At the heart of a trading strategy Kevinator Retracement based on the principle trade on pullbacks. This scalping strategy is designed to trade on major currency pairs.
Characteristics of Kevinator Retracement
- Type of strategy: scalping
- Platform: Metatrader4
- Currency pairs: EURUSD, GBPUSD, USDCHF, AUDUSD, USDCAD
- Trading Time: Around the clock
- Timeframe: M1 - M15
- Recommended broker: Alpari
Rules trade for strategy Kevinator Retracement
Open order Sell. To open an order for sale is necessary that the indicator MTF Stoch 4TFx4 (yellow line at the bottom of chart) decreases, which indicates to us on a downward trend, and we will only to open positions for sale, as well as on the indicator Retracement Finder has appeared purple signal bar. In this opening position only after the closing of the signal candle.
Open order Buy. Opening buy orders when the yellow indicator line MTF Stoch 4TFx4 increases, which indicates to us on an upward trend, as well as on the indicator Retracement Finder has appeared purple signal bar. While also opening position only after closing the signal candle.
Closing positions can be performed in two methods, depending on what you like or more suitable. Closing positions can be performed either after the appearance purple bar on the indicator Retracement Finder, which shows us the possibility of short changing the direction of price movement, either set Take Profit, which must be equal to 10-40 pips.
Stop Loss is set at 10-15 points.
In the archives Kevinator.rar:
- 1-Retracement Finder1.mq4
- 5m kevinator retracement system - 2.tpl
Free Download Kevinator