Index Lord – Analysis and Forecasts – February 17, 2024

IndexLORD This is an index scalper using major indices. This major operates with good liquidity and low spreads and terms throughout the day. The system is a frequent trader that averages more than 5 trades per day, with more trades on volatile days and fewer trades on slow trading days. Therefore, it is interesting to monitor and watch a lot of trading activity occurring only in the European and US sessions. The system only trades from 8:00 AM EST to 5:00 PM EST. If there are any open trades, all trades will be closed before the end of the US session. We do not trade Asian sessions.

IndexLORD Demonstrates incredible backtesting agility and matches real-time trading to demonstrate excellent long-term potential.

IndexLORD Works with 5 different charts. NASDAQ Each trade is protected by a stop loss of 30-60 points. The system uses a trailing stop feature that is activated starting from a 5-point gain. There is an increase factor in the settings if the user wants an increase after a loss, but this can be disabled. (i.e. each transaction will be the same size as the previous transaction)

IndexLORD You can open multiple trades, especially closer to the market where prices are prevalent, and start trading at the 1st and 5th minutes simultaneously. Typically you can only have a maximum of 1 or 2 trades open at a time, but technically you can have 5 trades open at a time. (i.e. 1 trade on each chart)

IndexLORD Use candles as key indicators for entry. Indices rely heavily on momentum and the system works well when tracking high volume and momentum movements. The system has a predetermined candle size for entry and once this condition is met (along with other internal driving mechanisms) a trade is initiated and stop loss and take profit are set immediately. The use of stop losses is especially important in index trading. This is because there can be wild moves on your trades in a short period of time and traders may end up with high exposure without stop protection. So while it may not be to everyone’s taste, it’s important that longevity deals work like this.

Using price action mechanisms in trading can provide traders with a completely different perspective than standard indicator-based trading. If there is no market movement or momentum, the system goes idle, ensuring high win rates and not accepting poor trade entries. The logic for long-term success is sound.

IndexLORD Works best with ECN-based feeds and direct market access brokers with low spreads and low slippage environments across all indices. Often, brokers have not refined their CFD trading skills and tend to price slowly, off quote, or have poor price smoothing or spreads. But with the right broker, the system explodes.

I work on a Prop account with a broker that offers good terms for Index Trading.

Strategy Summary:

Trading instruments: NASDAQ100/ US30 (DOW) /SP500

Minimum deposit: $100 if the broker offers 0.1 trading index lots (most do)

Duration: 1 minute, 5 minutes

Broker offers: decent broker with good terms on indices (afterprime/fusion/IC/GMG/admiral/pepperstone/tickmill)

Account type: Low spreads with commissions. (RAW/Laser/ECN)

important: Check the spread before using each pair. Target NasDAQ <1.0, DOW30 <2.0.

Account type: Hedging only (possible to hold short/long term in one product simultaneously)

Transaction specifications:

Average number of transactions per day >5

Admission – 1 minute/5 minutes New bar opens in Candle

Liquidation – Based on stop loss or trailing stop loss.

All trades have a 30-60 point stop on the regular set.

Orders are canceled or terminated daily at 9pm UK time.

There are no daily rollovers or overnight trading.

A VPS is not required but recommended.

If necessary, it can be easily set up by simply changing the Lotus/GMT clock. (subject to change if broker uses non-6 digit quotes)

Look for backtests and necessary configuration files in the comments and screenshots.

For MT4 backtesting and MT5 backtesting, please use the setfile provided in the comments. There is also a 3-year backtest.

MT5 produces longer range tests as more data is available from the broker data server.