Meta trader 4 indicators-X-XARDFX-45 is a good scalping strategy and enter the trade with Currency Strength, Buy Sell confirmation, Fibonacci levels. This Template has so many indicators. It will forecast currency pair strength, trend signal, entry point. CCI is a good non-repaint indicator. It will forecast the entry point. This entry point good for scalping. But don’t trade in high impact news time with this template. Because this template will forecast the short term trading signals. So because of high impact news if market volatility will increase maybe you happen to lose.
How to insert this Meta trader 4 indicators-X-XARDFX-45 to the meta trader platform.
Download template> Re start meta trader plat form> go file menu> open data folder > open MQL4> open indicator folder> insert ex4.files to indicator folder> open template> insert tpl. file>re start meta trader plat form> load any currency chart> insert template.
All indicators turn to up you can enter for a buy. All indicators turn to sell then you can enter for a sell. Don’t enter to trade with a single indicator signal. Wait until you appear all indicators together. After you receive all signals together, then check currency pair strength & entry confirmation. If all signals & confirmation agree with one direction then you can enter for a buy trade or sell trade.
You can exit your trade when appearing opposite signals. Otherwise, you can exit with your target profit pips. If not you can use a Trailing stop to increase your profits. Stop-loss is an important part. Place stop loss for higher high & lower low level. Good money management helps you to grow your account balance. So, buildup a good trading strategy. Practice until you get self-confident. Learn to identify reversal patterns, candle patterns. You can use to support resistance levels for buildup a good trading strategy. Also, the Fibonacci level will give a good effect on your trade o be a success.
Strategy work for any currency pairs and time frames.
always follow the money management. and SL.