497# Smart Money Index Trading

Smart Index Trading

Submit by Orazio 30/12/2015

Smart Money Index Trading is an intraday trading system trend-momentum based on the Smart Money Index Indicator and two entry arrow indicators.

Time frame 5 min or 15 min.

 

Currency pairs:any.

Metatrader Indicators:

Dynamic bull and bear band (Band 1: Dev 2, Band 2, Dev , Band 3: Dev 4)

Gann Support and resistance,

Swing Trader arrow,

Smart Money Index,

Hypertrend indicator,

 

Trading rules Smart money index trading.

In this strategy there are two differents arrow: Swing arrow and Hipertrend arrow.

 

First approach

Trading only in direction of the Smart Money Index.

 

Buy

Hypertrend buy arrow confirmed by Smart Money Index with green bar.

Swing Trader arrow buy confirmed by Smart Money Index with green bar.

 

Sell

Hypertrend buy arrow confirmed by Smart Money Index with red bar.

Swing Trader arrow buy confirmed by Smart Money Index with red bar.

 

Second approach

 

Buy

When the price go in lower bands zone wait the buy arrow.

 

Sell

When the price go in upper band zone wait the sell arrow.

 

Do not open more than one position in the same direction

 

Exit place 10-15 pips of stop below/above the entry bar.

 

Make profit with profit target predetermined at the opposite arrow.

In the pictures Smart Money Index Trading in action.

 Smart Money Index Trading
Smart Money Index Trading
 Smart Money Index Trading
Smart Money Index Trading

 

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

 

Comments: 2
  • #2

    John (Thursday, 15 March 2018 12:27)

    Hi Moderator.. I jumped the gun!

    please delete my last comment.. there must have been a mis-download somehow when I first downloaded this indi.. tried again and now see the proper contents. Thank you!

  • #1

    John (Thursday, 15 March 2018 12:23)

    Hi Orazio and others,

    Interesting strategy because I am using exactly the same keltner channel.. however.. you have not included any indicators except the 'Smart_Money_Index.mq4', which looks nothing like the one in the pictures.

    Where is the 'Swing Trader Arrow', especially? I searched and found the keltner channel (dynamic bull and bear bands) and the 'volatility hypertrend' indi.

    Thanks for the idea anyway - but I already had that.
    Cheers..

Smart Money Index
Smart Money Index trading.rar
compressed file archive 46.0 KB