Today I will teach you a very helpful mt4 trading strategy. It is very simple as I always teach my students. Keep things simple, even in trading or in coding or in programming. Always keep it simple and don’t complicate the things. Before we proceed with this post, be sure you set correctly your metatrader (MT4) chart.
Today our strategy is extremely easy. It relies on two indicators. The first is an improved version of Super Trend indicator (RpcTechnology_SuperTrend). The old Super Trend is not accurate and is repainting so I reprogram it and I included some improvements to it in order to be more accurate and not repainting, be sure to follow our MQL4 programming posts. The second indicator is the Stochastic indicator.
The strategy is very easy. Buy low (OverSold) and Sell high (OverBought). Buy when the trend is going up and the price is oversold and sell when the trend is going down and the price is overbought.
I will give you another example, Let’s see the chart. You can see here the Super Trend. This is the Super Trend and I will provide the link in the description, and this is the traditional Stochastic indicator.
Let’s find entry points for our trading now, for example here it’s a good entry point to buy. You see, the Super trend is green, it means it is a bullish Trend and Stochastic signal cross below the level 20.
This is level 20. So as you see here, the Stochastic signal is under the level 20 and we are in the bullish trend. So it’s a good entry point to buy.
We exit the trade in two cases.
1 – We exit when the Stochastic signal cross above the 80 level, which means here at this level, this is the 80 level (as you see in Fig.3)
2 – In the second case, we exit the trade in case the SuperTrend enter into a Bearish Trend, for example here we see the SuperTrend become red (Fig.4).
Now Let’s find a Sell trade. For example (Fig.5). We enter into sell trade when the stochastic signal goes above 80 level, and exit the trade when stochastic signal goes below 20 level, or the RpcTechnology_SuperTrend become bullish trend.
This mt4 trading strategy is a great easy tool for forex traders, crypto traders, Bitcoin trading or any type of trading, just follow the rules of this trading strategy and you will see yourself making very good profit. Every trader beginner or professional should know this strategy and apply the indicators in his chart and sit and relax and make passive income from trading.
You can download the RpcTechnology_SuperTrend
For a full explanation for this post please visit our YouTube channel “Rpc Technology” and watch the video tutorial