STRATEGY NAME – Pip Predator Trend Reversal Strategy
CHARTING PLATFORM – MT4
FOR USE ON – Forex
FILE PACK TO DOWNLOAD – Click Here
EXPERT ADVISOR FOR THIS STRATEGY? – No
Yet another winning Forex strategy from Sapphire member Lee Starks! The Pip Predator is a new trend reversal strategy which is also based on the Semafor indicating that a price reversal is forthcoming. Due to the repainting of the Semafor additional indicators are used for added confirmation of a viable trade set up. The Pip predator offers multiple additional indicators giving a strong visual for a BUY/SELL.
INDICATORS –
Semafor sun
Heiken Ashi candles
20 Day Simple Moving Average
15 Day Hull Moving Average
200 Day Hull Moving Average
Slick Trade Follow The Trend
Trend Strength
Trend Signal
MACD two lines change Color
RSI
RULES –
Use H4 or H1 timeframe, and also check M30 timeframes to confirm the trend when entering a trade.
Use H1 if you are watching the charts and you may prefer to use H4 for overnight trades.
After Semafor sun appears, you are looking for the following confirming indicators.
The more indicators you have lining up, the stronger the signal.
Note: Although there is currently no EA, you will receive various alerts with the individual indicators for this setup. Always check the charts to get the overall picture.
FOR A BUY
– Semafor Sun at base of chart
– 15 HMA Color change from red to white.
– Heiken Ashi candle Color change from red to white.
– Trend Signal (white arrow)
– Trend strength indicator confirming a strong buy (high green)
– Follow The Trend (green, blue or pink ‘open arrows’)
– MACD crossover alert (small green arrow)
– Crossing of 15 HMA and 20 SMA
– 200 HMA Color change from dark brown to light brown.
– RSI and MACD lines cross
– Also look for the RSI re-entering the 30 line
FOR A SELL
– Semafor Sun at top of chart.
– 15 HMA Color change from white to red.
– Heiken Ashi candle Color change from white to red.
– Trend Signal (red arrow).
– Trend strength indicator confirming a strong sell (high red)
– Follow The Trend (green, blue or pink ‘open arrows’)
– MACD crossover alert (small green arrow)
– Crossing of 15 HMA and 20 SMA
– 200 HMA Color change from light brown to dark brown.
– RSI and MACD lines cross
– Also look for RSI re-entering the 70 line
ADDITIONAL NOTES.
1. Watch for the hull moving averages to change Color, indicating the trend changed direction. This is when to prepare for new trades in that direction.
2. After the Semafor, wait for the second Heiken Ashi candle in the opposing Color for more certainty of the new trend.
2. The best trigger to set off an alert or trade is when the 15 HMA (red/white) crosses the 20 SMA (yellow)
3. The best MACD alert would be when that Magenta RSI crosses the Gold MACD MA
TRADING TIMES
Lee is trading this strategy during the following times and consistently gaining a substantial number of pips a day. By all means try other trading times and please share your observations in the chat.
05.00-10.00 Eastern
19.00-21.00 Eastern check for overnight trades setting up and wake up to pips and profit in the morning!
VIDEO – http://screencast.com/t/BdQdqP3UraW
http://screencast.com/t/KPoJH8LQjcS
SCREENSHOTS –
