201# One Day, Big Play: Intraday Market Tactics

Submit by Maximo Trader 2024

Trading Strategy Overview:
This is a structured intraday trading strategy designed to capitalize on directional movements within the market. It employs a combination of technical indicators to filter signals and determine entry and exit points. The strategy is executed on shorter timeframes (5, 15, and 30 minutes) using the MetaTrader platform.

Indicators Used:

Directional Arrow
- Indicates potential buy/sell opportunities based on directional trends.
Momentum Filter (34 Period)
- Red line below the chart confirms momentum in the trade direction.
Zig Zag Arrow
- Highlights significant market swings and assists in identifying stop-loss levels.
Pivot Points (Daily)
- Used to set profit targets, focusing on key support and resistance levels.

One Day, Big Play: Intraday Market Tactics

BUY Setup

Conditions for Entry:
- A buy arrow appears on the main chart.
- The momentum filter confirms an upward trend (red line below the chart).
Stop Loss:
- Place the stop-loss level at the previous swing low (determined by the Zig Zag indicator).
Profit Target:

Set the target 2 pips before the nearest pivot point level or ratio stop loss 1:1.2.

SELL Setup

Conditions for Entry:
- A sell arrow appears on the main chart.
- The momentum filter confirms a downward trend (red line below the chart).
Stop Loss:
- Place the stop-loss level at the previous swing high (determined by the Zig Zag indicator).
Profit Target:
- Set the target 2 pips before the nearest pivot point level or ratio stop loss 1:1.2.

Example Workflow:

Load the indicators in MetaTrader:
- Directional Arrow
- Momentum Filter (34-period)
- Zig Zag Arrow
- Daily Pivot Points
Monitor the selected timeframes (5 min, 15 min, 30 min) for potential trade setups.
Validate the trade based on the rules:
- Directional arrow signal.
- Momentum filter alignment.
Enter the trade and set stop-loss and take-profit levels.
Manage trades actively, exiting if conditions reverse before hitting stop-loss or take-profit.