Vidya Trading System For MT4

Vidya Trading System For MT4

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 Vidya Trading System For MT4 is developed based on the Vidya Indicator. This strategy vidya signal lines to determine the direction of the trend. The functions of the vidya indicator are more like the SMA. If you spend some time in assessing the price movement and vidya indicator signal line slope, you should realize it also acts as dynamic pivot levels.


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What is The Vidya Indicator?

Vidya or The Variable Index Dynamic Average is a free indicator developed for the MT4 platform. The indicators evaluate the market volatility with a simple algorithm similar to the EMA and SMA. In this trading method, we will use multiple values of the Vidya index to determine the key direction of the trend.

Before you start using this indicator, we recommend the novice traders to learn the functions of this indicator in the paper trading account. By doing so, they will feel more confident about the use of the indicator in the real market.

 

 

The Vidya Trading System For MT4

Before we move into the details of this strategy, we should know about the parameters for the different indicators used in this system.

Let's have a look at key indicators used in The Vidya Trading System For MT4:

  • The Variable Index Dynamic Average- value 15 (fast) (blue)
  • The Variable Index Dynamic Average- value 34 (slow) (red)
  • Moving Average Convergence and Divergence (MACD)- value (12, 26, 9)

 

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


 

The vidya trading strategy is going to play a major role in this trading method. If the 9 vidya goes above the 34 vidya, we should expect a bullish rally. On the contrary, if the 9 vidya falls below the 34 vidya, we should be expecting a strong bearish rally. For the trade filtering process, we should use the reading from the MACD indicators. Green bars above the 0 point in the MACD indicator suggest the bulls are in control. On the contrary, red bars below the 0 line suggest the bears are in control.

 

Vidya Trading System For MT4 - Bullish Trade Setup

To take the bullish trade, we should check some key parameters. If the market fulfills these conditions, we may take the long trade in a systematic manner.

Bullish Trade Conditions

  1. The price should be trading above the vidya levels.
  2. We need a bullish crossing in the Vidya signal lines.
  3. We should find green bars above the 0 level in the MACD histogram.



Entry

After checking the necessary condition, we should take the long trade. It is better to keep the risk below 2% of the account balance as it will help us to keep our funds safe.

 

Stop Loss

The Vidya signal lines are going to act as a strong support level. So, can set our stop loss below the Vidya support line. And those who have strong skills in price action confirmation signals can use the PA signal to determine the SL point.

 

Take Profit

The take profit should be set in such a way so that the minimum risk to reward ratio is better than 1:2. Usually, the TP is set to the nearest resistance level in the chart.

 

 

Vidya Trading System For MT4 - Bearish Trade Setup

To take the short trade, we should check some conditions in the market. Let us know about these conditions.

Bearish Trade Conditions

    1. The price should be trading below the vidya levels.
    2. We need a bearish crossing in the Vidya signal lines.
    3. We should find red bars above the 0 level in the MACD histogram.



Entry

After checking the necessary parameters, we can take our short trade with low risk.

 

Stop Loss

As the price will trade below the Vidya levels, we can set our stop loss above the Vidya signal lines. If required, we can also use the nearest high to determine the key resistance point for our SL.

 

Take Profit

The take profit will be set by analyzing the nearest support level. If the market is extremely volatile, the SL price can be moved to the breakeven point and we will start riding the bearish trend. However, if you are new to this market, avoid using the trailing stops.

 

Vidya Trading System For MT4 - Summary

By now you should have a decent idea of how the system is used to take the trade. As a new trader, you should stick to the simple process and avoid using the trailing stops. And the minimum risk to reward ratio for the trades should be 1:2 or better. If possible, try to take the trades with the help of the price action confirmation signals, as will give us the opportunity to trade with tight stop loss.

Note that, learning about the core functions of a new trading strategy is always very challenging. So, we strongly suggest that use this trading strategy in the virtual trading account and know about the pros and cons of this system. As you trade in the demo account, you will realize whether the system is a perfect fit for your trading career or not.

 

Download the complete system description and the files here:

FREE Vidya Trading System

Download the FREE Vidya Trading System for MT4.

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