Advance ADX Forex Scalping Strategy For MT4
The Advance ADX Forex Scalping Strategy For MT4 operates effectively on the 11 minute and 5 minute time frames. It can be used on all the major currency pairs thus offering plenty of trading opportunities.
The abundance of trading opportunities should not serve as any motivation to over-trade. Risk and money management is still a key factor in this game irrespective of any proper trading strategy. Furthermore, it should be noted that this strategy is one of those advanced strategies given the intricate details which need to be met in order for a trade to be validated as a proper setup. So always concentrate and do not chase the market.
The indicator stack is quite deep - here is the complete list Auto pivot, MTF ADX, MTF Buy Sell, ADX, Crossing, ADX Bars, Double CCI, Maksigen Kahaij, MTF WPR, Tor ,Trigger lines and last but not least is the WPR Slow indicator.
The core aspect of this strategy is based on the the Average Directional Movement Index indicator, which works sufficiently well in giving clear directional bias indication. But beyond that feature it also shows the transitional periods from bearish to bullish (and vice versa) through the cross overs. This concept is well understood in the entry rules. So for the Sell entry the trader has to wait for the the red line of the 12 ADX indicator to cross the blue with green lines to the upside or to the top.
A strong trend is easily observed if the red and green lines are through the yellow line which is set to a level of 25. The exit position of such a bearish trade is defined when the red line intersects the blue line. The exact opposite philosophy or logic for the buy entry holds true. This system relies on quantity trading to see substantial gains if traded correctly. A lot of 0.25 or one third of the capital - the reason for this situation is because the risk is very low. Thus creating the possibility for traders earning up to 100 pips per day which can result in a hundred percent profit per week.
Download the complete system description and the files here: