Sonic R Forex Scalping Strategy For MT4
The Sonic R Forex Scalping Strategy For MT4 is a great and reliable trading system to implement in the financial trading markets - this strategy is best suited for operation on the 5 minute and the 15 minute time frames - ideally it performs efficiently well on the 15 minute time-frame therefore traders may go to the extent of back testing for themselves on the both time frames in order for them to find the best suited chart.
It is not a swing trading strategy - it goes into a shorter trading category therefore there are plenty of trading opportunities presented to the trader without them having to wait around for ages for a sweet trade setups to show up. This strategy uses two oscillator indicators at the bottom of the active trading charts known as the Stochastic oscillator indicator and the MACD indicator - both of which are reliable in revealing the true direction and momentum of any given up and down cycle.
Then within the screen is an indicator which almost fits the visual characteristics of the Bollinger Bands indicator but with a negative deviation so to speak thus giving the appearance of a narrower channel - that is a basic description of the Sonic R indicator.
The buy and sell entry rules are not difficult to fathom - the conditions which constitute a proper entry in the case of this strategy requires that the candle must be above the upper white line - as soon as the candle closes the trader should place a buy stop a few pips above the high of that candle, then the MACD must be sloping up along with the stochastic indicator.
Then for a proper sell entry the candle must be below the lower white line, as that candle closes the trader may set a sell stop order below the low of that specific candle - both the MACD and the Stochastic oscillator must be sloping/pointing down. Traders may op for a risk to reward ratio of 1:1 therefore they may set their stop losses and take profit targets at-least 40 pips away from their market entry points.
Download the complete system description and the files here:
Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
