Dynamic Intraday Trading Strategy For MT4

Dynamic Intraday Trading Strategy For MT4

Table Of Contents:

  1. Dynamic Intraday Trading Strategy For MT4
  2. The Dynamic Intraday Trading Strategy For MT4 – Long positions
  3. The Dynamic Intraday Trading Strategy For MT4 – Short positions
  4. Is the Dynamic Intraday Trading Strategy For MT4 profitable?


Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.


The Dynamic Intraday Trading Strategy For MT4, as the title suggests is an intraday forex trading system. Although while this trading system makes use of quite a few indicators most of them do not work with the latest build of the MT4 trading terminal.

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Therefore, we find that the dynamic intraday trading strategy is somewhat incomplete. There are only two indicators that work with this trading system. As a result, we cannot quite guarantee the results when using this trading system.

The only two indicators that work with the dynamic intraday trading strategy are both placed in the sub window of the price chart. As you know indicators in the sub window are mostly belonging to the family of oscillators. Oscillators in trading are ideally used in order to confirm the timing or to confirm the turning points in price. However, using these oscillators on their own do does not add much value.

Therefore, by now you should be able to determine that the dynamic intraday trading strategy a somewhat risky to trade. But if you are an experienced trader and you know how the indicators work and you are able to understand price action you should be able to make a few trades using this trading strategy.

The first indicator in the first sub window of the dynamic intraday trading strategy is called the dynamic zone T3 indicator. This indicator is a very custom indicator and it shows a blue line that moves within three other lines on the oscillator. Because this is a custom indicator, we do not have much knowledge on how this works. But we deduce that the turning points in price quite often coincide with the turning points in the oscillator.

In the second sub window of the dynamic intraday trading strategy, we have the dynamic zone Spearman rank correlation indicator. This indicator once again looks quite similar to the one above. Meaning that, it moves around the fixed values. Having said that, when there is a change in the slope the Spearman rank correlation indicator tends to plot the pink or the blue take lines on the oscillator.

By now you might have guessed what the trading system will look like. We only have these two oscillators in the sub window of the dynamic intraday trading strategy and based off these we take the trading rules.

Let's now take a look at how you can trade long and short positions using the two indicators in the dynamic intraday trading strategy.


The Dynamic Intraday Trading Strategy For MT4 – Long positions




In order to take a long position in the dynamic intraday trading strategy the first thing we should look at is the price itself. Ideally price should be making a low. Following this you should start to see price moving higher. This means that you should identify at least one or two bullish candlestick patterns or bullish reversal candlestick pattern.

Upon observing such a price movement, you can then look to the two indicators in the sub windows of the dynamic intraday trading strategy. If your observation is correct, then both these oscillators should be trading near the lower levels of the oscillator.

Now wait for the new candlestick to open and take a long position at market. Identify the law formed within the past five sessions and set your stop loss to this level. Now using a risk reward ratio of 1:3, you can set your target level accordingly.


The Dynamic Intraday Trading Strategy For MT4 – Short positions




In order to take a short position in the dynamic intraday trading strategy the first thing we should look at is the price itself. Ideally price should be making a high. Following this you should start to see price moving lower. This means that you should identify at least one or two bearish candlestick patterns or bearish reversal candlestick pattern.

Upon observing such a price movement, you can then look to the two indicators in the sub windows of the dynamic intraday trading strategy. If your observation is correct, then both these oscillators should be trading near the upper levels of the oscillator.

Now wait for the new candlestick to open and take a short position at market. Identify the high formed within the past five sessions and set your stop loss to this level. Now using a risk reward ratio of 1:3, you can set your target level accordingly.


Is the Dynamic Intraday Trading Strategy For MT4 profitable?


To conclude, the dynamic intraday trading strategy is a trading system that is very incomplete. The only two indicators that work in this trading system are the two oscillators which we mentioned earlier in this article. What this means is that when it comes to understanding the prices and the market price action the only thing you are left with is to look at the price charts.

For this reason alone, we do not recommend that beginners in forex trading should be using or trading with the dynamic intraday trading strategy. Even experienced traders will find it quite difficult in order to make consistent profits using this trading system. As a result, it is advised that you should ignore this trading strategy.

Because of the few number of indicators that are used in the dynamic intraday trading strategy the template is obviously lightweight. For those who are still interested in trading with this trading system then we recommend that you should be very experienced in understanding price action and candlestick patterns in particular.

For those traders who feel a bit adventurous enough you can make use of this trading system and enhance it further. For example, we could recommend using an intraday pivot indicator and also making use of either price bands or channel indicator in order to understand how price action is moving and also to determine the price trends. But having said that due to the incompleteness of the dynamic intraday trading strategy it is best advised to leave this trading system alone.

Download the complete system description and the files here:

FREE Dynamic Intraday Trading Strategy

Download the FREE Dynamic Intraday Trading Strategy for MT4.

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