Trading strategy for MetaTrader 4 based on the SFT indicator Oh My Scalper
The strategy is suitable for any currency pairs, as well as for trading metals, indices, options and cryptocurrencies (Bitcoin, Litecoin, Ethereum, etc.)
Trading can be done on any timeframe.
Depending on your preferences, trading can be both scalping, intraday, and medium-term, long-term.
The basis for opening trades is a signal trend indicator for scalping SFT Oh My Scalper
It detects a trend change and gives signals for opening positions, as well as built-in sound and visual notifications about a trend change.
You can trade using this indicator alone.
It is recommended to work according to this strategy only with reliable and trusted brokers who have no problems with the withdrawal of earned funds.
It is desirable that the company has ECN, NDD, STP or PRO accounts with a small spread and a low commission per transaction.
We recommend trading with RoboForex , where we test all our products Installation and setup
For more information on how to choose, install, test for free, as well as buy indicators, see YouTube in training videos
The settings described in this manual are specified for the EURUSD currency pair .
For other instruments, additional adjustment of the indicator parameters may be required.
With a little experimentation, you can choose the settings for any trading instrument.
Trading with the SFT indicator Oh My Scalper
Indicator settings
- Sensitivity - High ;
- Alert Message - true;
- Alert Email - false
- Alert Mobile - false
Trading Rules
The opening of transactions is carried out immediately after the closing of the candle, on which a colored rhombus appeared.
The appearance of a rhombus of a certain color is a signal to open the corresponding deal, and if the line disappears or the color changes, the deal should be closed.
- When a red diamond appears, open Sell or Put (for options)
- When a blue diamond appears, open Buy or Call (for options)
- The direction of opened deals should correspond to the direction of the trend on a higher timeframe.
- If you are trading on M1 or M5, then you should focus on M30 and H1.
- When trading on M15, M30 and H1, we focus on H4, D1 and W1, respectively
- Exit from the transaction is carried out on the opposite signal
You can also exit on the established orders SL and TP.
When using SL and TP, it is desirable to set the SL for the nearest extremum, and make the TP equal to 1 to 2 SL sizes.
This indicator has proven itself when used in conjunction with the free Flat Factor indicator.
SFT indicator Oh My Scalper
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Original article https://sureforextrading.ru/torgovaya-strategiya-sft-oh-my-scalper/
