New Dream Signal HFT Strategy For MT4
Table Of Contents:
- New Dream Signal HFT Strategy For MT4
- The New Dream Signal HFT Strategy For MT4 – Long positions
- The New Dream Signal HFT Strategy For MT4 – Short positions
- Is the New Dream Signal HFT 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 New Dream Signal HFT Strategy For MT4 is a trading system that Is supposedly a high frequency trading system. As we have mentioned in earlier articles when it comes to retail trading there is no trading system that can truly qualify as a high frequency trading strategy. This terminology is more of a marketing gimmick rather than anything else.
New dream signal trading strategy basically makes use of some of the standard available indicators which are then customized into showing some sense of sophistication. If you look close enough at the chart and also do the indicators that are used in this trading system you will see that there is nothing about these indicators that can truly qualify as a high frequency trading indicator.
Therefore, the first impressions we get from the new dream signal trading strategy is that it is just another obscure trading system with a misleading title and enticing traders into believing that this is a truly high frequency trading system which it isn't. There are only two indicators that are used in this trading strategy. The first is called the signal price action empty for indicator which is applied on the price chart.
This indicator is rather simple as it plots up and down arrows. However, the indicator cannot be relied upon 100% because of the fact that there are many false signals that are generated. Look into the customization parameters of the signal price action indicator does not allow you much flexibility. The only changes you can make is just the visual changes. This means that you can merely change the colors of the up and down arrows. Besides this there are no other changes that can allow you to tweak how the signals show up.
This aspect alone further convinces us that the new dream signal for MT4 is a rather poorly built trading strategy. The only thing going for this trading system is perhaps the name which might attract a lot of gullible traders. In the second window of the new dream signal trading strategy, we have another custom indicator called the filter indicator.
This indicator as can be seen on the charge is merely a histogram that moves along the zero line. While this might seem like a custom indicator if we closely observed this indicator is no different than some of the standard indicators such as the awesome oscillator or the accelerator oscillator.
Trading with just these two indicators can be a recipe for disaster. The lack of any indicators on the price chart and any meaningful information means that the trader is basically trading in the blind. This can be a recipe for disaster as you will end up losing a lot of money. Still, let's go ahead and consider this trading system and see what best we can make of it. We should however forewarn all the readers that the new dream signal trading system is something that you should certainly avoid.
For some traders who feel adventurous enough and once you are experienced enough you can look at customizing this trading strategy. Having said that, the signal price action indicator which you see on the price chart is absolutely worthless.
Therefore, you might have to remove the only indicator that kind of makes this trading system a bit unique. This also begs the question as to why a trader would want to customize a trading system where one of the two indicators do not work as intended. You are better off in finding another robust trading strategy or building one completely from scratch yourself.
Let's now take a look at how you can use these indicators to trade with the new dream signal trading strategy.
The New Dream Signal HFT Strategy For MT4 – Long positions
For a long position in the market, wait for price to make a high after trading flat near the bottom part of the screen. After a swing high is formed price will often make a retracement to form a higher low. You should now look to the oscillator which should be trading above the zero line.
If the oscillator is still above the zero line, you can place a pending long order at the swing high and set your stop loss near the higher low that formed. Now calculate your risk to reward ratio and set your take profit level accordingly.
in some ways this setup resembles that of a trend following trading system. Therefore, you should also allow your trading position to capitalize when there is a strong trend in the market. It is best to close part of your position after the take profit level is hit and then move you stop last to break even.
Let the remainder of your trade continue to remain open in order to take advantage when the trend is strong.
The New Dream Signal HFT Strategy For MT4 – Short positions
For a short position in the market, wait for price to make a low after trading flat near the top part of the screen. After a swing low is formed, price will often make a retracement to form a lower high. You should now look to the oscillator which should be trading below the zero line.
If the oscillator is still below the zero line, you can place a pending short order at the swing low and set your stop loss near the lower high that formed. Now calculate your risk to reward ratio and set your take profit level accordingly.
In some ways this setup resembles that of a trend following trading system. Therefore, you should also allow your trading position to capitalize when there is a strong trend in the market. It is best to close part of your position after the take profit level is hit and then move you stop last to break even.
Let the remainder of your trade continue to remain open in order to take advantage when the trend is strong.
Is the New Dream Signal HFT Strategy For MT4 profitable?
In conclusion, the new dream signal trading strategy is an absolutely worthless trading system. The choice of indicators is redundant and they don't really offer much of market information. If you want to trade with the new dream signal you are going to blindly trade based on the up and down arrows that are pointed.
Most of the times the signals that you see are also false. Therefore, unless you are very proficient in trading the markets an understanding price action, we recommend that you avoid this trading strategy.
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