Dark Forex Strategy – Before we start remember that no matter what you are trading, what your strategy is, you have to follow three important rules in order to make profit. Do not use high leverage. Risk and money management are important part of trading. One more important thing; never get motioned from other trader’s calls, only trade what you triggered by yourself, it is the only way to learn mastering your system and be successful.
Open EUR/USD, GBP/USD, USD/CHF or any other major pair that you want to trade. Set chart time frame to 15mins and apply the template (you can download it at the bottom). Take a look at Manual Dark Strategy:
The right side of the chart is not a part of this trading system, however it is very useful because it will remind you economic news releases, session open and close times. It’s “! IN10TION NewsReader v09.99k lite.ex4” (Read more about IN10TION NewsReader indicator) MetaTrader Indicators (you will download it later) etc.
Now let me explain you Manual Dark Strategy, it is very simple. Examine the chart below please:
Chart Explained
1. This is non-lag ma indicator which is a part of this trading system so pay attention when it changes color.
2 This line shows daily open value.
3. SSL bar which detects trend on larger time frame.
Manual Dark Strategy Trading rules:
Trade only between 06:00 GMT and 21:00 GMT. Ignore the signals generated after these hours.
- Go long (buy) when both non-lag ma (1) and SSL bar (3) are green.
- Go short (sell) when both non-lag ma (1) and SSL bar (3) are red.
Take profit: 60 pips
Stop-loss: 30 pips
The first area shows a “sell” signal. Non-lag ma turns to red color when SSL bar is red.
The second box shows a “buy” signal. As you can see non-lag ma turned to green earlier (and SSL bar is green as well), but we did not open a position at that time because our first rule is to trade between 06:00 GMT and 21:00 GMT.
Download Dark Forex Strategy Indicators and Templates
Download Include:
- manual-dark.tpl
- ! IN10TION NewsReader v09.99k lite.ex4
- NonLagMA_v7.1_EmailAlert
- SSL_fast_sBar_alert_mtf
- StepStopExpert_v1.1
You will get alerts by Dark Forex Strategy but take care about other info from chart before you open position.
Update for Pierre (comments) – 09/23/2013
SSL send alert M240 as you can see on SSL properties that is H4 time frame, you always need to read for which time frame are you get alert. Because you can look at M5 chart and get alert for H1 time frame.
i use on a demo,but something i dont understand ,the SSL indicator give an alert signal (trend changing ) only 5 candle after the color change on the SSL.Thanks to answer
Hello Pierre,
When SSL sends you alert you need to check for which time frame are you get alert.
Example if you looking at M5 chart, SSL detect possible trade on H4, in this case SSL will send you alert for H4 even if you looking at M5 chart.
All you need to do is read for what time frame are you receive alert. I update strategy and add one more image and simple explanation so you can understand what is going on.
Please let me know if you have more questions. Regards!
you mean i must use same time frame for both indicator
All you need is to check your alert box to see for which time frame are you get signal. Indicators sends you signals for all time frames no what is your current one. I hope you follow me.
if i use 1 hour time frame.What about take profit and stop loss.Same as 15 min 60 pips for TP and 30 for SL or must be greater like 80 and 40.Thanks
It’s hart to tell, you can try with “Fibo Static” (red lines on chart), those levels should be fine support and resistance area.
Hi Dave,
While looking at 15m chart we need 16 SSL bars to confirm its color otherwise it changes color before the 4h candle is closed. Therefore Can you please advise what is the best time to enter a trade?
Thanks for your reply.
Dan.
I really don’t understand the problem, if you check at SSL Bar indicator it’s optimized for H4 time frame by default, if you want to trade on M15 you need to change properties for SSL Bar to get results for M15 time frame.
In case that you do all that you can’t expect ideal condition such as consolidation all indicators at the time.
If you ask me how would I trade this strategy, I would do some changes:
1. Wait for trend
2. Delete NonLag MA
3. Use daily line as support and resistance (depending of current trend)
4. I would wait for trend and open position after corrections.
5. I would check SS Bar during the trade so I can see am I on right track.
Which time frame are you using depends what is your trading style, smaller time frames are great for entry points, but you need to check bigger picture as well.
It’s really hard to write all rules and explain everything in details, I would need day or two to write everything.
Thanks
Hi,
Specs. indicate ex4 files for download, how ever I only download RAR file. How can I download your indicator / template for mt4 / ex4 format
I look forward to your reply
Best regards
George
Just extract files using winrar or winzip and you will get all files, it’s easy.
Thank you
Hi Guys – I’m getting a problem with ! IN10TION NewsReader v09.99k lite.ex4
I keep receiving an error being returned saying that the city could not be found. the alert is then popping up on a recurring basis almost in loop so I am not seeing all the news data etc…only thing I’m seeing is clocks, currency strength indicator, asset price and time in GMT…can anyone advise?
Same problem as Leonidas. Is it possible because of mt4 600 version indicators are not working properly??
Hello Dave,
my chart set-up seems incomplete. can’t see the ssl_fast_sbar_alert and the stepstopexpert.
i extracted all to my data folder…
can you help?
There is possibility that some of indicators can’t to load proper on newest MetaTrader 4 station.