OMA Channel Scalping Strategy is a NON-Repaint(Arrows) indicator system that gives easy-to-use buy/sell signals. This set-up will best suit Scalpers. This trading system is based on OMA Channel and price action. This is a high-frequency trading strategy.
The main driving force behind the OMA channel scalping Indicator system comes from the two indicators in the sub-windows. In the first sub-window, we have the trend strength channel indicator. Here, you basically have two lines that apparently move within a channel and are expected to show you how the market is shifting. However, the choice of the visual depiction of this indicator makes it quite confusing.
In the second sub-window, we have the TWS – TDI PRO indicator. Here, we have basically 3 lines that behave like a moving average and can signal the uptrend and downtrend in the markets. Given the fact that trading decisions are driven only by the indicators in both the sub-windows, this can be quite a bit of a task or a challenge as well.
OMA Channel indicator system can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.
You can set the OMA Channel Strategy to send you a signal alert via Mobile Notification, or platform pop-ups. This is helpful as it means you do not need to stare at the charts all day waiting for signals to appear, and you can monitor multiple charts all at once.
OMA Channel Scalping Strategy can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minutes through to the 1-Hour charts. It works best on M1 or M5 timeframes.
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OMA Channel Scalping Strategy Trading rules
For Scalping, it works great on M1 or M5 timeframes. But you can use it on any. We also recommend altering(adding or removing) indicators to your need and experimenting with new strategies.
Buy
- The price at the level of Murray or the level of the indicator ADR (bounced)
- Wait that Its the form of a yellow rectangle (TTM Scalper)
- TrendStrength indicator OMA Channel painted a green or blue arrow.
- Heiken Ashi became white
- PA Dynamic became green
- The green TDI line crossed red from the bottom up and they are under the yellow (ideally near the blue channel).
Sell
- The price at the level of Murray or the level of the indicator ADR (bounced)
- Wait that Its forms of a green rectangle (TTM Scalper)
- TrendStrength indicator OMA Channel painted a red or purple arrow.
- Heiken ashi became red
- PA Dynamic turned red
- The green TDI line crossed red from top to bottom and they are above the yellow (ideally near the blue channel).
Stoploss and TakeProfit
- Goals we take from 5 points and above.
- Initial stop loss at the previous swing high/low
Thanks. I will try this.
Thank you Admin it looks good.