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Strategy New Features of Forex Trading for MT4

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In this article we will look at the new scalping strategy New Features of Forex Trading (NFOFT). This strategy is very popular and is discussed on many popular blogs and forums. Its rules are clear and without double digits. It was sold for money, but you can download it for free.

Features

  • Platform: MetaTrader4;
  • Trading pairs: any, we recommend the major;
  • Timeframe: M5 and higher;
  • Trading time: around the clock;
  • It is recommended to use ECN brokers with low spreads.

Indicators

    • Moving Average is a standard trend indicator for the MetaTrader 4 platform. This system uses the intersection of two moving averages with a period of 6, only one moving average has a shift to 1, and the other moving average has no shift. These parameters are chosen for scalping on M5, so you can optimize these parameters for yourself.
    • DED - the indicator is displayed as blue and yellow dots above and below the price. The indicator is author's, but I can tell at a glance that it is nothing more than a modification of the standard Parabolic indicator.
    • TES - indicator is located in the first additional window in the form of a histogram of blue and orange. The author of the strategy closed the settings of his indicator, so I can't say on what basis it was created. The system acts as a filter: blue bars - buy, orange - sell.
    • TTL - the indicator is in the second additional window and is displayed as a red and green histogram. The indicator acts as a filter and is based on the oscillator, most likely where you can specify the period and change the overbought and oversold (in this case 30 and 70). These parameters can be optimized for the trader himself.
      TTL is redrawn in this system. However, if you leave all parameters the same and only change the "Pri" parameter to "2" instead of the original "4", there will be less re-routing and you can get amazing results on hourly and four-hour charts. It is best to avoid using this system on smaller timeframes, such as 15 minutes or lower. For best results, use it only on 30M, 1H or 4H charts.

There is also an informer in the upper left corner, but its meaning is visually clear not to focus on it.

How to trade by strategy Features New Science of Forex Trading

The strategy includes a comparison of the trend with a larger timeframe, that is, if we work on M5, then the confirmation of the signal look at M15. We analyze the signals according to the following scheme:

 Timeframe for trading  Timeframe for filter
 M5 M15
 M15  M30
 M30  H1
 H1  D1
 D1  W1

Buy position opening

To enter a buy position, a number of the following conditions must be met simultaneously:

  1. Moving Average indicator with a period of 6 blue line crosses the Moving Average indicator of yellow color from bottom to top
  2. The point of the DED indicator should be blue
  3. TES indicator bar should be blue
  4. The bar graph of the TTL indicator is colored green

If all conditions are met, we go to M15 (if trading on M5) and look at the histograms of indicators TES and TTL, their bars should be colored blue and green. If the signal is confirmed, we open a buy trade:

new features of forex trading buy signal

Sell position opening

To enter a sell position, a number of the following conditions must be met simultaneously:

  1. Moving Average indicator with a period of 6 blue line crosses the Moving Average indicator of yellow color from top to bottom
  2. The DED point should be yellow
  3. TES indicator bar should be orange
  4. The bar of the TTL indicator histogram is colored red

If all conditions have been met, we go to H4 (if trading on H1) and look at the histograms of indicators TES and TTL, their bars should be colored orange and red. If the signal is confirmed, we open a sell trade:

new features of forex trading sell signal

Stop loss

Stop loss is set in the classic way - namely, on the local minimums and maximums or important support and resistance levels:

new features of forex trading buy stop

new science of forex trading sell stop

Exit position

The position is exited by the set take profit, which is equal to the stop loss. You can use an alternative method, for example, by the opposite signal.

Money Management

In trading, money management is responsible for stable growth of your deposit. The New Features of Forex Trading strategy is positioned as a scalping system, so it is highly recommended not to exceed 1% risk per position.

Conclusion

nfoft coclusion

In my opinion, the New Features of Forex Trading strategy has the right to exist. After all, we have two moving averages and two oscillators, which are created, most likely, on the basis of standard indicators. The strategy has a filter for higher timeframes, it helps not to miss and go against the trend (we are not talking about a global trend, but a micro-trend that is present in the moment, sometimes it is just a pullback). The parameters of the indicators are chosen wisely and all indicators look organically on the chart. In general, I recommend to test the strategy, it deserves attention.

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NFOFT

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2022-04-20
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