SD trading Forex Scalping Strategy For MT4
The SD trading Forex Scalping Strategy For MT4 is a good trading strategy which is applicable mainly for scalping. Scalping is a rewarding method of trading relative to time because profit - with a proper strategy - can be realized within hours or even in a matter of minutes.
However, it does incur more risk than other trading methods - therefore traders need to make use of a decent strategy (such as this one) to help them reduce the risk whilst increasing the likelihood of getting a trade correct. Money management is another key component of trading and therefore traders need to ensure that they also get this aspect of their trading right especially when scalping in the financial trading markets.
There are four indicators built into this strategy. There is the Hama indicator, the Candle indicator, the MACDOsam indicator, a Moving Average indicator and a SD alarm. All these indicators hold an important role in the system which is revealed individually through the trade setups. Furthermore, just like any other trading strategy - there are entry rules assigned to this strategy but they are not complicated at all to grasp.
For instance for a long entry, the trader may only enter a buy trade once the following conditions have been met - the Hama candles must be blue and the candles must be green. Then the Moving Average Convergence Divergence must be above zero and the Hama indicator must be greater than the Moving Average. Stop loss must be set to 10 pips below the Moving Average and Take Profit must be set at 15 pips away from entry or where price might touch the Daily Fibonacci level.
Then for a sell entry, the trader may only enter a short trade when the Hama candles are blue and the candles are green. Then the Moving Average Convergence Divergence must be below zero and the Hama indicator must be less than the Moving Average. Stop loss must be set to 10 pips above the Moving Average and Take Profit may be set at 15 pips away from entry or where price might touch the Daily Fibonacci level.
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