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Math Trader and FTV Signal trading strategy

November 19, 2015 by Dominic Walsh Leave a Comment

Math Trader and FTV Signal trading strategy  is a trend following trading strategy that is based on the MatTrader 7 Legacy volume or spreads bars.

The trading system is designed for use on timeframes of 15 minutes and above. It is also a strategy that can be used to trade any of the currency pairs. It has no restrictions as to which currency pair you should use to trade with this trading strategy. It is a very robust trading strategy. Its profit margin is above average and it is a trading system that is recommendable even to those who are newbies in Forex.

The Math Trader and FTV Signal is based on the use of several indicators which are:

  • Zig Zagger (212).
  • Zig Zag V.2 (60, 12).
  • MathTrader7 Legacy volume/spreads (13, 5, 3) mode leg volume.
  • MathTrader7 Legacy volume/spreads (13, 5, 3) mode leg volume per bars.
  • MathTrader7 Legacy volume/spreads (13, 5, 3) mode leg volume per spread.
  • FVT Signal indicator.

Math Trader and FTV Signal trading strategy

Fig.1. The Math Trader and FTV Signal trading strategy.

The MathTrader7 Legacy indicator is used specifically for showing the volume of the bullish and bearish market price trends based on zig zag indicator. The MathTrader7_LegVolume indicators are all displayed in separate charts below the main trading chart. The FVT signal indicator is a trend momentum indicator and it is use for confirmation purposes; it aids remove noise in the signal.

The Math Trader and FTV Signal comes with two templates; the mathTrader7_LegVolume+.tpl and the MathTrader7_LegVolume+lux.tpl. The mathTrader7_LegVolume+.tpl uses only the Zig Zagger (212), Zig Zag V.2 (60, 12) and the MathTrader7 Legacy volume/spreads (13, 5, and 3) mode leg volume indicators.  However, the MathTrader7_LegVolume+lux.tpluses all the indicators.  In this article, we shall concentrate on the later.

How to use the Math Trader and FVT Signal trading strategy

Buy orders:

The conditions for placing a buy order are a green histogram in all of the MathTrader7 Legacy volume/spreads (13, 5, 3) mode leg volume indicators’ charts that are below the main trading chart, generation of a blue BUY arrow and a confirmation by the FVT signal indicator if it generates green bars. Then there have to be a green UP TREND text on the top right corner.

Math Trader and FVT Signal trading strategy

Fig.2. Placing a buy using the Math Trader and FTV Signal trading strategy.

Sell Orders:

The conditions for placing a buy order are a red histogram in all of the MathTrader7 Legacy volume/spreads (13, 5, 3) mode leg volume indicators’ charts that are below the main trading chart, generation of a red SELL arrow and a confirmation by the FVT signal indicator if it generates red bars. Then there have to be a red DOWN TREND text on the top right corner.

Math Trader and FTV Signal trading strategy

Fig.3. Placing a sell using the Math Trader and FTV Signal trading strategy.

You should use stop levels to close your orders. The ration of the stop loss to take profit should be 1:1. This means if you place your stop loss at 30 pips, then the take profit has to be at 30 pips also. Alternatively, you can decide to incorporate support and resistance indicator and use those for the stop levels.

Open demo account to test this system.

Download Free Forex Math Trader and FTV Signal trading strategy

Download Math Trader and FTV Signal trading strategy

Filed Under: Free Metatrader Systems Tagged With: bar indicator

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