Genesis Matrix Strategy
Scalping , as a trading style, involves the use of special trading tactics that are aimed at working with market noise.
There are simply a huge number of strategies on the network that are called scalping, but only a few are such.
Unfortunately, applying any trading tactic on a five-minute chart is far from scalping, and when we do this, we are wishful thinking.
Thus, no matter how much you look for real working tools purely for scalping, you will stumble upon the same rake in the form of losses for a very long time.
The Genesis Matrix strategy is one of the most popular trading tactics, which almost every experienced scalper knows about.
Previously, when the strategy first appeared among the masses, there was simply a huge buzz from quite enthusiastic reviews on various platforms.
The developers of Genesis Matrix worked on this shortcoming, and the result was a strong tactic for trading on five-minute or fifteen-minute charts of almost any currency pair that has trending markets.
Installing Genesis Matrix
The basis of the Genesis Matrix strategy is custom indicators that were written for trading through the most popular trading platform - Meta Trader 4 .
Before you start analyzing signals, download at the end of the article a file with indicators and a template that we need to install.
Next, in an open terminal, go to the file menu and launch the directory, where we find the indicators and template folders. Reset the downloaded indicators and template to these folders, then close the root directory and restart Meta Trader 4. After restarting, find the list of your templates by right-clicking on the chart, the additional menu and launch Genesis.
Indicators of the Genesis Matrix strategy
As a rule, scalping strategies are quite rich in indicators, so you should not be surprised when you first launch the strategy, since the strategy contains as many as 8 indicators.
However, despite such a large number, the strategy looks quite harmonious, and most of the indicators are familiar even to most beginners.
So let's take a quick look at some of them. 1) Heiken Ashi - an indicator that colors candles red or white.
The strategy has a short-term filter, namely, we will buy only when the candles are white and sell when the candles are red. 2) FXI Pivots – an indicator thanks to which you can visually see pivot levels, which in turn very often act as support or resistance.
It is worth noting that FXI Pivots is used as an auxiliary tool for traders who find it quite difficult to determine targets and stop orders.
3) ASCTrend1i – a signal arrow indicator that displays the entry point directly on the chart.
This indicator completely duplicates the readings of ASCTrend-Matrix 2TF, which is located in the last additional window, so you can safely remove the latter so that it does not clog the screen. 4) Stochastic Oscillator – this is the most popular standard oscillator, which performs confirmation in the strategy.
So we will buy if the Stochastic Oscillator lines have recently left the oversold zone or are near it, and sell if the indicator lines are near the overbought zone. 5) MTF Stochastic v2.0 is a similar indicator that we discussed above, the only thing is that it displays information not from a five-minute chart, but from a fifteen-minute chart, which allows you to compare the trend with a higher time frame.
6) GenesisMatrix 2.22 is the main indicator, which is why the strategy got its name. The strategy filters the direction of the position and displays information in the form of four cubes.
Signals
The purchase signal:
1) the AsCtrend1i indicator displayed the arrow directed up.
2) the candle of Heiken Ashi is white and closed above the sliding medium.
3) Stochastic Oscillator is located near the resale zone or recently came out and directed up.
4) MTF Stochastic V2.0 is located near the resale zone or recently came out and directed up.
5) All four cubes of Genesismatrix 2.22 are white.
Stop order is set at a local minimum, and your profit is placed at the nearest level of brewer. You can also leave the market if the cubes of the Genesismatrix indicator change their color from white to red. We look at the example below:
the sale signal:
1) the asCtrend1i indicator displayed the arrow directed down.
2) the candle of Heiken Ashi is red and closed under the sliding medium.
3) Stochastic Oscillator is located near the overwhelming area or recently came out and directed down from it.
4) MTF Stochastic V2.0 is located near the overwhelming area or recently came out and directed down from it.
5) all four cubes of Genesismatrix 2.22 red.
Stop order is set at the local maximum, and your profit is placed at the nearest level of brewers. You can also leave the market if the cubes of the Genesismatrix indicator change their color to the opposite signal. We look at the example below:
in conclusion, I would like to note that in spite of such a system, a complicated system of rules for entering the market, you will receive a bunch of signals. It is worth noting that this strategy is particularly effective in the trend in this case, at the same time gives a lot of false entrances if the forex market is not observed in a clearly expressed trend.
Download indicators for strategy .