MTF Supertrend trading process is a pure vogue following method, It’s a combo approach in response to Supertrend indicator and exponential shifting average 5 period.
This template is setting for 15 min time frame.
Forex pairs: majors, EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CAD, USD/JPY, GBP/JPY.
Metatrader symptoms setting:
Supertrend clear (is required for MTF Supertrend);
MTF Supertrend (TF 60, CCI 60, ATR -1);
UP Down Indicator (HL 4 this is expense motion indicator and repaint);
Exponential transferring common 5 duration (median cost).
Guidelines for MTF Supertrend buying and selling Method
SuperTrend MTF in sub window line color inexperienced;
SuperTrend clear on the chart line colour green;
up down indicator dot colour green;
If these conditions are agree long entry position when the cost retraces on 5EMA.
SuperTrend MTF in sub window line shade pink;
SuperTrend clear on the chart line colour crimson;
up down indicator dot color pink;
In case these conditions are agree brief entry place when the fee retraces on 5EMA.
The same stipulations but use Supertrend on chart, UP down and 5 Ema.
Preliminary stop loss on the previous excessive/low swing.
Profit Target 20-30 pips or make profit on the pivot features degree.
Within the picture MTFSupertrend in action.