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Simple Trading Strategy For Anybody Interested Using MT4

Tony Gregg
Greggy
Oct 13 2016 at 07:53
158 posts
1. Place Parabolic on chart.
2. Place 1 Day Smooth Moving Average on Chart.
3. In Indicators List go to Edit to change Moving Average just placed on Chart and Apply to First Indicator's Data.
4. Place 5 Day Smooth Moving Average on Chart.

How to Use:

1. Draw Trend lines from the Low or High on any Time Frame intersecting where Moving Average intersects with Parabolic Average as in 2nd Chart Example (a). These lines tend to provide support and resistance. Above the Red Line - Buy. Below the Red Line - Sell.
2. Draw horizontal lines where Red Moving Average crosses Parabolic Average - These also provide signals to Buy or sell as in the next example (b)

Can also add other MA's as you require, same technique applies!!!

Do this on appropriate Time Frames. This strategy can be used on all time frames from 1 minute to Monthly.

Any queries contact me on this forum and I will answer them.

Happy Trading.

Tony Gregg
Greggy
Oct 13 2016 at 11:42
158 posts
Forgot to say wait until parabolic pops on whatever time frame before drawing trend line from lows and highs and ensure they cross where the MA crosses the Parabolic Average. I use 5 Day Smooth Moving Average.

Tony Gregg
Greggy
Oct 13 2016 at 11:46
158 posts
If you do not have MT4 just draw line from the last parabolic to the first once it's been popped.

cyborgtrader
Oct 14 2016 at 06:29
2 posts
Tony Gregg
Greggy
Oct 15 2016 at 20:11
158 posts
LLewis
Oct 25 2016 at 06:33
35 posts
Thanks for sharing. Also give us some insights on the results of the strategy applied by you 😄

Once a trader, always a trader!
PriceAction13
Jan 03 2017 at 10:50
58 posts
I am not sure only indicator based trading will how much effective! For the reason that, I have very bad experience on indicator based trading! I seem; traders need clear knowledge on technical and fundamental analysis for being a consistent payer here! In addition, I judge trading strategies according to their live performance either its profitable or not!

To change your trading result, just change your thinking.
fabell4
Jan 04 2017 at 07:44
12 posts
PriceAction13 posted:
I am not sure only indicator based trading will how much effective! For the reason that, I have very bad experience on indicator based trading! I seem; traders need clear knowledge on technical and fundamental analysis for being a consistent payer here! In addition, I judge trading strategies according to their live performance either its profitable or not!



Well one should not rely entirely on trade by indicators. But it is not something that can be completely ruled out. Combining indicators and analysis seems to be a good idea

fabell4
Jan 04 2017 at 07:45
12 posts
@PriceAction13 What is your way of trading?

ilian1
Jan 04 2017 at 07:56
15 posts
LLewis posted:
Thanks for sharing. Also give us some insights on the results of the strategy applied by you 😄



Do you use strategies like this too?

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