- Lot Size (Entry Amount): 1.00 lot per trade.
- Stop Loss: 5000 pips.
- Take Profit: 8850 pips.
- Indicators Used & Parameters by the Dow Jones Scalping Strategy:
- Relative Strength Index (RSI): Helps assess overbought/oversold conditions.
- Period: 15
- Level: 30
- Average Directional Index (ADX): Detects trend strength.
- Period: 14
- Level: 41.0
- Stochastic Oscillator: Identifies momentum and possible reversal points.
- %K Period: 20
- %D Period: 1
- Slowing: 15
- Level: 20.0
- Average True Range (ATR): Measures volatility, possibly for setting stop loss/take profit.
- Period: 5
- Level: 104.0000
- Moving Averages Crossover: Used for trend confirmation.
- Fast MA Period: 13
- Slow MA Period: 36
- Relative Strength Index (RSI): Helps assess overbought/oversold conditions.
Free Robots, Indices
Dow Jones Scalping Strategy
The Dow Jones Scalping Strategy (US30 Robot) is designed for trading the USA30 Index (Dow Jones Industrial Average) on the M5 (5-minute) timeframe. It utilizes a combination of trend-following and momentum-based indicators to identify high-probability scalping opportunities. Here is a brief overview of the strategy applied by this FREE US30 Robot:
Assets | US30 |
---|---|
Timeframes | M5 |