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High accuracy “Waddah Attar Linear Regression Forex Trading Strategy” – This is a fairly new trading system which can be used for scalping the small timeframes.
- Time Frame: M5 or higher
- Currency Pairs: Any
- Waddah Attar Explosion
- Waddah Attar Trend
- Linear Regression
- Williams’ Percent Range
Waddah Attar Explosion indicator is the core the trading system It can work alone but it not advised to use it as such as there are instances where the signal lags or fails. So use this indicator along with your other indicators and use a trailing stop to catch some profits.
If you are using it on small timeframes, make sure you take your trade to breakeven as soon as possible.
- Download TraderVersity.Com-WaddahAttarLinearRegession (Zip File)
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators /
- Copy the “TraderVersity.Com-WaddahAttarLinearRegession.tpl” file (template) to your Metatrader Directory …/templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex system
- Right-click on your trading chart and hover on “Template”
- Move right to select TraderVersity.Com-WaddahAttarLinearRegession
- You will see “Waddah Attar Linear Regression Forex Trading System” is available on your Chart
- Waddah Attar Explosion: Green histogram
- Waddah Attar Trend: Green histogram
- Linear Regression: Green lines
- Williams’ Percent Range: Upward and above level 45
- Waddah Attar Explosion: Red histogram
- Waddah Attar Trend: Red histogram
- Linear Regression: Red lines
- Williams’ Percent Range: Downward and below level -55
This “Waddah Attar Linear Regression Forex Trading Strategy” is a good strategy, but however, don’t fall for greed.
Never fall under the trap of greed. “Greed is not a financial issue. It’s a heart issue in actual“. If you do so, soon you will end up with the huge loss.
A successful Intraday trader primarily focuses on managing risk rather than on greed to earn more profit. The risk is what you can control, not return.
To become successful in Intraday trading focus on your trading position and should limit strict stop loss. They calculate proper stop loss that helps them to get the right exit point when the trend reverses.