12# Supports and Resistances Dynamics

Supports and Resistances scalp

Submit by ForexStrategiesresources

 

 

This is an dynamic breakout forex system. The advantage of this system is good earnings in trending market and less drawdown.


 Pairs:Major

Time frame: 15M.

Spread max:0,0001.

The Supports and Resistances Dynamics ” method scalps pips when price breaks through major support and resistance. There is always an opportunity to grab at least a few pips and on some occasions catch a runner.

 

Indicators:

 support and resistance dynamics (dyn_r_s).

 

Entry position: Wait for the m15 candle to close. Enter long 1 pip above the red dot of the closed candle and short 1 pip below the blue dot of that candle. You should use pending orders to ensure you enter at the correct price. Pending orders are valid until they are triggered or until another dot appears on an m15 candle.

 

Profit Exit: 8 pips (EUR/USD), 7 pips (AUD,USD, USD/JPY), 9 pips (GBP/USD).

 

Loss Exitstop loss on high/low setup bar and the settings set a break even as we gain 5 pips.

 


In the pictures below an example of the Support and Resistence Dynamics Forex System in action.

tpl.support and resistance dynamics.zip
Compressed Archive in ZIP Format 1.8 KB
Support and resistance Dynamics
Support and resistance Dynamics
Support and resistance dynamics
Support and resistance dynamics
dyn_s_r Trading System
dyn_s_r Trading System: Support and resistance dynamics is a trading system based on support and resistance.
dyn_s_r.zip
Compressed Archive in ZIP Format 5.8 KB

 

Share your opinion, can help everyone to understand the forex strategy.

 

Write a comment

Comments: 3
  • #1

    Andy Fx (Wednesday, 19 September 2012 00:33)

    I use the same method but manual, nice to have the indicator :D and by the way its the most profitable and stressless system out there!

  • #2

    Busayo (Tuesday, 09 December 2014 01:11)

    Please could you teach me how set up the trading system(s) unto my metatrader software?

  • #3

    ivan (Thursday, 28 May 2015 12:11)

    what settings do you use on indicator?
    Thanks.

    Regards,
    Ivan