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SCALPING & SWING TRADING (Multi Time Frame Trading Strategy)


Multi Time Frame Trading Strategy – This is a very simple yet profitable Price Action strategy for every trader. If you want to trade like a professional trader, you’ll have to understand price action context across multiple time frames.

 

  1. Look at the monthly time frame chart if you are looking at several years+ worth of price action, and want to hold trades for about a year or more, (often called ‘position trading‘).
  2. Look at the weekly time frame chart if you are looking at just a few years worth of price action, and want to hold trades for several months at a time, perhaps close to a year.
  3. Look at the daily time frame chart if you are looking to do ‘swing trading’, and want to hold your trades for a couple days, up to a few months, or (perhaps quarter)
  4. Look at the 4hr time frame chart if you are looking to do swing trading, and want to hold your trades for a couple days up to a few weeks, or (perhaps a month)
How to install “MTF Price Action System
  • Download “TraderVersity-MTFpriceaction” (Zip/RAR File).
  • Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
  • Copy the “TraderVersity-MTFpriceaction.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-MTFpriceaction” trading system and strategy.
  • You will see “TraderVersity-MTFpriceaction” trading system is available on your Chart.

 

SELL Rules

  • Daily TF Chart: Down trend
  • 4-Hour TF Chart: Down trend
  • 15-Minute TF Chart: Down trend

Stop Loss Strategy


  • The stop loss is placed just above the top of the consolidation from which you are entering the short from.

 

BUY Rules

  • Daily TF Chart: Up trend
  • 4-Hour TF Chart: Up trend
  • 15-Minute TF Chart: Up trend

Stop Loss Strategy

  • The stop loss is placed just below the low of the consolidation from which you are entering the short from.

 

Trading NOTES
  • Remember, Price Action as a ‘skill‘ can be used on any instrument, time frame or environment.
  • If what you’re learning only works on specific time frames, then it’s not a real skill of price action trading. Just like good footwork in basketball works in high school, college or pro, from offense to defense, it works in all aspects of the game because it’s a ‘core skill’. The same goes for trading price action.

DOWNLOAD TRADING SYSTEM

Best CCI Scalping & Day Trading Strategy – Using the CCI as a trend indicator is ideal when combined with other trend indicators such as moving averages. This can help you to pick bottoms in a rally or tops in a decline. In other words, using the CCI as a trend indicator, you can time your entries within a trend.

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