This a very powerful strategy described by Vito – I want to share it with you guys so more people get involved and hopefully the strategy will improve and will work perfectly for all of us. So here is the strategy:
MT4 Indicators which have to install:
Call trade signals
You have to wait for all signals before taking action – this is very important!
1.Blue UP arrow appears and little green arrows start (boSugarman Signals)
2.Green arrows stop and a white dot appears
3.Stochastic leaves OB/OS Zone (Limit:5)
4.MBFX changes color into yellow/green
When all 4 signals appear at the same time you are ready to enter a call trade
You can use 60 sec charts with 60 sec expiries
Put trade Signals
1.Purple DOWN arrow appears and little red arrows start
2.Red arrows stop and a white dot appears
3.Stochastic leaves OB/OS Zone (Limit: 95)
4.MBFX changes color into yellow/red
In this scenario you are good to go with a put trade
You can enter a trade when MBFX and Stochastic are showing a strong reversal – it should be a clear change of direction. Don’t trade when MBFX is flat even if it changes color.
For example when MBFX changes from green to yellow is not good enough – wait for the red color to take the trade.
The perfect momentum is probably after the first white dot appears – you can go with the second candle.
You better try the strategy for some time in your demo to figure out perfect timing.