An intuitive Scalping Strategy for MT4 is the Tornado Scalping System. It is a complicated scalping and day trading technique that is built on multiple trend and momentum indicators. This system uses logic to identify market trends and place trades in accordance with those trends. It is based on a complete set of technical trend indicators that identify the ideal time to trade rather than a single indication.
FX Prime V.2, BB MACD, and Bollinger Band Squeeze make up the filter system. The market entrance is predicated on the crosses of the Soeasy bands’ Mon lag MA, LWMA 6, and LWMA 12.
Trading on M5 and M15 charts is an excellent fit for the Forex Tornado Scalping Strategy. It can be adjusted with charts for various currency pairs. To fully grasp this technique, you must first learn all of its various instruments. Once you have done so, you must continue to adhere to all of its regulations.
The entire Scalping Strategy is manual. The indicators generate the signals, but the trader ultimately decides whether to enter the market and whether to establish protection stops or profitable exit stops. As a result, the trader must be conversant with the concepts of risk and reward and set entries and exits using initial support and resistance levels.
The Tornado Scalping Strategy can provide you with trading signals that you can use as-is or further filter using further chart research, which is advised. Although this strategy can be used by traders of all experience levels, it may be helpful to practice trading on an MT4 demo account first until you are reliable and self-assured enough to trade in real time.
Indicators for this MT4 Scalping Strategy
- The weighted moving averages LWMA6 and LWMA12 have been particularly altered and are based on 6 and 12 periods, respectively. A 6 period MA above the 12 indicates a bullish trend, whereas the opposite action is regarded as a bearish trend.
- Soeasy BBands: This is a pretty straightforward tool for spotting trends. Price above the band indicates a bullish trend; below the band, a negative trend is implied.
- MOACX Non Lag MA25: This moving average is built on 25 periods and responds much more quickly to recent price movements than standard moving averages. It aids traders in locating momentum with shorter durations for scalping.
- BB Macd: This oscillator also follows trends. Its colored dots are visible above its dual dynamic channel, and its positive value denotes a strong bullish trend. If the contrary occurs, it denotes a bearish thrust.
- It is a trend strength meter, FX Prime V2. If it turns green or ash, it will indicate bearish control and bullish strength.
- BB Squeeze: It functions quite similarly to the MACD oscillator. Positive means there is bullish momentum, and negative means there is bearish momentum. A further aid is identifying trade exit points.
The Tornado Scalping Indicator System allows you to configure it to send you signal alerts via email, platform pop-ups, and mobile notifications. This is advantageous since it allows you to keep an eye on numerous charts at once rather than having to spend the entire day waiting for signals to come on the charts.
Any Forex currency pair as well as other assets including commodities, digital currencies, binary options, stock markets, indices, etc. can be used with the Tornado Scalping System. Additionally, you can use it on whatever time frame that works best for you, from 1-minute to 4-hour charts. Timeframes of M5 and M15 are ideal.
Tornado Scalping Strategy Trading rules
Buy
- Max_NonLagMA price passes the Soeasy BBand higher after two MA in color are applied.
- With a positive value, BB Macd dots appear over its channels.
- Blue bar for Fx Prime Final V2.
- BBSqeeze maintains a level above zero.
Sell
- Max_NonLagMA price crosses the Soeasy BBand downward with two MA in color added.
- Below its channels, BB Macd dots with a negative value can be seen.
- Red bar on Fx Prime Final V2.
- BBSqeeze continues to be below zero.
Trade Exist
This approach allows for the liquidation of any positions using a predetermined profit target. As an alternative, the profit target ought to be established utilizing prior support or resistance as a guide. To position your take profit a few pip below that level, you can draw a line horizontally from the prior support/resistance level. In the event that the system’s parameters change (BB Squeeze Value), you may also choose to end the transaction manually.
It is advised to employ a stop loss. Using prior support or resistance as a guide, set SL below the entry price. You can then position the exit stop above or below the support or resistance. It is not advised to use fixed stop loss values without any reference points. or on the high/low swing that came before.