Your support is fundamental for the future, to continue sharing the best free strategies and indicators.


170# DayTrading Master

Trend Following Strategy For Day Trading

Day Trading Indicators

Submit by Dimitri

 

DayTrading Master is a trend following strategy for day trading it's based on trend Day trading Master Indicator.

This indicator has the following features:

Features of this indicator:

 

  • All trades have at least 1:2.5 risk reward and up to 1:6.

 

  • Small stops on all trades

 

 

  • High winning ratio when used with the right filtering indicator (ChartCycles is included)

First Step Install the indicator in your MT4, Check the reference page for detailed installation. As a quick reference: Add the Daytrade Master indicator and ChartCycles indicator to the indicators folder and the Daytrade template to the templates folder under File/Open Data Folder/templates in Metatrader.

Second Step apply the template Daytrade Master to your MT4 charts.

Third Step take trades with proper money management, that is don’t gamble your money and trade properly, remember if you make just 3% per day, you will double your account in a month when you compound the profits.

Entry Setup

Now the trades are very simple to find. There is one setup you need to find. This setup consists of a blue dot in a blue box for Buy entries and a red dot in a red box for Sell entries.

 

 

Use the 15 M or 30M time frame with the ChartCycles indicator to find daytrading opportunities.

 DayTrading Master
DayTrading Master

Buy Entry: Blue dot in Blue box.

If the blue dot is before the formation of the blue box, then ignore the signal. The best signals are when the blue dot is inside the blue box and the same for the red dot inside the red box for sell signals.

The DTM will plot the boxes automatically according to the short term trend in the market. A red box means look only for Selling opportunities. A blue box means look only for buy opportunities.

Exits

To exit a trade there are 3 simple exits:

Exit at Green line target

Exit at Red line stoploss

Exit at end of US session if none of the stoploss or target has been hit.

Exit if a reverse dot appears.

Money Management

Make sure to never risk more than 2-3% of your trading capital on any single trade. To increase your chances of making more profit try to enter as close to the bottom of the blue box as possible. If you enter at the top of the box the Risk:Reward ratio is 1:2.5 and if you enter at the bottom of the box the Risk:Reward ration is 1:5.7. This is a very important information cause it means if you enter at the top of the box you can win 3/10 trades and breakeven, and if you enter at the bottom of the box you can win 2/10 trades and breakeven. If you follow the simple trading rules above you should win over 8/10 trades. Its simply a blue dot in a blue box to enter a trade.

In the pictures Day Trading Master in action.

 DayTrading Master
DayTrading Master
 DayTrading Master
DayTrading Master
 DayTrading Master
DayTrading Master

download link

https://drive.google.com/file/d/1ag12EcyUL_lgxUKDsmNIjmW5U0wltv3n/view?usp=sharing

Share your opinion.

Comments: 0
https://www.forexstrategiesresources.com/.../429-easy-day-trading-strategy/
Easy Day Trading Strategy is based on two indicators: SS Short term trends and SS Early alert arrows. Let's start with the best times to trade. Granted the forex.
https://www.forexstrategiesresources.com/.../591-high-profitable-day-trading/
High Profitable Day Trading is a trend momentum strategy for intraday trading based on Moving Averages, RSI and Fischer indicator as filter. The main features  ...
https://www.forexstrategiesresources.com/.../104-vlad-system-15-min-daytrading/
Vlad System, 15 min Day Trading - Forex Strategies - Forex Resources -
https://www.forexstrategiesresources.com/.../608-day-trading-with-parabolic- sar/
Day Trading with Parabolic Sar is a simple but effective trading system for intraday based on Parabolic Sar as filter of fast arrows and curves indicator.
https://www.forexstrategiesresources.com/.../Forex+day+trading+system.pdf? ...
File Format: PDF/Adobe Acrobat
I created this mini-ebook to give you many details about my forex day trading system and some ideas. I hope it can helps you if you want to create your own forex.
https://www.forexstrategiesresources.com/.../596-dema-day-trading-strategy/
Dema Day Trading Strategy is simple and easy trading system trend following based on Dema indicator RLH2 Metatrader 4. The purpose of this strategy is find  ..
https://www.forexstrategiesresources.com/.../71-channel-breakout-for-daytrading/
Channel Breakout for Day Trading is a simple breakout strategy suitable for day trading. This trading system is based on the indicators channel breakout and ...
https://www.forexstrategiesresources.com/.../ Candlestick%2BPatterns%2Bfor%2BDayTrading.pdf?...
File Format: PDF/Adobe Acrobat
Candlestick Patterns for Day Trading. Introduction. Japanese rice traders developed candlesticks centuries ago to visually display price activity over a defined ...
https://www.forexstrategiesresources.com/.../103-day-trading-gbp-jpy/
Day Trading GBP/JPY - Forex Strategies - Forex Resources - Forex Trading-free forex trading signals and FX Forecast.
https://www.forexstrategiesresources.com/breakout.../2-open-day/
Open Day is an trading system based on the market daily activity and the system works on the principle of the breakout.