DeMark TDST Trading (DeMark TDST Trading) | Forex indicator download- MT4/MT5 resources
Hello everyone,
The reason I started this post is because I thought it was about time we did a serious Danish trading post. I noticed several threads using the Demark method, but to my surprise they never started. The DeMark method offers opportunities on any time frame or currency pair and can provide exposure to GBP/USD as low as 12 pips, as is the case today on the 5-minute chart.
Based on past experience, I've found that using the DeMark TDST setup works best when you have a long-term view. For example, assuming there is a daily bullish thrust in GBP/USD, the next day you might buy on the failure of the TDST support that formed on the shorter time frame. I also try to express my long-term perspective when I look for developments in certain situations. Please feel free to do so.
Here are the rules for how I trade the DeMark method, flip everything below for a buy situation:
9 Count Downtrend Exhaustion Sequence and TDST Resistance Level Formation
Step two:
Retracements, hits and failures of TDST resistance *
Step three:
After the TDST resistance hits the candle, the chart will show the recommended lot size
Step 4:
Accordingly, press ctrl + S to open a position with a specified lot size**
Step 5:
a) The initial target should be placed at the nearest TDST support level
b) If a 9 count downtrend exhaustion sequence is formed, the stop loss should be moved to the high of the 9th bar.
*Please note that once a contact candle is established and an order is placed, the order should only be canceled if our closing price is above the contact candle high. Transactions can be canceled using the TDCOUNT cancellation script
**Please note that by pressing ctrl + S (you set the hotkey to any value) the script will automatically calculate entries and stops and open positions 0.1 lots at a time, and you will have the number of lots you can risk displayed on the right side of the chart. So you can repeat until you have placed the required number of lots
I have attached the indicator, script and template files, as well as pictures of perfect setup and order cancellation. In the next article, I will post more scenarios to help people understand it more.
Please feel free to ask any questions I'm here to help.
Cheers fog traders
The reason I started this post is because I thought it was about time we did a serious Danish trading post. I noticed several threads using the Demark method, but to my surprise they never started. The DeMark method offers opportunities on any time frame or currency pair and can provide exposure to GBP/USD as low as 12 pips, as is the case today on the 5-minute chart.
Based on past experience, I've found that using the DeMark TDST setup works best when you have a long-term view. For example, assuming there is a daily bullish thrust in GBP/USD, the next day you might buy on the failure of the TDST support that formed on the shorter time frame. I also try to express my long-term perspective when I look for developments in certain situations. Please feel free to do so.
Here are the rules for how I trade the DeMark method, flip everything below for a buy situation:
TDST rebound selling conditions
9 Count Downtrend Exhaustion Sequence and TDST Resistance Level Formation
Step two:
Retracements, hits and failures of TDST resistance *
Step three:
After the TDST resistance hits the candle, the chart will show the recommended lot size
Step 4:
Accordingly, press ctrl + S to open a position with a specified lot size**
Step 5:
a) The initial target should be placed at the nearest TDST support level
b) If a 9 count downtrend exhaustion sequence is formed, the stop loss should be moved to the high of the 9th bar.
*Please note that once a contact candle is established and an order is placed, the order should only be canceled if our closing price is above the contact candle high. Transactions can be canceled using the TDCOUNT cancellation script
**Please note that by pressing ctrl + S (you set the hotkey to any value) the script will automatically calculate entries and stops and open positions 0.1 lots at a time, and you will have the number of lots you can risk displayed on the right side of the chart. So you can repeat until you have placed the required number of lots
I have attached the indicator, script and template files, as well as pictures of perfect setup and order cancellation. In the next article, I will post more scenarios to help people understand it more.
Please feel free to ask any questions I'm here to help.
Cheers fog traders
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