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Major trend should be up i. Price should cross above the 5 SMA. In ADX indicator, green oscillator should cross above the red oscillator. Enter a long position as soon as above conditions are met. Place your stop loss just below the recent swing low. Take your profits when green oscillator of ADX falls back to touch red oscillator.
Selling Conditions using Easy Forex System. Major trend should be down i. Price should cross above below 5 SMA. In ADX indicator, green oscillator should cross below the red oscillator. Enter a short position as soon as above conditions are met. Place your stop loss just above the recent swing high. The Forex System MT4 Indicator can be used as a trading system in and of itself and the rules are straightforward.
The same rules apply in reverse for a sell setup. If on the first long trade setup we got stopped out at a loss we recovered all of our losses on the following short trade setup. As a final note, we have to keep in mind that not every signal is a potential trade setup as we also have to wait and have all the necessary conditions that indicate we have a strong trend in place, so the key here is to really be very selective with our trades.
Time Frames Technically speaking, you can use this indicator for all time frames. However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly. We recommend that you use higher time frames like the 4H for better consistency. We humbly request for your help to spread the word by sharing on one of the social platforms below. To unlock the download link , you just need to share this page to help us achieve our goal of helping more traders out there.
They are in blue and yellow. When easy forex system is correctly installed on your trading platform your chart should look like this: 5 SMA 5 SMA and price crossovers can be used to make a trading decision. Easy Forex system These two indicators which are blue and yellow in color can be used to figure out the major direction of the market.
You should long only when these two indicators show the bullish market trend and vice versa. It is one of the main signal generating indicators in Easy Forex system. You do not have to look for anything else, just see where the thick green and red oscillators of ADX cross each other and make decisions accordingly.
Major trend should be up i. Price should cross above the 5 SMA. In ADX indicator, green oscillator should cross above the red oscillator. Enter a long position as soon as above conditions are met. Place your stop loss just below the recent swing low. Take your profits when green oscillator of ADX falls back to touch red oscillator. The Forex System MT4 Indicator can be used as a trading system in and of itself and the rules are straightforward.
The same rules apply in reverse for a sell setup. If on the first long trade setup we got stopped out at a loss we recovered all of our losses on the following short trade setup. As a final note, we have to keep in mind that not every signal is a potential trade setup as we also have to wait and have all the necessary conditions that indicate we have a strong trend in place, so the key here is to really be very selective with our trades. Time Frames Technically speaking, you can use this indicator for all time frames.
However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly. We recommend that you use higher time frames like the 4H for better consistency. We humbly request for your help to spread the word by sharing on one of the social platforms below.
To unlock the download link , you just need to share this page to help us achieve our goal of helping more traders out there.