Scalping US30 on Mobile MT4 settings — Transcript

Full transcript

1. 0:00so every single day trader has the dream
2. 0:02of just
3. 0:03sitting at home relaxing getting on your
4. 0:06phone and making millions of dollars a
5. 0:07day
6. 0:08so in this video i'm going to show you
7. 0:10how to set up mt4
8. 0:11on your phone for my scalping strategy
9. 0:14so that you can just sit at home relax
10. 0:16and day trade
11. 0:18[Music]
12. 0:20welcome back everybody my name is artie
13. 0:22and this is the moving average
14. 0:24a show where we discuss everything day
15. 0:26trading to keep you profitable on a
16. 0:27consistent basis
17. 0:29and if you haven't noticed the change of
18. 0:30scenery we're doing a special edition
19. 0:32episode from home
20. 0:34to teach you guys how to trade only on
21. 0:36your phone setting up my scalping
22. 0:38strategy on mt4
23. 0:40so without further ado let's kick back
24. 0:42relax
25. 0:43and help you with some settings okay so
26. 0:45what i want you to keep in mind right
27. 0:47now
28. 0:47look at my mt4 these are the currency
29. 0:50pairs that i trade i trade ethereum i
30. 0:52trade us 30
31. 0:53and i trade australian dollar us dollar
32. 0:56i don't have 97 different pairs in my
33. 0:58watch list
34. 0:59because that's just too much to look at
35. 1:01i've mastered these three pairs and so i
36. 1:03only trade
37. 1:04these three pairs i suggest that you
38. 1:06guys do the same also a quick side note
39. 1:08if you guys are trading indices or
40. 1:09crypto currencies
41. 1:10you can actually click on this pair and
42. 1:13get the details
43. 1:14and it'll show you the contract size for
44. 1:17your broker a lot of people are asking
45. 1:19how come it's different for .01 on my
46. 1:21broker than it is on your broker
47. 1:23this is why so what you want to do is
48. 1:25get into the settings of the chart so
49. 1:27click on
50. 1:28chart and what you're going to do
51. 1:29immediately is on the top
52. 1:31bar you're going to see the f button
53. 1:33you're going to click that f button and
54. 1:35on the main window
55. 1:36you're going to put up some moving
56. 1:37averages the first one is going to be a
57. 1:39200 period moving average
58. 1:41and you're gonna change that color to
59. 1:44red and make it a little bit thicker at
60. 1:46two pixels
61. 1:46shift will stay at zero and the method
62. 1:49is actually going to go to
63. 1:50smoothed okay now you're gonna add
64. 1:52another moving average you're going to
65. 1:54click main window
66. 1:55select moving average and you're going
67. 1:57to change this one to
68. 1:5850 also smoothed apply to close
69. 2:02and you're going to change the color of
70. 2:03this one to blue also make it a little
71. 2:05bit fatter at 2 pixels
72. 2:07and the last moving average that you're
73. 2:09going to do is
74. 2:10the 21. so select moving average again
75. 2:13change this number to 21 again smoothed
76. 2:17and you're gonna change this color to
77. 2:19green it doesn't really matter what
78. 2:20color the moving averages are just so
79. 2:22that you know what they mean
80. 2:23and now you can see on here on my chart
81. 2:26i have the 21 the 50 and the 200 day
82. 2:28moving averages
83. 2:29now what i also like to do to actually
84. 2:32get an indication of which direction the
85. 2:34price is going
86. 2:35i like to add a rsi
87. 2:38so you're going to add another indicator
88. 2:39you're going to scroll down until you
89. 2:41see the relative strength index
90. 2:42you're going to click that leave the
91. 2:44period at 14
92. 2:46apply to close and your levels you're
93. 2:48going to change to these
94. 2:50you're going to do two custom levels at
95. 2:5115 and 85 you're going to change those
96. 2:54to buy and sell
97. 2:56and then you're going to make another
98. 2:58level
99. 2:59at 50. now you see your rsi not the 70
100. 3:0230 range that's the standard across
101. 3:05all youtube channels but what you're
102. 3:06doing is setting up the rsi to show
103. 3:08momentum
104. 3:09if it is above the 50 that is bullish
105. 3:13momentum if it is below the 50 it is
106. 3:15bearish momentum
107. 3:16the reason i have it set at 85 and 15 is
108. 3:19those are like
109. 3:20massively over extended price ranges so
110. 3:23at that point
111. 3:24if i see the rsi at those levels i'm not
112. 3:26getting in
113. 3:27on the position right away i'm
114. 3:28considering it as an option so as you
115. 3:31can see right here
116. 3:32we actually got very low on the rsi
117. 3:35almost down to the 15
118. 3:36and then the price started to come back
119. 3:38up but if you notice
120. 3:40at this point it was at the 15. when it
121. 3:43got to a lower low
122. 3:45the rsi actually went up and that was my
123. 3:47divergence and that's when i would have
124. 3:49gotten in on a position
125. 3:50now you're wondering where i would have
126. 3:51taken profit if i would have gotten in
127. 3:53on my position
128. 3:54on this rsi divergence right here
129. 3:58my first take profit level where i would
130. 4:00have closed 90 of my trade would have
131. 4:01been right here at the 21 day moving
132. 4:03average
133. 4:04so basically my strategy if you have
134. 4:06this up all three moving averages
135. 4:09on your mobile mt4 you're basically
136. 4:12scalping the price
137. 4:13in between these moving averages if it
138. 4:16crosses through the 21
139. 4:18you are in a buy position getting in
140. 4:20towards the 50.
141. 4:21if it passes through the 50 you are
142. 4:24targeting
143. 4:25the 200 and vice versa if the price was
144. 4:28going down
145. 4:28you'd be targeting the moving averages
146. 4:30as it crossed through each one but again
147. 4:33you only want to wait for solid momentum
148. 4:35you don't want to see this consolidation
149. 4:37you want to see nice
150. 4:38big spikes because that means there's a
151. 4:41lot of volume
152. 4:42happening in the market and those are
153. 4:44the things that you want to trade you
154. 4:45want to trade volume and you want to
155. 4:46trade momentum now that's scalping
156. 4:48in between the moving averages trying to
157. 4:50get these moves
158. 4:52in between from where it is at the 21 to
159. 4:55where it is at the 50 to where it is at
160. 4:56the 200
161. 4:57but if you are following the trend and
162. 5:00scalping off
163. 5:01of a moving average going in a certain
164. 5:02direction following the momentum it's
165. 5:05going to be a little bit different as
166. 5:06you can see right here we bounced off of
167. 5:09the 50 moving
168. 5:10average and kept going up and we were in
169. 5:12a clear
170. 5:13uptrend so you would have bought scalped
171. 5:15a few pips and got out of your position
172. 5:16quickly then when it started coming down
173. 5:18you waited for a re-test
174. 5:20of that 50. scalp get a couple bucks
175. 5:23and walk away scalping is quick
176. 5:25positions in and
177. 5:26out you're not holding these trades long
178. 5:28term for hours and hours and hours
179. 5:31so just a recap we have a 200
180. 5:34smooth moving average we have a 50
181. 5:36smooth moving average
182. 5:38and we have a 21 smooth moving average
183. 5:40as well as our rsi
184. 5:43only showing a line in the middle the 50
185. 5:45line and if it's above the 50
186. 5:47then we are trending up if it is below
187. 5:49the 50 then we are trending down
188. 5:51an over extension of the rsi to the 85
189. 5:54and 15 level which are extremes is the
190. 5:57only time you should be looking
191. 5:59for a divergence watching the price
192. 6:01reverse in the opposite direction
193. 6:03i'm going to show you that divergence
194. 6:04one more time so you know exactly what
195. 6:06to be looking for
196. 6:08you can see these two lower lows being
197. 6:11formed
198. 6:11but if you look at the rsi we are
199. 6:14massively overextended on the downside
200. 6:16we get this low here at 15 and then the
201. 6:20next low that was created on us 30
202. 6:23even though the price action was going
203. 6:25down we saw an increase in the rsi
204. 6:28showing a divergence so on the rsi we're
205. 6:30making higher lows
206. 6:32and on the price action we're making
207. 6:34lower lows that is a clear divergence
208. 6:36and this is when you should be looking
209. 6:38for the price to go the opposite
210. 6:39direction and when that starts happening
211. 6:41and you start seeing these long wicks
212. 6:44and bullish candles you're going to be
213. 6:46targeting these
214. 6:47subsequent moving averages above and
215. 6:49that's pretty much it that's how i sit
216. 6:51at home
217. 6:52scalping like i put my daughter to sleep
218. 6:54and then i get on my phone and i look at
219. 6:56the price action
220. 6:57if i see it moving i'm scalping i'm
221. 6:59looking at the rsi
222. 7:00i'm looking at the price as it crosses
223. 7:02through the moving averages
224. 7:03and that's it so if you guys are still
225. 7:05watching this video guess what
226. 7:07that means that you like the video so if
227. 7:09you wouldn't mind click the like button
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231. 7:18in the next video