigger” indicator is displayed in red and yellow lines. The intersection of these lines, as well as their position relative to the zero level, confirms the direction of movement.
The main chart also has the “Pivots” indicator installed on it. It is used to set stop orders and profit targets. Dotted line indicator shows three main support levels S1, S2, S3 and three resistance levels R1, R2, R3. In addition to the main levels, the indicator shows intermediate levels from M0 to M5. These levels can serve as targets for scalping on fifteen-minute charts
This chart shows an example of entry to purchases. The blue line of the “Oracle Move” indicator crossed the red line upwards. The position is opened after the green bars of the “DeltaTrend” indicator appear. At the same time, the lines of the indicator “BB Trigger” have risen above zero, and the red line has crossed up the yellow one. The stop-loss is set at the support level S1, and the position is closed at the resistance level R1
This screenshot shows an example of sales on a 30-minute chart. The red line of the “Oracle Move” indicator crossed the blue line. The position is opened after the red bars of the “DeltaTrend” indicator appear. At the same time, the lines of the indicator “BB Trigger” fell below zero, and the red line crossed the yellow one. Stop-loss is set at the resistance level R1, and the position is closed at the support level S1.
Positions can also be closed by a fixed Take Profit or when the lines of the “Oracle Move” indicator intersect backwards.