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Indicators: [iC2R]LuckyStarPivot.ex4, [iC2R]LuckyStarVF.ex4, [iC2R]LuckyStarZZ.ex4 (Unlocked MT4 Build 1422+), Templates: @luckystar-bars.tpl, @luckystar-candles.tpl, NO MANUAL.

Lucky Stars Trend-Momentum Intraday System

The Lucky Stars trading system is a trend-momentum-based strategy designed for intraday trading. It utilizes the Lucky Star VF indicator, a combination of various technical indicators and a set of trading rules for precise entry and exit points. The system also includes an automatic pilot for trade execution, which makes it easier to follow without needing constant monitoring.

Key Features of the System

• Timeframes:

  • 5-minute

  • 15-minute

  • 30-minute

• Currency Pairs:

  • Primarily majors or currency pairs with low spreads.

Meta Trader Indicators Used

• Lucky Star ZZ:

  • dist 1 = 4

  • dist 2 = 12

• Lucky Star Pivot

• Exponential Moving Average (EMA):

  • EMA 32-period

  • EMA 6-period

• Lucky Star VF combines the following indicators:

  • MACD:

    • Signal EMA = 4

    • Fast EMA = 16

    • Slow EMA = 32

  • MA Trend: 96

  • ADX (Average Directional Index): 14

Trading Rules

Buy Conditions:

• EMA 6 is above EMA 32 (indicating an uptrend).

• Green thin bar with a star: This is a weak buy signal.

• Green bar with a star: This is a strong buy signal.

Sell Conditions:

• EMA 6 is below EMA 32 (indicating a downtrend).

• Red thin bar with a star: This is a weak sell signal.

• Red bar with a star: This is a strong sell signal.

Exit Conditions:

• Exit at the pivot levels: Traders may exit their positions based on pivot levels.

• Predetermined profit target: Set a profit target beforehand and exit when it’s reached.

• Initial stop loss: Set the stop loss at the previous swing to limit losses.

Summary

The Lucky Stars system provides a clear, structured approach to intraday trading with precise buy/sell signals based on a combination of trend and momentum indicators. By utilizing the Lucky Star VF indicator alongside key moving averages and MACD, this system helps traders identify favorable trading conditions with automatic trade management for added convenience.