Trading strategy for MetaTrader 4 based on the SFT Trend Chart indicator
Multicurrency strategy - suitable for any currency pairs, as well as for trading metals, options and cryptocurrency (Bitcoin, Litecoin, Ethereum, etc.)
Trading can be conducted on any timeframe.
Depending on your preferences, you can use both scalping and intraday, as well as medium-term and long-term.
The basis for opening deals is the trend indicator SFT Trend Chart .
Trading can be conducted using this indicator alone.
You can also use the SFT Local Trend Signal dial indicator for more accurate order entry.
Now we will consider in detail the options for opening, tracking and closing positions with both one and two indicators.
And at the end of the article you can download a ready-made template with all the settings, as well as links to the indicators themselves with a description and a detailed video overview of their capabilities.
Installation and Setup
Learn more about how to choose, install, test for free, as well as buy indicators, see YouTube on video tutorials.
The settings described in this manual are indicated for the EURUSD currency pair.
Other tools may require additional adjustment of the indicator parameters.
Experimenting a little, you can choose the settings for any trading tool.
Other tools may require additional adjustment of the indicator parameters.
Experimenting a little, you can choose the settings for any trading tool.
SFT Trend Chart Trading Strategy
Deep Bars = 500
Sensitivity = 3
Price = Close Price
MA1 Mode = Exponential
MA2 Mode = Exponential
MA3 Mode = Exponential
Sensitivity = 3
Price = Close Price
MA1 Mode = Exponential
MA2 Mode = Exponential
MA3 Mode = Exponential
Trading Rules
Appearance on the SFT Trend Chart indicator candles. a certain color is a signal to open trades:
- on a formed red candle open Sell or Put (for options)
- on a formed blue candle open Buy or Call (for options)
The direction of opened deals should correspond to the trend direction on a higher timeframe and the current candle on it should be of the same color.
If you trade on M1 or M5, then you should focus on M30 and H1.
When trading on M15, M30 and H1, we focus on H4, D1 and W1, respectively.
If you trade on M1 or M5, then you should focus on M30 and H1.
When trading on M15, M30 and H1, we focus on H4, D1 and W1, respectively.
Exit from the transaction is carried out on orders placed SL and TP.
SL should be set for the nearest extremum, and TP should be equal from 1 to 2 SL sizes.
SL should be set for the nearest extremum, and TP should be equal from 1 to 2 SL sizes.
SFT Trend Chart + SFT Local Trend Signal Trading Strategy
For more accurate inputs and filtering false signals, it is recommended to use an additional trend indicator.
An arrow indicator SFT Local Trend Signal is a great addition.
It significantly increases the reliability and accuracy of inputs.
Deep Bars = 500
Sensitivity = 2
Price = Close Price
MA1 Mode = Exponential
MA2 Mode = Exponential
MA3 Mode = Exponential
Sensitivity = 2
Price = Close Price
MA1 Mode = Exponential
MA2 Mode = Exponential
MA3 Mode = Exponential
TrendPeriod = 9
Sensitivity = 10
Smoothing = 4
SoundAlert = False
EmailAlert = False
Sensitivity = 10
Smoothing = 4
SoundAlert = False
EmailAlert = False
Trading Rules
The appearance of a certain color candle on the SFT Trend Chart indicator
A signal arrow of the same color from the indicator SFT Local Trend Signal appears on the same or on the next bar
- after a red candle has formed and a red arrow appears on the same or the next candle, open Sell or Put (for options)
- after a formed blue candle and the appearance of a blue arrow on the same or on the next candle open Buy or Call (for options)
The direction of opened deals should correspond to the trend direction on a higher timeframe and the current candle on it should be of the same color.
If you trade on M1 or M5, then you should focus on M30 and H1.
When trading on M15, M30 and H1, we focus on H4, D1 and W1, respectively.
If you trade on M1 or M5, then you should focus on M30 and H1.
When trading on M15, M30 and H1, we focus on H4, D1 and W1, respectively.
Exit from the transaction is carried out on orders placed SL and TP.
SL should be set for the nearest extremum, and TP should be equal from 1 to 2 SL sizes.
SL should be set for the nearest extremum, and TP should be equal from 1 to 2 SL sizes.
It is recommended to work with this strategy only with reliable and proven brokers. Who have no problems with the withdrawal of funds.
It is also desirable that ECN has accounts with a low spread and a low commission per transaction.
Before you decide to open a trading account, be sure to read online reviews about your broker.
Well, if you have difficulties with choosing a company, then in my blog you can find brokers with whom I personally work .
These companies can be trusted; for more than seven years of experience working with them, no problems have arisen.
Always adequate trading conditions, quality support and quick withdrawal.
Choose any of them: LIST HERE
Indicators and template with settings
- SFT Trend Chart indicator with description and video review
- SFT Local Trend Signal indicator with description and video overview
- Template with settings TS SFT Trend Chart + SFT Local Trend Signal.tpl
