The trading strategy of the Power Trading System is based on the use of the Price action 1-2-3 pattern and is intended for scalping.
The 123 PZ Scalping trading strategy is optimized for scalping. The strategy is based on the well-known Price action 1-2-3 pattern, filtered by three moving averages. The system has a pronounced trend character, therefore it is recommended to open deals exclusively in the direction of the current trend.
Input parameters
- Currency pairs: any with a low spread
- Timeframe: M5 and older
- Bidding Time: Any
- Risk management: choose a lot size so that the risk is no more than 2-5% of the deposit per transaction
Indicators Used
- PZ 123 (size pattern 6)
- EMA (10, close)
- EMA (200, close)
- EMA (100, close)
- EMA (50, close)
- Extreme profit Softavare
- Extreme Profit 1
- Daily Dynamic Trend Currency
Installation of indicators and system template
- Unpack the archive with templates and indicators
- Copy the indicators to the MQL4 folder -> indicators
- We copy the templates to the templates folder
- Restart the terminal
- Open the chart of the desired currency pair
- Install the template named 123 PZ Scalping
The graph should look like this:
Signals indicating the opening of a buy position
- EMA 50 (black) above EMA 200 (red);
- Extreme profit indicator is green, indicates a bullish setup;
- the value of bull strength on the Daily Dynamic Trend Currency indicator is more than 50%;
- a blue up arrow appeared.
Signals indicating the opening of a sell position
- EMA 50 (black) below EMA 200 (red);
- the extreme profit indicator is red, indicates a bearish setup;
- the value of the strength of the bears on the Daily Dynamic Trend Currency indicator is more than 50%;
- a red down arrow appeared.
Setting Stop Loss and Take Profit
- Stop loss is set a few points above / below the previous local maximum / minimum;
- Take profit is set at a minimum ratio of 1.3: 1 to stop loss or the opposite line of support / resistance of the current trend.