- February 5, 2021
- Posted by: Forex Wiki Team
- Category: Forex Trading System
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Hi Forex Wiki Trading ,
MHDMT Trading System Description :
The MHDMT with momentum scalper strategy for MT4 is a momentum-based scalping system. If you are looking for a momentum-based scalping strategy it is very difficult to find a balanced one. You cannot optimize the trading method most of the time.
However, this strategy is perfectly tailored to trading forex, commodities, ETFs, stocks, indices and cryptocurrencies. Indicators used in this system are MHDMT ZT History, MHDMT Gray Belt, MHDMT XMA and Momentum Scalper.
Since this is a scalping system, we were supposed to take the trade in the lower chart.
But this system has one exception. The trend needs to be classified on the daily chart so that the traders don't take the trades against the trend. However we will discuss how to start trading the trend for the long trade.
And for the short order, we're going to discuss how you can ignore the daily trend and still benefit from this amazing method. But remember, scalpers have to follow one simple rule and that is money management.
Without following the rules of investing, it is impossible to make a profit in the fast moving market. You may be an amateur, but this perk can help. Load the template and you will get the complete setup to run short and long trades.
But be patient and lose your temper after a few losses. Let's learn how to take short and long trades with momentum-based scalping strategy.
Long trade setup
To execute the call operation, you need to focus on the channel color. The channel color must be green. The reason we need a green channel for our long trade is the daily trend. If it is red. , the daily trend should be considered downwards.
Therefore, look for an asset that has a green MHDMT channel. Below the channel, you will notice a light green dashed line. This is the most critical line for aggressive resellers.
buy limit in the green zone with 12 pips SL and 24-25 pips take profit In most cases, if they choose a stable market, they can maintain a profit rate of 70% with a risk / reward ratio of 1: 2.
But this technique is a bit aggressive for many traders and some of you will want confirmation. For them, we have the classic way to go long when the support is important, the price will go back into the green zone and form a bullish candlestick pattern.
Please note that we must have a green bar on the momentum scalper indicator, price test - green dashed line. When the price returns to the green zone, you will see a purple channel. Place a buy order 3 pips above the purple channel. Stop loss will be 14 pips. Take profit for a buy stop order ranges from 30 to 50 pips. If the volatility is high, you can easily earn 50 pips by using this technique.
Short trade setup
For our short exchange, we will learn a method that requires usage trend, i.e. we no longer have to analyze the channel color, but find a false break in the red dotted line which is usually found at the top of the channel.
The false break suggests price fading and this gives the trader a hint that the market will fall soon. During the false red line break, in the momentum scalper indicator, we need a strong red bar. the market is ready for free fall.
Place your sell stop order right below the purple band. The SL for this method is 14 pips and the take profit is fixed at 30 pips. You may be wondering why we need fixed TP to 30 pips for the short trade.
This is because we are not considering the trend. When trend is not taken into account, it is very difficult to take advantage of long profit. In case you implement the price action signal with this system, you can use the final SL for this system.
That means you can earn more than 100 pips with this scalping system. The best part is that the SL.SL will remain 12-14 pips and this will allow you to secure an incredible risk / reward ratio.
Being a professional scalper, you need to remember that risk management is the most important part of trading. New resellers often get excited and try to make big profits from the market.
But emotional attachment is another key factor in ruining performance. Let's learn more about the business management technique so that we can do better with this method.
Exchanging conditions and rules:
- Timeframe:
М5, М15 - Expiration: for М5 - 3 candles
for М15 - 4 candles
Purchase signal:
The cost is in the red zone
Cost is above purple moving midpoints
A red bar showed up in the storm cellar pointer above level "0"
Section on the following candle after the sign
Sell signal:
The cost is in the green zone
Cost underneath purple moving midpoints
A blue bar showed up in the cellar pointer underneath level "0"
Passage on the following candle after the sign
Broker Requirement :
MHDMT Trading System Settings:
Download MHDMT Trading System :
[+ForexWikiTrading.com]MHDMT with Momentum Scalper
