Introduction
This page consist of detailed screen shot on how to rely on Fx Parade strategy for Day Trading.
Installation
Go to https://www.mql5.com/en/market/product/26580 and click on any of this, {see screen-shot below}.
Follow the instructions to download FxParade file, or click here for some instructions.
Chart Preparation
TimeFrame: M15 chart.
Apply two FxParade indicator to any instrument/pair of your choice.
Press Ctrl+N ,and right click on Fx_Parade and select "Attach to a chart".
After successfully attaching "Set A" file,
Repeat this Process to attach "Set B" file
click here to download Set A and Set B file
https://c.mql5.com/6/819/set_A_Day_Trading_Strategy_with_FxParade_Indicator.set
https://c.mql5.com/6/819/set_B_Day_Trading_Strategy_with_FxParade_Indicator.set
You should have a dancing chart like this screen-shot
Application of two or more "Fx_Parade" indicator with different time frame wlll result to dancing label.
Remember Fx_Parade does not repaint.
Differences Between Set:A And Set:B
| Input Parameter | SET:A | SET:B |
|---|---|---|
| TimeFrame | H4 | M15 |
| ChartColorProperty | UserDefault | UserDefault |
| Fast_MA | 1 | 1 |
| Slow_MA | 3 | 3 |
| Signal_MA | 5 | 5 |
| Filter_Buy | 2 | 2 |
| Filter_Sell | 3 | 3 |
| NoticeColour | clrMidnightBlue | clrMidnightBlue |
| Y_Axis | 60 | 60 |
| X_Axis | 0 | 0 |
| size | 300 | 300 |
| Show_Fractal | true | true |
| Show_Trail_ALevel | true | true |
| Show_Trail_BLevel | true | true |
| FXParade_Arrow_Buy | false | true |
| FXParade_Arrow_Sell | false | true |
| Show_chartOnForeGround | true | true |
| PopAlert | false | false |
| PushNotification | false | false |
| Email | false | false |
| EmailNotice | hi_New_Strong_Alert | hi_New_Strong_Alert |
| ColourChangeOnInput | false | true |
You can also use this table to set the Input parameter instead of loading Set:A and Set:B.
Entry and Exit Rules
- Buy entry:
- if Fx_Parade arrow Buy appear/pops up and
- Previous candle Bar closes above H4 trail,
- Take A BUY Position.
Remember to close Sell Position when opening Buy.
Sell entry:
- if Fx_Parade arrow Sell appear/pops up and
- Previous candle Bar closes below H4 trail,
- Take A SELL Position.
- Remember to close Buy Position when opening Sell.
Screen-shot
Screen-shot Guide for TakeProfit
TakeProfit Rules For Buy Order
- When Buying and opened order is rolling at profit,
- Always take profit at New Regulated High.
- A Regulated High is confirmed when market price retraced back to H4 Trail Block from Above.
TakeProfit Rules For Sell Order
- When Selling and opened order is rolling at profit,
- Always take profit at New Regulated Low
- A Regulated Low is confirmed when market price retraced back to H4 Trail Block from Below.
More Examples
https://www.mql5.com/en/blogs/post/723298
https://www.mql5.com/en/blogs/post/723456
https://www.mql5.com/en/blogs/post/723630
https://www.mql5.com/en/blogs/post/723707
https://www.mql5.com/en/blogs/post/723767
https://www.mql5.com/en/blogs/post/723938
https://www.mql5.com/en/blogs/post/723883
please message me in case you need me add more function to help with your need Or for any other assistance . //---------FxParade does not repaint---------------------------------------- //---------FxParade is MTF:: Multi time frame indicator -------------------- //---------FxParade is Simple and easy to follow --------------------------- //---------FxParade can be applied with any instrument ---------------------
