Bulls on WallStreet – 4 Day Trading Bootcamp with bonus MTF Supertrend

Metatrader indicators setting:

Supertrend clear (is required for MTF Supertrend);

MTF Supertrend (TF 60, CCI 60, ATR -1);

UP Down Indicator (HL 4 this is price action indicator and repaint);

Exponential moving average 5 period (median price).

Rules for MTF Supertrend trading System

Conservative

Buy Conditions:

SuperTrend MTF in sub window line color green;

SuperTrend clear on the chart line color green;

up down indicator dot color green;

If these conditions are agree long entry position when the price retraces on 5EMA.

Sell Conditions:

SuperTrend MTF in sub window line color purple;

SuperTrend clear on the chart line color red;

up down indicator dot color red;

If these conditions are agree short entry position when the price retraces on 5EMA.

Aggressive

The same conditions but use Supertrend on chart, UP down and 5 Ema.

Exit position

Initial stop loss on the previous high/low swing.

Profit Target 20-30 pips or make profit on the pivot points level.

In the picture MTFSupertrend in action.