785# StepMa indicator mq4 Strategy
StepMa filtered by support and resistance.
Trend following following system
Submit by Maximo trader
StepMa indicator mq4 Strategy is a trend following strategy filtered by Support and resistance. In this case I used the support indicator and -U-turn resistance but other similar indicators can also be used such as superdem indicator mq4, fxr sr zone etc. the important thing is that we use an indicator that we find ourselves well. As for the StepMa indicator it is probably one of the best trend indicators, in fact it is the best selling free indicator on the mql5 market (from several sellers and other strategies in recent years strategies based on this Intrepid type indicator, Forex Polynom and others), having made this premise, let's move on. this strategy works on all time frames.
The fundamental idea of this strategy is that the trend the direction of the market can be filtered by intermediate stops consisting of areas of support and resistance where the price distributes and then resumes its trend or reverses.
This is a basic template that I will later update. One other characteristic of this template is that of being slow with respect to price action, but the reason is that it is more likely that the area of support or resistance that has formed acts as valid support for the subsequent movement of the price.
Currency pairs: any
Time frame any.
-u-turn support and resistance zones.
StepMa 7.2 pdf. Amp HA with many setting, very flexible indicator.
Trading rules StepMa indicator mq4 Strategy
Wait for the price to bounce off a support area or through a resistance zone.
Enter in the long position when the yellow line turns green.
Wait for the price to bounce off a resistance area or through a support zone.
Enter in the short position when the green line turns yellow.
Exit position options:
At the next supprt/resistancce zone.
Predetermined profit target with ratio 1.2:stop loss.
Initial stop loss above below the support/resistance zone.
In the pictures StepMa indicator mq4 Strategy in action.
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