92# Bank Level with Super Trend Forex Strategy
Bank Level filter of the Trend
Price Action Trend Strategy
Submit by Dimitri
Bank Level with Super Trend Forex Strategy is a price action trend trading system for scalping and day trading accurate and conceptually very valid. The assumption on which it is based is that the Bank Levels are particular areas of support and resistance where the price when it reaches or breaks them has a very high probability of having a clear movement. Bank Level with Super Trend as mentioned is a strategy for intraday trading scalable to multiple levels of difficulty, in other words to learn the strategy we recommend a higher time frame (such as 30 minutes, which by the way is what we recommend for simplicity and for the fact that you can have excellent profitability immediately). When the strategy has been learned, it can be applied gradually up to 1 min time frame. It is emphasized that this is a professional trading system made with free indicators that allows you to face the market and win the challenge.
Setup Strategy
Time frame 1 min, 5 min, 15 min, 30 min. 30 minutes the best time frame for beginners.
Currency pairs: Majors, Minors, Indices and Commodities.
Metatrader 4 Indicators
Main chart
Buttons to change currency pairs
Brillant session levels
n-Bank Levels
Super Trend Averages period 3 deviation 3.
Super Trend Averages period 50 deviation 50.
5 day mod
Below the chart
Zero with OBV2 (39, 3)
Zero with all MACD (period 36) (optional)
Trading rules Bank Level with Super Trend Forex Strategy
Buy
Price bounces off the Bank Level Support
Super Trend Fast (3 period) green color line .
Super Trend Fast (50 period) green color line.
Zero with OBV2 (39, 3), gray bar
Sell
Price bounces off the Bank Level resistance.
Super Trend Fast (3 period) red color line Support
Super Trend Fast (50 period) red color line.
Zero with OBV2 (39, 3), red bar
Exit position
Place initial stop loss below/above the previous swing high/low.
Exit position when the slow supertrend changes direction or at the levels drawn on the chart.
Examples of trades
EURCAD 5 minutes
In the image there are two Sell trades below the Bank levels that respect the rules. There is a positive trade that is avoided by the rules.
EURUSD 5 Minutes
In the image above there are 4 winning traders it is clear that only the Bank levels are an excellent filter.
AUDJPY 5 minutes
This image above is also a great example of how bank levels filter price action well. There are five winning trades.
GBPCAD 5 minutes
4 trades all are positive also in this case the Bank levels help in making the right decision.
5 USDJPY 5 minutes
5 trades in gain again the Bank Levels prove to be an excellent weapon to face the market.
In conclusion, we have seen that bank levels are a tool that help to monitor price action well. And the supertrend proves that it is an excellent ally to be successful in trading.
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