8# Fx Mastery: Your Path to Forex Success
Submit by Dimitri 05/2024
The Fx Mastery system utilizes four indicators and an Expert Advisor (EA) to manage positions effectively. The system includes:
Buy/Sell Indicator: The primary signal indicator, represented by blue and white diamonds, which serves as market entry points.
Trend Filter: The main filter to determine the prevailing trend direction.
Daily Range: An auxiliary filter for more precise entries, considering the remaining daily range (detailed in the manual).
Trading Assistant: A supportive EA that simplifies trading. It can be used independently with any manual trading system or standalone indicator.
Trading Rules
Buy Signal:
A blue diamond appears on the chart.
The Trend Filter confirms an uptrend.
If the Daily Range Today is significantly less than the average, the signal is stronger.
Sell Signal:
A white diamond appears on the chart.
The Trend Filter confirms a downtrend.
If the Daily Range Today is significantly less than the average, the signal is stronger.
Trade Management
Take Profit: Varies based on the traded pair and timeframe. You can also close a trade when:
An opposite signal appears.
At the nearest support/resistance level.
At round numbers, etc.
Stop Loss: A few pips above/below the nearest local high/low, as illustrated in the screenshots above.
Trading Modes
The system offers three trading modes with varying risk levels:
FXMastery1: Highest risk with the most trading signals, ideal for scalping.
FXMastery2: A balanced mode with moderate risk and well-balanced signals.
FXMastery3: Fewer trading signals with the highest accuracy.
The 5 minute standard deviation scalping Trading System
Standard deviation scalping
Submit by ForexStrategiesresources
This Trading System is only for ECN Brokers Accounts
Pairs:Majors
Time frame: 5M.
Spread max:0,0001.
Rules for "Standard deviation scalping".
Setup: On 5-minute bar chart, impose a 10-bar moving average. From this moving average, expand an upper and lower band exactly1 standard deviation from it.
Entry: In an up trend, we are looking only to buy the dip that penetrates the LOWER band, provided the slope of the bands are still up. In downtrends, we look to sell the rally that penetrates the UPPER band, provided the bands are sloping downwards.
Profit Exit: Close out for profit on a 8-pips gain or it the price touches the other band,whichever is sooner.
Stop Loss: Take a 7-pips stop loss or exit at market if the slope of the bands changes after entry.
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