Smart Trader Indonesia System (2024)

Submit by Xmember (viewed by Maximo trader)

Smart Trader Indonesia System is a strategy of a Telegram group of the same name. The strategy is an price action momentum based on Obos oscillator Overbought-Oversold.

Here we present two versions of the original and a second one with trend filter for the simple reason that the original version was brutally criticized on a well-known forex forum, (but the forum has a good reputation in the forex panorama). The criticism that is made is that the oscillator Obos recalculates, it is true, but the opposition moved was very superficial because the signals it provides are valid, and, in any case we are talking about a price action system based also on support and resistance. In conclusion, to make the system clear, even those who do not like the indicators that recalculate I have added a trend filter.

Time frame 5 min or higher.

Currency pairs: Majors and minors

Metatrader Indicators

Key levels

Support and resistance ZZ

Symbol pairs

STI Obos oscillator.

Bands ( 5 min time frame 7 period , 15 min 6 period , 30 min or higher 5 period).

Tradig rules Smart Trader Indonesia System

Original rules

The original rules are illustrated in the images below

The direction of trade is determined by the support or resistance.

Buy

Lines of support and resistance blue color below the price.

The Obos crosses upward.

The band below the price (signal buy in the corner of the screen).

Sell

Lines of support and resistance red color above the price.

The Obos crosses downward.

The band above the price (signal sell in the corner of the screen).

In summary the signal is generated when the intersections of the obos oscillator agree with the signal of the bands.

Exit position when an opposite signal is generated, profit on a key level or ratio stop loss 1.18. Stop loss on the previous swing.

Submit by Ketang (28/03/2020)

In this update we share two templates.

First original with timing for entries STI obos recaculates indicator.

Second with 123 pattern no repaint indicator.

The template is for a 15 min time frame. But there is also a version for H1.

Many traders love to trade with the first version. We have introduced the second version for those who don't like indicators that recalculate.

The rule is simple and intuitive above STI Trend Hunter only buy, under STI Trend Huntee only sell.

The template is for a 15 min time frame. But there is also a version for H1.