Trading strategy for MetaTrader 4 based on the SFT Balance Line indicator
The strategy is suitable for any currency pair, as well as trading metals, indices, options and cryptocurrencies (Bitcoin, Litecoin, Ethereum, etc.)
Trading can be done at any time frame.
Depending on your preferences, trading can be both scalping, intraday, medium term and long term.
The basis for opening operations is the SFT Balance Line Indicator
It automatically calculates the balanced price value and shows in which direction and by how much the balanced price value is currently moving.
You can trade only with this indicator.
And at the end of the article there are links to the indicator with a description and the possibility of free trials, as well as a video review of its capabilities.
It is recommended to work according to this strategy only with reliable and trustworthy brokers who have no problems with the withdrawal of earned funds.
It is desirable that the company has ECN , NDD , STP or PRO accounts with a small spread and a low commission per transaction.
We recommend trading with RoboForex where we test all our products
Installation and configuration
For more information on how to choose, install, test for free and buy indicators, see YouTube at training videos
The parameters described in this manual are specified for a EURUSD currency pair
For other instruments, additional adjustment of the indicator parameters may be necessary.
With a little experimentation, you can choose the settings for any trading instrument.
Trade with the SFT Balance Line indicator
Configuration of the indicators
- Balance line period — indicator calculation period;
When the indicator reaches levels 1, 2 or 3 you can consider going short To sell or pose positions (for options);
When the indicator reaches levels -1, -2 or -3 can be considered open long buy or Named positions (for options);
The direction of the trade must match the direction of the trend in the higher time frame.
The direction of the open bids should correspond to the direction of the trend in a higher timeframe.
If you are trading M1 or M5, you should focus on M30 and H1.
When trading on M15, M30 and H1, we focus on H4, D1 and W1 respectively.
The trade is exited when the indicator crosses the zero level.
You can also exit to established orders SL and TP.
When using SL and TP, it is desirable to set the SL for the nearest end and make the TP equal to 1 to 2 SL sizes.
This indicator is proven when used in conjunction with free SFT Bullet arrow indicator.
Try our other indicators,
among which there are completely free ones, as well as paid ones, but with the possibility of a free self-test.
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