SYNERGY Trading Method
It combines the market forces of Price Action, Trend, Momentum and Market Strength to produce higher probability trades.
With Synergy, traders identify and use two important trading components in real-time: Price Action and Sentiment.
To setup this strategy, please unzip Synergy.zip and copy all indicators into \experts\indicators\ in your metatrader directory.
Then copy the template into \templates in your metatrader directory.
After restarting metatrader and choosing the template you can see arrows and crosses which shows entries and exits according the trading method. Each cross displays a number which means the profit or loss of the closed trade. The yellow numbers at the end of the chart displays the overall result when every signal was traded.
the some options of SynergyInd indicator can be adjusted:
UseEntry68_32: When this is true, the indicator enters a long position even when RSI is above 68 or a short position when RSI is below 32.
UseSmallerExit: When this is true, the system closes a position when the actuall candle is smaller than the previsous candle. "DefineSmaller" needs to be a value.
ReqRedYellowCombo: When this is true, the TSL must be above the MBL before entering a long position or the TSL must be below the MBL before entering a short position.
UseVolExpanding: If this is true, positions are only opened when volatility increases (measured by the Bollinger Bands of the TDI).
UseChaikin: If this is true, positions are only opened when colatility increases (measured by the Chaikin's Volatility indicator).
Use4Trend: If this is true, long positions will only be opned when the 4H trend is up and short positions will only be opened when the 4H trend is down.
Use Alert: ... I think everybody knows this feature.
So far the following settings seem to work most suitable: UseEntry68_32 false, UseSmallerExit false, ReqRedYellowCombo false, UseVolExpanding true, UseChaikin false, Use4Trend false.
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