81# Nano Trader Scalper Signal
Trend Following Scalping
Submit by Alexander
New Nano Trader Scalper Signals is atrend following scaping trading system.
Setup Strategy
Time frame 1 min or higher
For scalping purposes, use M1 and M5 trading charts. For
day trading, use the M5, M15 and M30 charts. For swing trading, I recommend to use the H1, H4 and daily
Currency pairs any.
Metatrader 4 indicators
NonaTraderSignal
NanoTraderAnalizer
Trading Rules
Buy
Buy trade when the NanoTrader Analyzer indicator shows a blue bullet, and simultaneously, the NanoTrader Signal indicator also displays a blue bullet.
Example trade
The GBPUSD in the image above shows teo valid signals. The NanoTrader Analyzer Bullet is colored blue and the NanoTrader Signal Bullet is colored blue as well.
Sell
Sell trade when the NanoTrader Analyzer indicator shows a pink bullet, and simultaneously, the NanoTrader Signal indicator also displays a pink bullet.
Example trade
The USDJPY chart above displays a valid sell signal. The
NanoTrader Analyzer Bullet is colored PINK and the
NanoTrader Signal Bullet is colored PINK as well.
This is a valid signal to open a sell trade.
Exit position
a. Close Sell/Buy Trade on on opposite Bullet:
b. Fixed Profit Target: Aim for a fixed profit target. This approach is preferred by many traders as it simplifies the trading process and provides a clear exit point.
c. 2:1 Reward to Risk Ratio: Alternatively, aim for at least a 2:1 reward to risk ratio. This means that the potential profit target should be at least twice the size of the stop loss.
d. Exit Near Previous Swing High (Resistance): Exit the trade near the previous swing high level, which acts as resistance. This can be a potential exit point if the price reaches this level.
Write a comment
Hartmut Bloete (Sunday, 22 July 2012 16:22)
Hello
there is a way that
in Metatrader, to convert 5, for each help
I am very grateful
my email: Digitaldisplay@t-online.de