Higher Frequency Trading Forex Strategy (HFT)
Dragon 5 min scalping is a forex strategy for higher frequency forex trading (HFT). The trading strategy provides tools that allow an easy market view and actual trading. The main feature is the sequence of color arrows to enter easily filterable with the band of moving averages and the chart trendline that must be concordant with the arrows or when there is a double breakout in an inversion of the trendline trend and the band of moving averages. The Dragon 5 min scalping strategy provides a currency of strength that indicates solid and weak currencies to hit strong currencies against weak currencies.
TimeFrame 5 min.
Currency Pairs with bit low spreads but volatiles and Indices such as S&P 500, Dax, and Dow.
Trading Time market 9:00 – 20:00 GMT Berlin.
Metatrader 4 indicators
Band of MA is composed by:
20 simple moving average, high.
20 simple moving average, low.
20 LWMA is the moving average indicator, median.
Arrows for timing trade entry (default setting).
Currency Strength (primary setting). We propose using the CS to find currencies in motion, not for directionality. So choosing an excellent strong currency against a weak one means movement.
Forex Pivot Points levels.
Logic trendline
Symbol Changer indicator.
Trading rules Dragon 5 min Forex Scalping.
Trades only in the direction of Band forex Moving Average.
Search for strong against weak currencies and apply mt4 Dragon Dragon 5 min Scalping.
Buy Entry
The price candle is above forex MA bands when appearing green arrow place a buy market entry at the opening of the next chart bar.
Also, check the concordance with the chart trendline.
In the event of an inversion, there must be at the same time: the color arrow, the price candle break the trendline, and the ma bands upward.
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Sell Entry
The price chart candle is below MA bands. When appearing red arrow place a buy market entry at the opening of the next bar.
Also, check the concordance with the trendline.
In the event of an inversion, there must be at the same time: the arrow red, the price candle breaking downward the trendline, and the ma bands.
Exit at the opposite arrow, at the pivot points, or with a fast profit target.
Stop loss 10-15 pis depending on currency pairs.
It is advisable to disable trendline alerts.
In the pictures, Dragon 5 min Scalping in action.
Download Link Below the Images
