StepMA chart with MA distance Strategy For MT4

StepMA chart with MA distance Strategy For MT4

The StepMA chart with MA distance Strategy For MT4 is a short term, intraday forex trading system that allows you to scalp the short term movements in the markets. This trading system is a somewhat of a trend following system. Thus, when trends are strong the Step MA chart with MA distance strategy for forex can generate profitable trading signals.

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But the same cannot be said when the markets are ranging. The Step MA chart with MA distance strategy for forex tends to give out false signals. This can lead to potentially loss generating trades. Therefore, it is important that traders should understand the short comings of the Step MA chart with MA distance strategy for forex before starting to trade with this method.

The Step MA chart with MA distance strategy for forex makes use of about three indicators. Despite using just three, the Step MA chart with MA distance strategy for forex tends to make the price charts quite cluttered.

The first indicator in the Step MA chart with MA distance strategy for forex is the step chart indicator. This indicator is responsible for the red and white lines that are plotted on the chart. As the name suggests, this indicator displays the trends in a step fashion. So, when prices are in a downtrend, you will see that the step chart is plotted lower high levels and vice versa. When prices are in an uptrend, the step chart plots higher lows indicating that price is moving higher.

Besides the Step chart indicator, the Step MA chart with MA distance strategy for forex also has the MA distance from price alerts. This indicator plots the high and low of the price which forms the band that you can see on the price chart. Following this, there are also two moving averages built into this indicator. You can configure all these settings directly from the MA distance from price alerts indicator.

The up and down arrows that you see on the price chart are a result of this indicator. It allows you to remain in a trade when the trend is strong. But as we mentioned earlier, when the markets are ranging, you will see opposing signals or arrows being generated as well. This can lead to false signals which you should avoid.

Finally, we have the TH4 pivots indicator. As the name of this indicator suggests, the TH4 pivots simply plots the pivot levels on the price chart. You can use these pivot levels as potential levels of entry or take profit.

The Step MA chart with MA distance strategy for forex – Long positions




For long positions using the Step MA chart with MA distance strategy for forex, we look to the price chart to see if the market is in an uptrend. You will notice this when you see a white/cyan line plotting on the price chart, indicating the up move in the markets.

You can now go long at the market and set your stop loss to the recent pivot low that formed. Using the pivot levels on the price chart, you can set up your position to book partial profits at one of these levels to the upside.
Make sure to cover your stop loss to break even as soon as the first target is hit. Ideally, you should close out your position before the end of the day. However, if the trends are strong and you see that there is no opposite signal generated, you can continue to hold on to the long positions.

The Step MA chart with MA distance strategy for forex – Short positions




For short positions using the Step MA chart with MA distance strategy for forex, we look to the price chart to see if the market is in a down trend. You will notice this when you see a red line plotting on the price chart, indicating the down move in the markets.

You can now go short at the market and set your stop loss to the recent pivot high that formed. Using the pivot levels on the price chart, you can set up your position to book partial profits at one of these levels to the downside.

Make sure to cover your stop loss to break even as soon as the first target is hit. Ideally, you should close out your position before the end of the day. However, if the trends are strong and you see that there is no opposite signal generated, you can continue to hold on to the short positions.

Is the Step MA chart with MA distance strategy for forex good for you?


In conclusion, the Step MA chart with MA distance strategy for forex is a relatively ok forex trading system. This trading strategy is not that efficient and as we pointed out earlier, there are instances when you can get false signals.

Due to the fact that it is difficult in real time to assess whether the markets will be trending or ranging, this can expose the trader to potential losses if they do not have much experience in reading the price chart or understanding the concepts of technical analysis. But having said that, there are number of ways you can make use of the Step MA chart with MA distance strategy for forex.

Because the Step MA chart with MA distance strategy for forex is suitable for short term trading sessions only, swing traders cannot use this trading strategy on higher time frame charts. The maximum time frame that you can use in the Step MA chart with MA distance strategy for forex is only the 15 minute chart. You can of course, use the 5-minute chart for the Step MA chart with MA distance strategy for forex.

Beginners should be careful when trading with the Step MA chart with MA distance strategy for forex. Ideally, we recommend that you make use of this trading strategy on strong trend instruments in order to reap the maximum benefits. Examples include trading commodity CFD's such as gold, silver or crude oil.

Download the complete system description and the files here:

FREE StepMA chart with MA distance Strategy

Download the FREE StepMA chart with MA distance Strategy for MT4.

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