SSL Stalin Forex Trading Strategy

The forex market they say never sleeps and traders are always on the lookout for opportunities to make the best buy and sell trades.

The SSL Stalin forex trading strategy is designed to deliver accurate buy/sell signals that are evidently every trader’s delight.

Chart Setup

MetaTrader4 Indicators: SSL_fast_sBar_mtf.ex4 (default setting), Stalin.ex4 (default setting)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, Day

Recommended Trading Sessions: Any

Currency Pairs: Any pair with max. spread 6 pips.

Download

Download the SSL Stalin Forex Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy order if the following indicator or chart patterns get displayed:

  1. If the light sky blue upward pointing arrow of the Stalin custom indicator aligns below price bars as shown on Fig. 1.0, price is said to be pushed higher i.e. a signal to buy the instrument of interest.
  2. If the dodger blue bars of the SSL_fast_sBar_mtf.ex4 custom mt4 indicator form at the bottom of the indicator window as illustrated on Fig. 1.0, the market sentiment is said to be bullish i.e. a signal to buy the currency pair of interest.

Stop Loss for Buy Entry: Place stop loss 2 pips below immediate support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions hold sway in the market:

  1. If the prevalent trend in the market is bullish and a light pink downward pointing arrow of the Stalin indicator forms on the activity chart, it is a signal for possible price reversal, as such an exit or take profit is recommended.
  2. If an orange red bar is seen at the base of the SSL_fast_sBar_mtf.ex4custom indicator window during a long position, it is a signal that bulls are exiting the market, hence an exit or take profit is advised.

Sell Entry Rules

Enter a sell in the market if the following chart or indicator pattern gets displayed:

  1. If the light pink downward pointing arrow of the Stalin custom indicator aligns above the candlesticks as depicted on Fig. 1.1, price is said to be pressured lower i.e. a signal to sell the currency pair of interest.
  2. If the orange red bars of the SSL_fast_sBar_mtf.ex4 custom mt4 indicator form at the base of the indicator window as shown on Fig. 1.1, the market sentiment is said to be bearish i.e. a signal to sell the asset of interest.

Stop Loss for Sell Entry: Place stop loss 2 pips above immediate resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following rules of conditions take precedence in the market:

  1. If during a bearish trend the Stalin custom indicator forms a light sky blue upward pointing arrow aligned below the candlestick, bearish sentiment is halting i.e. a trigger to exit or take profit without delay.
  2. If dodger blue bars are seen at the bottom of the SSL_fast_sBar_mtf.ex4 custom indicator window during bearish trend, it is a signal to exit or take profit straight away.

Sell Trade Example

Fig. 1.1

Free Download

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About The Trading Indicators

The Stalin custom mt4 indicator generates its buy/sell signal based on the intersection of two moving average.

The SSL_fast_sBar_mtf.ex4 is an interesting custom mt4 indicator that displays orange red (sell signal) and dodger blue (buy signal) bar within its indicator window.

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