SFT Trading System For MT4

SFT Trading System For MT4

The SFT Trading System For MT4 is a profitable forex scalping strategy that provides an exciting outcome from the market in the 5 minutes timeframe. Therefore, if you are looking for a trading strategy that can profit from the important market event, you can look for this trading strategy. This strategy focused on the initial wave from London and New York Open when the price starts to show its daily activity.


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Why London and New York Open Are Important?


The forex market is run 24 hours a day and 5 days a week. Therefore, you can trade at any time and from any location. So, a trader doesn't need to trade in London or the New York session.

The key price driver of the forex market are banks and financial institutes. Therefore, the majority of the transaction happens through the OTC market when banks are open.

On the other hand, the US Dollar is the reserve currency of every country globally, and the UK is the biggest hub for forex traders. Therefore, most of the forex market movement happens in the London and New York trading sessions.

In The SFT Trading System For MT4, we will focus on these two trading sessions when traders sit on the desk.



The SFT Trading System For MT4


This trading strategy is a trend following method, where we will determine the trading activity of buyers and sellers by using multiple trading indicators.

Let's have a look at trading instruments for this trading strategy:


  1. Exponential Moving Average (EMA)- value 10
  2. Exponential Moving Average (EMA)- value 5
  3. em>Stochastic Oscillator
  4. Relative Strength Index (RSI)


Let's put these indicators in the chart and see how it looks like:




The main of the Exponential Moving Average with multiple values is to get the exact overview of the market trend. Generally, if the price is trading above the EMA 10, the long-term trend is bullish, and if the price is trading below the EMA 10, the long-term trend is bearish.

Later on, we will determine the trend with EMA 5, and when the EMA 5 and EMA 10 will provide the same market direction, we will take the trade.

The use of stochastic is to identify the overbought and oversold zone in the price. If the RSI is above the 80 lines, the price is at the overbought zone. On the other hand, if the RSI is below the 20 levels, the price is in an oversold area. Moreover, when the RSI will move up from the 20 levels or move down from the 80 levels, it will indicate the price's continuation.

RSI is almost the same as the Stochastic Oscillator, but there are some differences in the calculation. However, the use of both indicators will provide a side by side view of the market that will increase the trading probability.



Bullish SFT Trading System For MT4


This trading strategy is designed for London and New York trading sessions when institutional traders enter the market.


You can apply the bullish SFT trading strategy on the following currency pairs:


  • EURUSD
  • GBPUSD
  • USDJPY, and
  • USDCHF




Trading other currency pairs are also profitable, but the currency mentioned above pairs are directly linked to the Eurozone and the US.

Timing is also crucial for this trading strategy; therefore, you should focus on the price when at the time of the London and New York Open.

This trading strategy's timeframe is 5 minutes, and it does not provide better results in higher timeframes like H4 or D1.


Bullish Trading Conditions


  • At the London Open or the US Open, the price is trading above the EMA 10, indicating that the overall trend is bullish.
  • EMA 5 crosses over the EMA 10, showing that short term buyers became more potent than the long term buyers.
  • After the crossover, a new bar opens, and RSI moved above the 50 levels.
  • Stochastic also moved up and staying between the 20 and 80 levels.




Entry


After meeting the trading condition, you should enter the trade as soon as you see a bullish candle. Make sure that the candle closes, and the price is above the EMA 5.


Stop Loss


The ideal stop-loss levels for this strategy is below the EMA 10. Therefore, you can put the stop loss 5 to 10 pips below the EMA 10.


Take Profit


You can trail the stop loss when the price moves 10 pips. Therefore, it will hit the stop loss with gain at any stage.


Another take profit idea is when the EMA 5 will cross down the EMA 10. On both bases, you should trail the stop loss to make the trade risk free.



Bearish SFT Trading System For MT4


You can apply the bearish SFT trading strategy on the following currency pairs:


  • EURUSD
  • GBPUSD
  • USDJPY, and
  • USDCHF


You should focus on the price when at the time of the London and New York Open.

This trading strategy's timeframe is 5 minutes, and it does not provide better results in higher timeframes like H4 or D1.


Bearish Trading Conditions


  • At the London Open or the US Open, the price is trading below the EMA 10, indicating that the overall trend is bearish.
  • EMA 5 crosses down the EMA 10, indicating that short term sellers became stronger than the long term sellers.
  • After the crossover, a new bar opens, and RSI moved below the 50 levels.
  • Stochastic also moved down and staying between the 80 to 20 levels.


Entry


After meeting the trading condition, you should enter the trade as soon as a bearish candle appears. Make sure that the candle closes, and the price is below the EMA 5.


Stop Loss


The ideal stop-loss levels for this strategy is above the EMA 10. Therefore, you can put the stop loss 5 to 10 pips above the EMA 10.


Take Profit


You can trail the stop loss when the price moves 10 pips. Therefore, it will hit the stop loss with gain at any stage.

Another take profit idea is when the EMA 5 will cross the EMA 10. On both bases, you should trail the stop loss to make the trade risk free.



SFT Trading System For MT4 - Conclusion


The SFT Trading System For MT4 is a short-term scalping idea that can provide a decent profit from the market.

The best part of this trading strategy is that it does not require any broader market outlook. Therefore, you can easily make money if you don't have an idea about the fundamental analysis.

Download the complete system description and the files here:

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Download the FREE SFT Trading System for MT4.

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