DeMarker Arrow Sniper Forex Trading Strategy

The DeMarker Arrow Sniper forex trading strategy is built to make more money than losses in the long-term.

It does this so well by scanning the market for signals when it shifts through bear and bull impulses, with choppy sessions in-between.

We will be using the following trading indicators:

DeMarker indicator, which is an oscillator that gauges the demand for a currency pair, FX Sniper’s T3 CCI, which interprets volatility in the market and the buysellarrowscalper, a trend seeking custom indicator.

Chart Setup

MetaTrader4 Indicators: buysellarrowscalper.ex4 (Default Setting), DeMarker.ex4 (Parameters Modified; Period=21), FX Sniper’s T3 CCI.ex4 (Inputs Variable Modified; CCI_Period=28)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day

Recommended Trading Sessions: Any

Currency Pairs: Any pair (majors, crosses, exotics)

Download

Download the DeMarker Arrow Sniper Forex Trading Strategy 

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Enter a buy order if the following rules or conditions hold sway:

  1. If the light sea green line of the DeMarker MT4 indicator hovers into the 0.3 level (below this level is the oversold region) and breaks above the 0.5 level as shown on Fig. 1.0, a buy trigger is said to be looming.
  2. If the dodger blue upward pointing arrow and lower spiked line of the buysellarrowscalper indicator align below price bars (see Fig. 1.0), a buy signal is said to be in the offing.
  3. If the blue line and green histograms of the FX Sniper’s T3 CCI custom indicator stay above the 0.00 level as depicted on Fig. 1.0, a buy entry is said to be imminent.

Stop Loss for Buy Entry: Place stop loss 2-5 pips below support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions takes center stage:

  1. If the light sea green line of the DeMarker MT4 indicator breaks below the 0.5 level while a buy signal is ongoing, an exit or take profit is advised.
  2. If the buysellarrowscalper indicator forms a red downward pointing arrow that is slightly placed above the candlesticks, an exit or take profit should be considered.
  3. If the blue line of the T3 CCI custom indicator dips below the 0.00 level while a buy trend is running, it is indicative of bearish reversal i.e. a trigger to exit or take profit at once.

Sell Entry Rules

Enter a sell order if the following holds true:

  1. If the light sea green line of the DeMarker MT4 indicator hovers into the 0.7 level (above this level is the overbought region) and eventually breaks below the 0.5 level as seen on Fig. 1.1, a sell trigger is said to be on the horizon.
  2. If the red downward pointing arrow and upper spiked line of the buysellarrowscalper indicator align above the candlesticks (see Fig. 1.1), a sell signal is said to be in the cards.
  3. If the blue line and red histograms of the FX Sniper’s T3 CCI custom indicator stay below the 0.00 level as illustrated on Fig. 1.1, a sell entry is said to be impending.

Stop Loss for Sell Entry: Place stop loss 2-5 pips above resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes center stage:

  1. If the light sea green line of the DeMarker MT4 indicator breaks above the 0.5 level while a sell signal is running, an exit or take profit will suffice.
  2. If the buysellarrowscalper indicator forms a dodger blue upward pointing arrow that is slightly placed below the candlesticks, an exit or take profit should be considered.
  3. If the blue line of the T3 CCI custom indicator surges above the 0.00 level while a sell trend is running, it is indicative of bullish reversal i.e. a trigger to exit or take profit without delay.

Sell Trade Example

Fig. 1.1

Free Download

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About The Trading Indicators

The Buysellarrowscalper custom indicator is a trend following indicator that changes its color between a red downward pointing arrow (with upward spikes place on its red line) aligned above price bars to depict a bears market, and a dodger blue upward pointing arrow (with downward spikes place on its dodger blue line) aligned below price bars to trigger a buy market.

The FX Sniper’s T3 CCI custom mt4 indicator is a trend-momentum that is based on the Commodity Channel Index (CCI), the indicator can be used in generating intraday signals.

The deMarker MT4 indicator is of the oscillator family and can be used in detecting oversold and overbought market conditions.

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