FREE DOWNLOAD “Forex sMAMA Slope Direction Line Crossover Trading System” – This simple strategy is based on a simple crossover of two indicators while using the same indicator to protect profits or exit trades.
The Slope Direction Line indicator is an indicator that assists in identifying trends, which is based on 50 periods.
Like most crossover strategies, the trade is entered not at the optimal point where price reversed, but a few candles after that.
This is because this strategy would have the trader wait for the confirmation of an intermediate trend reversal prior to entering the trade.
- Time Frame: H1 or higher
- Currency Pairs: Any
MetaTrader Trading Indicators
- sMAMA
- Slope Direction Line
- Stoch Histogram
How to install “Forex sMAMA Slope Direction Line Crossover Trading System”
- Download “Forex sMAMA Slope Direction Line Crossover Trading System” (Zip/RAR File).
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
- Copy the “sMAMASlopeDirectionLineSystem.tpl” file (template) to your Metatrader Directory …/templates /
- Start or restart your Metatrader Client.
- Select Chart and Timeframe where you want to test your forex system.
- Right click on your trading chart and hover on “Template”.
- Move right to select “sMAMASlopeDirectionLine” trading system and strategy
- You will see “Forex sMAMA Slope Direction Line Crossover Trading System” is available on your Chart
BUY Rules
- sMAMA: Yellow line > white line
- Slope Direction Line: Green
- Stoch Histogram: Green histogram
SELL Rules
- sMAMA: Yellow line < white line
- Slope Direction Line: Red
- Stoch Histogram: Red histogram
Trading NOTES
- Stop Loss: The stop loss should be placed above the previous swing high (SELL) or below the previous swing low (SELL).
- Trailing Stop Loss: The stop loss should be trailed just a few pips below the Slope Direction Line as soon as the trade is already in profit even if stopped out on that area.
- Overall, if used correctly during trending markets, this strategy would be very profitable.
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