579# 10 pips a trade
Trading with Pallada entry and Super Awesome
Sumbit by FreddyFX
10 pips a trade is a simple but effective strategy for scalping. This trading system is based on Awesome oscillator 2 and Pallada entry modified. This is a High Frequency Trading , but for an best profitability the setting of this MT 4 template is for 15 min e 30 min. 10 pips a trade strategy is also good for trading with renko chart.
Box size 5 pips or higher.
10 pips atrade can be applied a the trading with binary options high/low expiry time 2-3 candles.
Time Frame 15 min -30 min.
Currency pairs: majors with low spread.
Metarader 4 Indicators:
Pivot Points level
Awesome Oscillator 2 (0 4, 2) is a professional indicator;
Pallada Entry (34, 12, 28, 31);
Renko live chart indicator.
Trading Rules 10 pips a trade
Pallada entry buy signal confirmed by
Awesome oscillator 2 that crosses upward or above zero level
Trend lord with green bar
I-panel trend above 55 level but optional.
Pallada entry sell signal confirmed by
Awesome oscillator 2 that crosses downward or below zero level.
Trend lord with red bar bar
I-panel trend below 45 level but optional.
Make profit with 10 pips with GBP/USD, USD/JPY, EUR/USD 8 pips, AUD/USD 7 pips. Alternatively you can have pivot levels as a profit target. Place initial stop loss 8-10 pips below/above the entry bar.
Only a trade in the same direction.
In the first chart, 12 trades: 10 wins and 2 lost.