FOREX MT4 Strategy

The Metatrader 4 trading platform is probably the most used application by scalpers to trade on the Forex market and other instruments such as Contracts for Difference and even precious metals (spot gold and silver). They are currently used by thousands of traders worldwide and dozens of brokers as the main trading platform.

Metatrader has many advantages, including advanced price charting and dozens of built-in technical indicators. It also incorporates a proprietary programming language called MQL, which allows custom technical indicators of its own or based on pre-existing indicators. The variety of the trader programmer limits the variety of technical indicators that can be created. In turn, these custom indicators can be used to develop completely customized and unique trading systems, totally different from systems developed based on traditional indicators.

The number and variety of strategies based on custom indicators are enormous. They offer novel opportunities to trade the market according to the vision of the trader who developed them. Some of these systems are quite good because they use unique indicators that analyze the market in their way, different from the methodology on which traditional indicators are based. Because of this, systems developed based on custom indicators and tips can offer unique opportunities to the traders who use them that are not provided by traditional systems. For example, custom indicators are completely new or combine one or more indicators (two moving averages, two oscillators, etc.).

Since the included trading systems are based on indicators developed with the MQL language, they can only be used on Metatrader platforms.

These are some of the Metatrader 4 strategies that every Forex trader should know:

  • BB Wave trading system
  • Nihilist trading system "Holy Grail."
  • Nihilist trading system
  • SRS Premium trading system
  • MT4 Custom Indicator-Based Breakout System
  • Trading system for MT4 based on Kagi charts
  • COG Stochastic and FXTrend trading system
  • 4-hour charting strategy based on the CCI
  • Genesis trading system
  • Renko trading strategy

These trading strategies are widely used by beginners and experts alike because they are tried and tested and have relatively predictable performance. 

However, that does not mean that it is easy to start using these strategies without mastering the basics of Forex, trading, and Metatrader 4. If you want to get the most out of any strategy, the first thing you need to do is to master the basics.

That is why most people who start in the world of trading begin by taking an introductory course that allows them to know the context in which they are going to develop. is the best way to get off to a good start in Forex.

Finding a course that covers the basics and allows you to understand how those concepts are applied in more advanced strategies should be at the top of your to-do list if you want to become a Forex trader.

If you want to know more about strategies like one-minute scalping or more details about Forex day trading in Miami, go to our website and sign up for our course now: https://www.trendtrading.academy/purchase-basic-membership. 

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