The Synergy Trading Method was developed by Dean Malone and is an effective Forex trading method developed to simplify trading decisions
with high probability precision. It combines the market forces of Price Action, Trend, Momentum and Market Strength to produce higher
probability trades. The Synergy trading method depicts...in real-time...the interaction of these market forces providing traders
the means to make trading decisions with greater confidence and less emotional hassle.
With Synergy, traders identify and use two important trading components in real-time: Price Action and Sentiment.
Price Action is market movement, such as the oscillation of Open, High, Low and Close prices. Too often, traders are mesmerized by trivial
price flucuations and lose sight of the underlying trend of the market. Many traders tend to jump in and out of the market instead of
staying with the trade as a trend develops. Synergy is designed to eliminate price distortions. It reveals periods of market strength
and trend and periods of consolidation.
Sentiment is the intuitive feeling or attitude of traders and investors in the market. For example, if the sentiment of the market is bullish, then traders and investors expect an upward move in the market. Often, sentiment is an indication of optimism or pessimism in the market based on recent news announcements or political events. The Synergy method uses a hybrid custom indicator developed to show postive (buyers) sentiment or negative (sellers) sentiment.
Working in unison, Price Action and Sentiment give traders a distinct trading advantage. When both are in agreement, favorable trading
conditions exists. For instance, when price action is showing upward movement with buyers sentiment, there is higher probability of a
Long position having a favorable outcome. Similarly, when price action has a downward movement in conjunction with sellers
sentiment, a short position has a favorable outcome.
The method used Heiken Ashi candle, TDI and Smooth Moving Average channel, in which Heiken Ashi candle is the most important.
The Heiken Ashi Pro version is available here: https://www.mql5.com/en/market/product/48595
Files:
SYNERGY_Basic_Method.zip
1807 kb
