Trading Strategy Machine Pips with Momentum for Day Trading


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.

Input parameters

  • 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

Indicators used

  • 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:

Trading Strategy Template Machine Pips with Momentum

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.
Intraday Trading Strategy Machine Pips with Momentum
Example of entering a buy trade

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.
Intraday Trading Strategy Machine Pips with Momentum
Example of entering a sell trade

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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