Trading Strategy Machine Pips with Momentum Is a system specially designed for intraday trading.
The idea of the Machine Pips with Momentum strategy is to determine the price reversal point within the current trend and enter the market along the trend to achieve this goal using the I-regression channel with two moving averages and MACD.
- Currency pairs: any with a low spread
- Timeframe: M15 and older
- Trading Hours: London, New York
- Risk management: choose such a lot size that the risk is no more than 2-5% of the deposit per trade
- I-regression (degree 3.0, deviation 1.8, bars back 240).
- EMA (5, close)
- EMA (8, close)
- MACD 2 Line (12, 26, 9)
- CCI (5) with RSI (14, levels 40-60)
Installing indicators and system template
- Unpack the archive with templates and indicators
- Copy the indicators to the MQL4 folder -> indicators
- Copy the templates to the templates folder
- Restart the terminal
- Opening the chart of the required currency pair
- Install a template named Machine Pips with Momentum
The graph should look like this:
Signals indicating the opening of a purchase
- the I-regression channel is horizontal or directed upwards;
- the price bounced off the lower border of the I-regression channel or broke it upwards;
- blue EMA crosses yellow from bottom to top;
- CCI is above RSI and breaks through level 60;
- the MACD line crossed the signal line from the bottom up.
Signals indicating the opening of a sale
- the I-regression channel is horizontal or directed downward;
- the price bounced off the upper border of the I-regression channel or broke it downwards;
- blue EMA crosses yellow from top to bottom;
- CCI is below RSI and breaks through level 40;
- the MACD line crossed the signal line from top to bottom.
Setting stop loss and take profit
- stop loss is recommended to be set above / below the previous local maximum / minimum;
- take profit order is set at a ratio of 1.5: 1 to stop loss. The use of the trailing stop function is recommended.
Before use intraday trading strategy Machine Pips with Momentum on a real deposit, we recommend testing it on a demo account.
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