194# Waddah Attar Explosion (mod) Intraday Strategy

Submit by Lorenz 2024

Waddah Attar Explosion (mod) Filtered Forex Strategy is a trend action strategy based on the WAE (mod) indicator, which generates buy and sell arrows on the main chart, filtered by additional trend indicators.

Setup Strategy

Time frame 5, 15, 30 min.

Currency pairs: Volatile.

Trading platform Metatrader 4.

Metatrader 4 indicators:

Wae Mod (default setting) draws buy and sell arrows on the main chart;

Hull Master on the main chart default setting but with 1 higher time frame for 30 min chart and 2 higher time frame for 5 and 15 min chart;

TrendlineXY (Up and Down indicator MT4) draws blue (up trend), white (down trend) and gray (neutral) hstograms below the chart;

Gann sq draws significant levels on the main chart that can be support and resistance levels or price targets.

Waddah Attar Explosion (mod) Intraday Strategy

Trading rules

Buy

WAE (mod) buy arrow o the main chart.

Hull Master dodger blue line.

TrendlineXY blue histogram below the chart.

Sell

WAE (mod) sell arrow o the main chart.

Hull Master dodger white line.

TrendlineXY whithe histogram below the chart.

Exit

Stop loss on the previous swing high/low.

Profit Target on the Gann sq levels or ratio stop loss 1:1.2-1:1.5.

General Notes:

Avoid taking trades when the TrendlineXY histogram is gray, as this indicates a lack of clear trend direction.
Consider higher timeframes for filtering market noise, especially during periods of low volatility.
Use proper money management techniques to ensure consistent profitability and minimize risks.
Test the strategy on a demo account or use backtesting to ensure it aligns with your trading style and objectives before deploying in a live market.

By following these steps, you can use the Waddah Attar Explosion (mod) Filtered Forex Strategy to trade with confidence in trending market conditions.