The trend trading strategy of Smart Trader Indonesia System is based on a combination of resistance and support levels with an oscillator indicating overbought or oversold zones and a filtering trend indicator.
Input parameters
- Currency pairs: any
- Timeframe: M5 and older
- Bidding Time: Any
- Risk management: after calculating the stop loss, choose a lot size so that the risk is no more than 2-5% of the deposit per transaction
Indicators Used
- Key levels
- Support and resistance ZZ
- Symbol pairs
- STI Obos oscillator
- Xcode
- 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 Smart Trader Indonesia System
The graph should look like this:
Signals indicating the opening of a long position
price pushed up from the blue support line;
the yellow line of the Obos indicator crossed the red from bottom to top;
the price is above the blue line of the XCODE indicator, in the upper right corner is an up arrow (Buy).
Signals indicating the opening of a short position
price pushed down from the red line of resistance;
the yellow line of the Obos indicator crossed the red from top to bottom;
the price is below the red line of the XCODE indicator, in the upper right corner is the down arrow (Sell).
Setting a stop loss and take profit order
Stop loss is set above / below the previous local maximum / minimum;
Take profit is set at a ratio of at least 1.18: 1 to stop loss. If an arrow appears in the opposite direction, it is recommended to close the deal.