176# Super Support and Resistance Trading

Submit by Leandro 13/01/2016

Super Support and Resistance trading is a strategy very fast  designated for high frequency traders.

This is a trend momentum system but there are also dynamic and static line of support/resistance.

Time frame 1 min, for scalping intraday 5 min or 15 min.

Expiry time for binary options high/low 3 candles.

Financial market any.

Metatrader Indicators

main chart

XS time frame 5 min,

XS time frame 15 min,

XS time frame 60 min,

XS time frame 240 min,

exponential moving average 60, close,

exponential moving average 200, close.

RS Dwm,

All pivots v. 4 buil 600,

Axel levels,

Zone Tf 5,

Zone Tf 1,

Dynamic support and resistance:

Bands (2. 0 - 20),

Bands (2. 5 – 20),

Bands (3.0 – 20),

Bands (3. 5 – 20),

GSP ( alias Zig Zag pointer)

Kanal

In first Sub window

Similar FX Mnt

Commodity channel index ( 8 period, close),

RSI (8),

RSX-coron forex ( predictor indicator),

CCI (2),

On Balance volume,

CCI (100),

In second subwindow

Vertex indicator.

Trading rules Super Support and Resistance Trading

The purpose of this template is to filter the signals of the probabilistic vertex indicator.

The signals can be filtered with support and resistance static and dynamic momentum indicators with or with both approaches.

They are taken as valid signals vertex only at certain levels of support and resistance, and are confirmed when momentum indicators short cross indicator of momentum slow.

Buy

RSX (2), ICC (2)> OBV and CCI (100),

Sell

RSX (2), ICC (2) <OBV and CCI (100),

Make profit at first support and resistance.

Initial stop loss 10-14 pips on the 1 min time frame, 15- 18 pips on the 5 min time frame.

In the pictures Super Support and Resistance Trading in action.

Share your opinion, can help everyone to understand the forex strategy

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