What is the Pips Striker Trading Strategy for MT4?

Pips Striker Trading Strategy is a technical analysis technique that uses the relative movement of pip values to make profitable trades. By studying price action, you can identify patterns and trends that will help you make informed decisions about when to buy or sell currencies.

Download Free Pips Striker Trading Strategy

This strategy is most effective with a forex trading platform like MT4. Using this system, the Pip Striker Trading Strategy automatically executes buys or sells based on the latest pip value (the smallest unit of currency in Forex) data. This allows you to focus on more important factors, such as market direction and supply/demand dynamics, instead of remembering complex trade setups.

How could you use Pips Striker Trading Strategy for MT4?

To use Pips Striker, you must first set up your charts in MT4. Then, you will select one or more technical indicators from the indicator panel and activate them by clicking on their icons. You can customize your analysis by adjusting specific settings, such as periodicity and lag time. Finally, click on ‘Execute’ to use Pips Striker’s strategic rules!

Pips Striker Trading Strategy MT4 trading settings

This strategy can be applied using MT4 trading software, which requires you to set up some basic trading settings before manually entering orders. The following are the key steps you need to follow:

1) Choose your preferred currency pair(s). Forex Striker Trading Strategy works best with trending pairs, so choose currencies that have been rising or falling recently.

2) Set up a 5-day Simple Moving Average (SMA). This will help identify whether the price is likely headed north or south soon.

3) Create two custom thresholds – one for when the SMA crosses above the first threshold and one for when it strikes below the second threshold. These levels indicate where you should place your buy or sell orders accordingly.

Pips Striker Trading Strategy Advantages

-It can provide high returns in short periods. Forex Pips Striker Trading Strategy is a high-speed, responsive, and aggressive trading system that can generate high returns in short periods. It’s designed to grab quick trade opportunities without dwelling too much on the fundamental analysis or market conditions.

-It is suitable for day traders who want to capitalize on sudden price changes. This strategy is designed for day traders who want to capitalize on sudden price changes by using technical indicators and conditional orders to place buy or sell trades as the prices move toward your predetermined entry or exit points.

-The system provides an overall risk-adjusted return greater than 50% after one month of consistent use. After months of constant use, the Forex Pips Striker Trading System has been found to offer an overall risk-adjusted return greater than 50%.

Pips Striker Trading Strategy Disadvantages

There are a few potential disadvantages to using a forex Pips Striker trading strategy. The most obvious drawback is that getting consistent results with this approach can be challenging. Because the trader is constantly adjusting their position, there’s a greater risk of making poor decisions and losing money overall.

Another potential disadvantage is that this type of trading requires a lot of discipline – otherwise, the trader could rapidly lose all their capital if they’re not careful. In addition, this strategy may also be unsuitable for those new to forex trading or who don’t have experience dealing with large sums of money.

Trading Strategy installation on MT4

o install the Pips Striker trading strategy on the MetaTrader 4 (MT4) platform, you will need to find and download the strategy’s code or template. Many different versions of the Pips Striker strategy are available online, so be sure to find one compatible with the MT4 platform.

Once you have the code or template, you can install it on your MT4 platform by following these steps:

1. Open the MT4 platform and click on the “File” menu at the top of the screen.
2. Select “Open Data Folder” to open the platform’s data folder.
3. Open the “MQL4” folder, then the “Experts” folder.
4. Copy the downloaded strategy code or template into the “Experts” folder.
5. Close the data folder and return to the MT4 platform.
6. Click on the “Navigator” button at the bottom of the screen.
7. In the “Navigator” window, click on the “Expert Advisors” tab.
8. Locate the Pips Striker strategy in the list of expert advisors and double-click on it.
9. Configure the strategy’s settings as desired, then click “OK” to apply it to your chart.

Pips Striker Trading Strategy mt4 free download

Conclusion

The Pips Striker trading strategy is a popular and profitable forex trading strategy that uses technical analysis to identify short-term trends and automate trade decisions. Installation of the system on the MT4 platform is straightforward, and it provides powerful tools for advanced traders who want to take their trading skills to the next level.