Predator Trading System, a dynamic approach designed to capitalize on trends in the market with precision and efficiency. Developed by Joker, this strategy combines a filter system comprising long moving averages and momentum squeeze, offering traders a robust framework for navigating the markets.
Strategy Setup
Time Frame 5 minutes or higher
Currency pairs: volatile.
Indicators
At the heart of the Predator system lie several key indicators, each playing a crucial role in identifying favorable trading opportunities:
PB Fast 3 MA's: This indicator utilizes three moving averages to gauge the momentum and direction of price movement.
QQQE Timing Indicator: Offering timing signals to help traders enter and exit positions at optimal points.
Sniper Scalp:this is an fractal modified for high and low.
200 EMA High/Low: Acting as dynamic support and resistance levels, aiding in trend identification.
PB Squeeze 10 Periods: Best momentum indicator.
Trading Rules for Predator
Trend Direction: Trade only in the direction of the prevailing trend, determined by the relationship between price and the 200 EMA (Exponential Moving Average).
Long Entry:
Look for opportunities to enter long positions when price is above the 200 EMA, accompanied by a red circle from the Sniper Scalp indicator, a buy arrow from the QQQE indicator, blue signals from the PB Fast 3 MA's, and green momentum from the Squeeze Momentum indicator.
Short Entry:
Conversely, consider short positions when price is below the 200 EMA, signaled by a green circle from the Sniper Scalp indicator, a sell arrow from the QQQE indicator, red signals from the PB Fast 3 MA's, and red momentum from the Squeeze Momentum indicator.
Exiting Positions
To manage risk and lock in profits, the Predator system employs a systematic approach to exiting positions:
Stop Loss: Set initial stop-loss orders at the previous swing high for long positions and swing low for short positions.
Profit Target: Aim for a profit target ratio ranging from 1:1 to 1:1.3, ensuring a favorable risk-reward ratio.
Enhancing the Strategy
For those familiar with the Parabolic SAR breakout method, the Predator system offers a seamless integration. Simply replace the QQQE indicator with the Parabolic SAR to refine your entry and exit points further.
Conclusion: Mastering the Predator
The Predator Trading System, with its meticulous blend of indicators and clear-cut rules, offers traders a powerful tool for navigating the turbulent waters of day trading. By adhering to its principles and adapting it to individual trading styles, traders can aspire to achieve consistent profitability and master the art of scalping. Happy trading!
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