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140# Scalping with 200 SMA

SuperTrend Trading System

Trend Following Strategy

Scalping system with SMA 200”, that is a trend-seeking strategy that implements a key technical indicator (200 period Simple Moving Average ), in determining the overall market trend with 80% accuracy.

As long as the price of the forex pair remains above the 200-period SMA, it is considered a bullish trend.

Conversely, the market is tagged bearish when price stays below the 200-period SMA.

The inclusion of other technical indicators to the 200-period SMA yields a strategy that’s overly sensitive to the direction of the market.

The strategy has shown impressive trading results for both long- and short-term market signals.

 

In the following image I will show you the setup of the strategy.

Scalping with 200 SMA
Scalping with 200 SMA

 

Trading View Chart Setup

Time Frame(s): 1-Minute, 3-minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day.

Trading Sessions: any.

Currency Pairs: any pair + Gold.

Trade Style: scalping, day trading and swing trading.

Indicators

200 Simple moving average, close.

Supertrend (Factor 3.5, period 10).

Coppock Curve (50, 14, 11).

In the following video I will show you how I do the setup of the strategy.

Trading Rules

Buy

Open a buy trade when the following conditions are met:

  • The 200 SMA Trading View indicator should be printing a blue averaging line below the candlesticks indicating a bullish trend.

  • The Supertrend indicator should be printing a line below the price bars indicating a bullish trend reversal.

  • The coppock forex indicator should be printing histograms above the zero-horizontal level indicating a bullish trend.

Stop Loss

Set the stop loss below the 200 SMA.

Take Profit

  • Close the trade as soon as the price opens and closes below the 200 SMA indicator.

  • Alternatively, close the trade for a predetermined profit target, for example exit the buy trade for +25 pips TP on the 5-minute time frame.

  • Then again, close the trade when the Supertrend changes direction.

Sell

Open a sell trade when the following conditions are met:

  • The 200 SMA Trading View indicator should be printing a blue averaging line above the candlesticks indicating a bearish trend.

  • The Supertrend indicator should be printing a line above the price bars indicating a bearish trend reversal.

  • The coppock forex indicator should be printing histograms below the zero-horizontal level indicating a bearish trend.

Stop Loss

Set the stop loss above the 200 SMA.

Take Profit

 

  • Close the trade as soon as the price opens and closes above the 200 SMA indicator.

  • Alternatively, close the trade for a predetermined profit target, for example exit the sell trade for +25 pips TP on the 5-minute time frame.

  • Then again, close the trade when the Supertrend indicator changes direction

  • Note:Re-entries in the same direction are not recommended, but wait for the next trend change direction setup.

Scalping With 200 SMA
Scalping With 200 SMA
Scalping with 200 SMA
Scalping with 200 SMA

Telegram channel: https://t.me/freeforexresources

Scalping with 200 SMA Indicators and Template Metatrader 4
Scalp 200 SMA MT4 indicators.rar
compressed file archive 9.9 KB

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