Overview and Summary: Scalping with Spike Detector and TMA Band

Strategy Purpose:

• Designed for scalping by capturing fast movements at higher time frames, including daily.
• Utilizes triple confirmation for robust signals.
• Features two models: one for trading with the Spike Detector and another with the TMA bands.
• Suitable for both trend and counter-trend trading, with a recommendation to start with trend trading.
• Can also be used for binary options trading.

Setup:

• Time Frame: 30 minutes or higher.
• Currency Pairs: Volatile pairs such as Gold, Nasdaq, BTCUSD, GBPUSD, GBPJPY, AUDUSD, NZDUSD, CADJPY, USDJPY, AUDJPY.
• Platform: MetaTrader 5

MetaTrader 5 Indicators:

• Fischer (period 10)
• TMA Band (12, 100, 1.8, 4)
• Spike Detector (default setting)
• Accelerator (default setting)
• Half Trend New Release (amplitude 20)

Trading Rules:

First Template: Trading with Spike Detector

Buy:

• Half Trend blue line appears.
• Buy arrow from Spike Detector.
• Fisher indicator (Sparta Spears) shows a green bar.
• Accelerator shows a green bar.

Sell:

• Half Trend red line appears.
• Sell arrow from TMA or Spike Detector.
• Fisher indicator (Sparta Spears) shows a red bar.
• Accelerator shows a red bar.

Aggressive Entry:

• Enter at the breaking of the relative minimum or maximum with the Spike Detector.

By following these rules, traders can leverage the Spike Detector and TMA Band indicators to capture quick market movements, ensuring a higher probability of successful trades through robust signal confirmations.