YinYang Scalping Warrior Strategy For MT4
Table Of Contents:
- YinYang Scalping Warrior Strategy For MT4
- The YinYang scalping warrior strategy for forex – Long positions
- The YinYang scalping warrior strategy for forex – Short positions
- Is the YinYang scalping warrior strategy for forex good for you?
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 YinYang Scalping Warrior Strategy For MT4 is a rather interesting trading strategy. While going by the name one might think that this is a trading strategy that uses highly customized indicators, you will be mistaken.
On the contrary, the YinYang scalping warrior strategy for forex is a very simple trading system. In fact all the indicators used in this trading system are default MT4 indicators. This means that there are no additional indicators to add. The trading template is all that you need to load up the indicators in the YinYang scalping warrior strategy for forex. This makes the template very light weight and easy to use.
Although the name scalping is mentioned, this is not necessarily true. You can use the YinYang scalping warrior strategy for forex on any chart time frame of your choice and you can use this trading system on any instrument that you want.
Let's now take a look at the various indicators that are used in the YinYang scalping warrior strategy for forex. You will be surprised to know that there are just three default indicators that are used in this trading system.
Firstly, we have the Parabolic SAR indicator. Traders who have some experience might recognize this standard indicator. The Parabolic stop and reverse indicator comes with the setting of 0.02 and 0.7. This is somewhat customized settings compared to the standard setting that one gets to see. When price is in an uptrend, the Parabolic SAR plots the dots below the price. And when price is in a downtrend, the parabolic SAR plots the dots above the price.
After this, we have the envelopes indicator. The envelopes indicator comes with a period setting of 8. The moving average calculation method is set to simple and we have a deviation of 0.03%. The envelope indicator basically plots the price channel that you see in the YinYang scalping warrior strategy for forex.
Finally, in the sub window we have the Awesome oscillator. The awesome oscillator basically plots a histogram that moves around the zero line. Price trends are identified when the histogram is positioned accordingly. Thus, when you combine all these indicators, you get the YinYang scalping warrior strategy for forex. It might look simple but the trading strategy is quite unique. You can use this trading system primarily as a trend following method. Alternately, you can also use this trading system to enter in the middle of a trend or even add to positions as long as the trend is strong. The potential to make big profits is quite huge.
Let's now take a look at how you can trade long and short positions using the YinYang scalping warrior strategy for forex.
The YinYang scalping warrior strategy for forex – Long positions
For long positions in the YinYang scalping warrior strategy for forex, we begin by analyzing the price action on the chart. We need to see the Parabolic SAR plotting the dots below price. After a few sessions, you should see price trading above the envelope indicator.
This tells you that the uptrend is building up. For confirmation, we then look to the awesome oscillator. Here, we should see either the awesome oscillator making lower lows below zero or trading above the zero line. This suggests that the uptrend momentum is now strong.
You can now open a long position in the market. Set your stop loss to the recent low that formed below the envelope indicator’s lower line. Once price starts to move in your favor, adjust your stop loss to the recent Parabolic SAR’s level.
This will allow you to trail your profits and you are able to capture the most part of the trend, which can greatly increase your profits.
The YinYang scalping warrior strategy for forex – Short positions
For short positions in the YinYang scalping warrior strategy for forex, we begin by analyzing the price action on the chart. We need to see the Parabolic SAR plotting the dots above price. After a few sessions, you should see price trading below the envelope indicator.
This tells you that the down trend is building up. For confirmation, we then look to the awesome oscillator. Here, we should see either the awesome oscillator making lower highs above zero or trading below the zero line. This suggests that the down trend momentum is now strong.
You can now open a short position in the market. Set your stop loss to the recent high that formed above the envelope indicator’s upper line. Once price starts to move in your favor, adjust your stop loss to the recent Parabolic SAR’s level.
This will allow you to trail your profits and you are able to capture the most part of the trend, which can greatly increase your profits.
Is the YinYang scalping warrior strategy for forex good for you?
In conclusion, the YinYang scalping warrior strategy for forex is a very fine trading system. Although it makes use of only the default indicators, each of these indicators tend to complement each other, making the YinYang scalping warrior strategy for forex a well rounded trading strategy.
If you are on the lookout for a trading system that is trend following but tired of the regular methods of trend following trading systems, then give the YinYang scalping warrior strategy for forex a try. It is unique and simple to understand. The template in the YinYang scalping warrior strategy for forex is very light weight and you can monitor multiple charts at the same time.
This is why we recommend the YinYang scalping warrior strategy for forex for beginners as well. The trading rules are simple and the YinYang scalping warrior strategy for forex allows traders to easily get familiar with trend trading concepts. If you follow the rules strictly you are able to make consistently big profits by trading with this system.
The ideal chart time frame is one hour, but swing traders can also use the YinYang scalping warrior strategy for forex on higher chart time frames as well.
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Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
