The SD Trading System is a system used for scalping and it was designed and submitted by Zeno and it is free to download.
This system is mainly for trading the major currencies like the EUR/USD, GBP/USD, CAD/USD, and so on. The traders should ensure that they use a timeframe lesser than the five minute timeframe. Also while choosing the majors to trade, try and choose the pairs that have a spread of less than 25 points.
This system emplys the use of several indicators namely:
- The Hama Indicator
- The Candle indicator
- The MacdOsama indicator
- The Moving Average indicator
- SD Alarm indicator
Fig.the template of the SD Trading System
The main indicator that this scalpping system is based on is the Hama indicator. This indicator draws blue and red bars directly on the forex price chart. It gives a series of blue bars to denote bullish pressure or up trending and while a succession of red bars to represent bearish pressure or presence of a down trending. The indicator can be used on any currency pair and time frame.
When and what type of trade to open
- Entering a long or buy position on SD Trading System
You are only supposed to open a buy order when the Hama bars turn to blue and the candle indicator becomes green. Also the MACD indicator should be above the zero level. The Hama indicator should also be greeter or above the Moving Average indicator.
If making profits, the order should be closed 15 pips above the entry point or when the daily Fibonacci level is hit. As a trader you should be disciplined enough to close the trade at this level since failure to do so may lead to a loss due to reverse in trend.
However, if the opened trade begins by making a loss give it 5 minutes since you are using the 5M timeframe and if it persist to make a loss you close it. Also you may decide to close the trade when it goes 10 pips below the level the order was opened.
- Entering a short or sell position on SD Trading System
You are only supposed to open a sell order when the Hama bars turn to red and the candle indicator becomes purple. Also the MACD indicator should be below the zero level. The Hama indicator should also be lesser or above the Moving Average indicator.
When making profits, the sell order should be closed 15 pips below the entry point or when the daily Fibonacci level is reached. As a trader you should be well-organized enough to close the trade at this level since failure to do so may lead to a loss due to reverse in trend.
However, if the opened trade begins by making a loss give it 5 minutes since you are using the 5M timeframe and if it persist to make a loss you close it. Also you may decide to close the trade when it has moved 10 to 15 pips above the level the order was opened.
Fig. when to open and close trades
Open demo account to test this system.
Download Free SD Trading System
Give me the manual instruction on how to attached it
Try to follow this video guide: https://www.youtube.com/watch?v=bATN4WRkfwk
This guide should load all indicators correctly.
New MT4 600+ built installation guide
Open MT4 platform. Click: File/Open Data Folder. Inside click:
MQL4/Indicators – and paste all system indicators. Do same with
template at File/Open Data Folder/templates.
After finished restart you MT4 platform for changes to apply.