10 pips a trade

Posted by larosfx on 18 November 2017

Trading with Pallada entry and Super Awesome

Sumbit by FreddyFX

10 pips a trade is a simple but effective strategy for scalping. This trading system is based on Awesome oscillator 2 and Pallada entry modified. This is a High Frequency Trading , but for an best profitability the setting of this MT 4 template is for 15 min e 30 min. 10 pips a trade strategy is also good for trading with renko chart.

Box size 5 pips or higher.

10 pips atrade can be applied a the trading with binary options high/low expiry time 2-3 candles.

Time Frame 15 min -30 min.

Currency pairs: majors with low spread.

Metarader 4 Indicators:

I-Panel trend.

Trend lord.

Pivot Points level

Awesome Oscillator 2 (0 4, 2) is a professional indicator;

Pallada Entry (34, 12, 28, 31);

Renko live chart indicator.

Trading Rules 10 pips a trade

Buy

Pallada entry buy signal confirmed by

Awesome oscillator 2 that crosses upward or above zero level

Trend lord with green bar

I-panel trend above 55 level but optional.

Sell

Pallada entry sell signal confirmed by

Awesome oscillator 2 that crosses downward or below zero level.

Trend lord with red bar bar

I-panel trend below 45 level but optional.

Make profit with 10 pips with GBP/USD, USD/JPY, EUR/USD 8 pips, AUD/USD 7 pips. Alternatively you can have pivot levels as a profit target. Place initial stop loss 8-10 pips below/above the entry bar.

Only a trade in the same direction.

In the first chart, 12 trades: 10 wins and 2 lost.