Sweep Hunt Trading Strategy

Overview

• Strategy Name: Sweep Hunt
• Recommend by: A successful Trader
• Purpose: Simplify trading techniques using straightforward indicators and systems for consistent results.
• Resources Required: Template from the Telegram group, Milli Moves Indicator.

Strategy Execution

1. Preparation:

   • Use the provided template available in the Telegram community.
   • Utilize the Milli Moves indicator (Smart Money Pro) for market analysis.
   • Adjust settings to remove unnecessary indicators and focus on the change of character (COC).

2. Sweep Range Setup:

   • Determine the sweep range—one hour before New York opens (adjusted automatically for your time zone).
   • Monitor sweeps in either side of the range.

3. Identifying the Trade:

   • Wait for a change of character after a sweep—indicated by a shift in candle colors.
   • Use the Fibonacci tool to set a sell limit order at 50% retracement level of the COC candle.

4. Execution:

   • Set a stop-loss of 25 Pips.
   • Aim for a risk-reward ratio of 1:2.
   • Monitor and adjust as per high-impact news influence.

5. Applying Rules:

   • During high-impact news, increase risk-reward up to 1:2.5.
   • Follow normal trade rules on non-news days.

Example Outcomes

• September 17-19:
  • Successful trades illustrated with changes in character and Fibonacci applications consistent with strategy rules.
  • Adaptations for news days based on impact assessments from sources like Forex Factory.

Community and Support

• Telegram Community:
  • Access to templates, strategies, tips, and user-shared entries and setups.
  • Discusses the Sweep Hunter strategy in detail.

Additional Notes

• Feel free to adapt the strategy based on personal trading style and preference.
• The strategy supports different trading styles and instruments, such as gold and NASDAQ.
• Offers structured strategies suitable for funded accounts with clear rules for risk management, including fixed stop loss and take profit criteria.

Reminder: Consistent reassessment and adaption to market changes are critical. If a strategy deteriorates, reassess its effectiveness and explore alternative methods.

For more strategies and consistent updates, join the associated Telegram Community.