Step Index

Step Index Strategies

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Published

2 years ago

September 9, 2020

fxkinfin

Step Index Scalper will assist Step Index traders on how to scalp quick profits when trading Step index. This strategy is a combination of three common Meta Trader 5 indicators. Basically, the indicators are Moving averages, Ichimoku Kinko Hyo, and MACD. The ideal time frame for this strategy is 15 mins time frame. (Please try this strategy on a demo account before going live). (Binary dot com also known as Deriv dot com is the only broker that has Step Index). Sign up via this link to open a Step Index trading account…

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How To Setup The Indicators

Ichimoku Kinko Hyo indicator and moving average are both installed on the main MT5 window with the following settings:

BeanFX Nasdaq 100 Index Scalper

When price crosses above the Blue and Red moving averages, and ticks higher forming new bullish candles, that is a BUY signal. Buy confirmation is when the Red and Blue moving averages cross above the Ichimoku Kinko Hyo. Alternatively, the Sell signal occurs when the price crosses below the Blue and Red moving averages, and ticks lower forming new bearish candles. Sell confirmation is when the Red and Blue moving averages cross below the Ichimoku Kinko Hyo. Indicator Window 1 MACD with moving average indicator is installed on Indicator Window 1 with the following settings:

Buy signa{“type”:”block”,”srcClientIds”:[“d1cab2bf-c05a-4bb5-a223-69838d74cd8b”],”srcRootClientId”:””}l occurs whenever the Red moving average line cross upon the zero MACD level. Sell signal occurs whenever the Red moving average line cross down on the zero MACD level.

Take Profit and Stop Loss Levels; When going long, place your take profit at the nearest resistance. Stop loss for your buy trade may be placed below the nearest support. For a short (sell) trade, the place takes profit at the nearest support. Stop loss for the sell trades may be above the nearest resistance. STEP INDEX 15 MINS TIME FRAME 05 APR 2020 17:15 GMT

AFTER

STEP INDEX 5 MINS TIME FRAME 11 APR 2020 14:15 GMT

Step Index

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Kingsley Francis is the founder and Partner at Fxkinfin Financial Advocates, owners of fxkinfin.com. He is a financial writer with extensive experience in print as well as online media.

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