The Multi Regression Degree Scalping trading strategy is designed for scalping in the channel with simple rules and profitable signals to enter the market.
The trading strategy for scalping Multi Regression Degree Scalping is based on the use of a channel built at the polynomial regression levels with three degrees of deviations.
Signals to enter a position are generated at the channel borders (buy — at the bottom of the channel, sell — at the top of the channel) in combination with support and resistance levels.
Input parameters
- Currency pairs: low spread pairs are recommended
- Timeframe: any
- Bidding Time: Any
- Risk management: after calculating the stop loss, choose such a lot volume so that the risk is no more than 2-5% of the deposit per transaction
Indicators Used
- Zig Zag triad (12, 5, 3) — to display support / resistance levels;
- Trend line channel (deviation: 1.618, 2.618, 3.618) — to display the channel;
- SHI-signal (optional);
- Trend signal (SR 5, FP 17, MA5, levels -0.95, +0.95) — to generate trading signals.
Price Chart Setup
- Unpack the archive
- Copy the template to the templates folder
- Copy indicators to the MQL4 folder -> indicators
- Restart the terminal
- Open the chart of the desired currency pair
- Install the template named Multi Regression Degree Scalping
The graph should look like this:
Signals indicating the opening of a long position
- the line of the Trend signal indicator crossed the level of -0.95 from the bottom up, a green dot appeared on the line;
- the price is below the midline of the channel and pushed up from the support level;
- if the signal coincides with the price crossing the midline, then such a signal can be used.
Signals indicating the opening of a short transaction
- the line of the Trend signal indicator crossed the level of 0.95 from top to bottom, a red dot appeared on the line;
- the price is above the midline of the channel and pushed down from the resistance level;
- if the signal coincides with the price crossing the midline, then such a signal can be used.
Setting a stop loss and take profit order
- stop loss is set above or below the level of resistance or support;
- Take profit is set depending on the currency pair and timeframe. It is recommended to close the position when the price reaches the level of support or resistance, as well as when the signal line of the Trend signal indicator reaches the opposite level (-0.95 or +0.95).