Pips Striker is a forex day trading strategy designed for intraday execution on the currency market using proprietary custom indicators. It combines trend-following principles with oscillator-based confirmation signals. The strategy is applicable across multiple currency pairs on the M15 timeframe and requires active market monitoring.
Entry Requirements
- Currency Pairs: Any major, minor, or exotic pair
- Timeframe: M15
- Optimal Trading Hours: London and New York sessions
- Risk Management: After calculating stop-loss distance, select a lot size that limits risk to no more than 2–5% of account equity per trade.
Indicators Used
To analyze market conditions on your chosen currency pair’s chart, install the following indicators:
- MT4 background
- Currency Power
- Pivots D black
- Arrows & Curves
- MT4 Gann SW (30 min) MTF
- Deep Bar Indicator
All indicators are available for download in the archive at the end of this article. For fast and accurate setup, use the provided template.
Chart Setup Instructions
- Extract the downloaded archive.
- Copy the template file into the
templatesfolder. - Copy all indicator files into the
MQL4 → indicatorsfolder. - Restart your MetaTrader 4 terminal.
- Open the chart of your preferred currency pair.
- Apply the template named RK3.
The final chart should appear as follows:
Long Entry Signals (Buy)
To open a Buy position, wait for all of the following signals to align:
- A blue arrow appears from the Arrows & Curves indicator
- The MT4 Gann SW column turns blue
- The Deep Bar Indicator column turns blue
- The buying currency’s strength on the Currency Power indicator exceeds 55%
Short Entry Signals (Sell)
To open a Sell position, confirm all of the following:
- A red arrow appears from the Arrows & Curves indicator
- The MT4 Gann SW column turns pink
- The Deep Bar Indicator column turns red
- The strength of the currency being sold against (i.e., the counter-currency) on Currency Power exceeds 55%
Exit Rules and Stop-Loss Placement
Close an open position when either of the following occurs:
- A reversal arrow (opposite direction) appears on the Arrows & Curves indicator
- Price reaches the nearest Pivot level
Place a stop-loss just above the previous local swing high (for longs) or below the previous local swing low (for shorts).
Note: The MT4 Gann SW (30 min) MTF indicator may repaint within the span of one M15 bar — this is expected behavior, as the indicator originates from the M30 timeframe while the Pips Striker strategy operates on M15.
Before deploying the Pips Striker day trading strategy on a live account, we strongly recommend thorough testing on a demo account.
Download Pips Striker strategy template and indicators
FAQ
What timeframes does Pips Striker support?
It is optimized exclusively for the M15 (15-minute) timeframe.
Can I use Pips Striker on any broker platform?
Yes — but only on MetaTrader 4, as all indicators are built for MT4 and require the RK3 template.
Is repainting an issue with this strategy?
The MT4 Gann SW (30 min) MTF indicator may repaint within one M15 bar — always confirm signals with other non-repainting components before entry.
