- April 14, 2022
- Posted by: Forex Wiki Team
- Category: Forex Trading System
The new scalping approach Forex Trend Sniper Dominator will be discussed in this post. This idea has gained a lot of traction and has been debated on a number of famous blogs and forums.
Although the active method was offered on Clickbank, one of the customers was willing to share this system for our website. That’s how a paid service quickly becomes a free service.
- Platform: MT4
- Pairs: Any, recommended major
- Timeframe: M5 and higher
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Trend Sniper Dominator Indicators
Indicator Trend Moving Average
The MetaTrader 4 platform’s basic Formula trend indicator. The crossing of two moving with a period of 6 is used in this system, but only one moving has a shift to 1 and the other moving has no shift. These settings were chosen for scalping on M5 so that you may tweak them to your liking.
Indicator Trend DED
Above and below the price, the indication appears as blue and yellow colored dots. Author of the indicator, however at first glance, I can see that it is nothing more than a modification of the normal parabolic indicator.
“If you just follow the system’s rules and allow the most advanced custom indicators ever created to do their job, this system has the potential to make anyone extremely wealthy very quickly.”
Indicator Trend TES
The indication appears as a blue and orange histogram in the first extra pane. I can’t tell you why the author strategically closed his indicator settings since I can’t tell you why it was established. The mechanism acts as a filter, with blue bars indicating purchase and orange bars indicating sell.
Indicator Trend TTL
The indication is shown as a histogram of red and green hues in the second supplementary pane. The indicator acts as a filter and is based on a stochastic oscillator, which allows you to set the period and alter the overbought and oversold conditions (in this case 30 and 70). These characteristics can be tweaked to suit the needs of the trader.
Forex Trend Sniper Dominator Strategy
A comparison of the trend with a bigger period is required by the approach, thus if we work on the M5, we must validate the signal on the M15. Analyze signals using the following methodology:
|TF for trade||TF for filtering|
Signals Of A Long position
To enter a long position, a number of the following requirements must be met at the same time:
- Moving The Moving crosses the Average indicator, which has a period of six. From the bottom up, the average indication is yellow.
- The DED indicator’s point should be blue.
- The TES indication histogram should have a blue bar.
- Green-colored bar of a TTL indicator histogram.
If all of the prerequisites have been satisfied, go to M15 (if trading on M5) and look at the. histogram indicators TES and TTL, whose bars should be colored blue and green. We open a long position if the signal is confirmed:
Signals Of a Short Position
To enter a Short position, a number of the following requirements must be met at the same time:
- From the top-down, the blue line of the Moving Average indicator with a period of 6 crosses the yellow line of the Moving Average indicator.
- The DED indicator’s point should be yellow.
- The TES indication histogram should have an orange bar.
- TTL’s indication histogram has a red bar.
If all of the requirements were satisfied, go to H4 (if trading on H1) and look at the histogram indicators TES and TTL, which will have orange and red bars. We open a Short position if the signal is confirmed:
Stop Loss orders are placed in the traditional manner, i.e. on the local minimum and maximum or key support and resistance levels:
When I looked at the data for these Trend Sniper Dominator techniques, I saw that the method to exit a position is to establish a Take Profit that is equivalent to the Stop Loss. However, based on the history of the approach Forex Trend Sniper Dominator, I venture to say that in this manner, the author exits early and can use an alternate method, such as on the opposite signal.
Money management is responsible for the consistent increase of your deposit in trading. Strategy Because Forex Trend Sniper Dominator is positioned as a scalping technique, it is strongly advised not to take more than 1% of the risk in a single position.
We highly recommend trying this trading system for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.