10 TRADING STYLES THAT MUST YOU KNOW FOR YOUR DAILY TRADES
rfxsignals December 4, 2023 No Comments

10 TRADING STYLES THAT MUST YOU KNOW FOR YOUR DAILY TRADES

10 TRADING STYLES THAT MUST YOU KNOW FOR YOUR DAILY TRADES

1. 50-Pips a Day Forex Strategy
One of the latest Forex trading strategies to be used is the 50-pips a day Forex strategy which leverages the early market move of certain highly liquid currency pairs. The GBPUSD and EURUSD currency pairs are some of the best currencies to trade using this particular strategy. After the 7am GMT candlestick closes, traders place two positions or two opposite pending orders. When one of them gets activated by price movements, the other position is automatically cancelled.

The profit target is set at 50 pips, and the stop-loss order is placed anywhere between 5 and 10 pips above or below the 7am GMT candlestick, after its formation. This is implemented to manage risk. After these conditions are set, it is now up to the market to do the rest. Day trading and scalping are both short-term Forex trading strategies. However, remember that shorter-term implies greater risk due to the nature of more trades taken, so it is essential to ensure effective risk management.

Below is a screenshot of the MetaTrader 4 trading platform provided by Admirals, showing the EURUSD H1 chart from the Zero.MT4 account:

50 pips a day forex trading strategy on the metatrader 4 platform
Source: Admirals MetaTrader 4, EURUSD, H1 chart (between 26 May 2020 to 31 May 2020). Accessed: 29 November 2023 – Please note: Past performance is not a reliable indicator of future results or future performance.
The orange boxes show the 7am bar. In some instances, the next bar did not trade beyond the high or low of the previous bar resulting in no trading setup unless the trader left their orders in the market. The effectiveness of the 50 pips a day Forex strategy has not been tested over time and merely serves as a platform of ideas for you to build upon. Past performance is not a reliable indicator of future results.

10 TRADING STYLES THAT MUST YOU KNOW FOR YOUR DAILY TRADES

10 TRADING STYLES THAT MUST YOU KNOW FOR YOUR DAILY TRADES

2. Daily Chart Forex Strategy
The best Forex traders swear by daily charts over more short-term strategies. Compared to the Forex 1-hour trading strategy, or even those with lower time-frames, there is less market noise involved with a Forex daily chart strategy. Such Forex trade setups could give you over 100 pips a day due to their longer timeframe, which has the potential to result in some of the best Forex trade setups and potentially some of the most successful trading strategies around.

Daily Forex strategy signals can be more reliable than lower timeframes, and the potential for profit could also be greater, although there are no guarantees in trading. Traders also don’t need to be concerned about daily news and random price fluctuations. The Forex daily strategy is based on three main principles:

Locating the trend: Markets trend and consolidate, and this process repeats in cycles. The first principle of the Forex daily strategy is to find the long drawn out moves within the Forex market. One way to identify a Forex trend trading chart is by studying the price data over the last 3 months. Identifying the swing highs and lows will be the next step. By referencing this price data on the current charts, you will be able to identify the market direction.
Staying focused: This requires patience, and you will have to get rid of the urge to get into the market right away. You need to stay out and preserve your capital for a bigger opportunity which is the key to success in a daily time frame Forex strategy.
Using larger stop losses: Be aware of the large intraday swings in the market. Using larger stops, however, doesn’t mean putting large amounts of capital at risk but it does help to deal with the random volatility that can develop during the day, which is why it makes it to the list of trading strategies.
While there are plenty of trading strategy guides available for professional FX traders, the best Forex strategy for consistent profits and creating the most successful trading strategies can only be achieved through extensive practice. Let’s continue the list of trading strategies and look at another one of the best trading strategies.

3. Forex 1-Hour Trading Strategy
You can take advantage of the 60-minute time frame in this Forex strategy. The most suitable currency pairs to trade using this Forex strategy are the EUR/USD, USD/JPY, GBP/USD, and the AUD/USD. In regards to the Forex trading strategies resources used for this type of strategy, the MACD is the most suitable which is available on both MetaTrader 4 and MetaTrader 5.

Buy Trade Rules:

You can enter a long position when the MACD histogram goes above the zero line. The stop loss could be placed at a recent swing low.

Sell Trade Rules:

You can enter a short position when the MACD histogram goes below the zero line. The stop loss could be placed at a recent swing high.

Below is an hourly chart of the AUDUSD. The red lines represent scenarios where the MACD histogram has gone above and below the zero line:

Forex 1-Hour Trading Strategy metatrader 4
Source: Admirals MetaTrader 4, AUDUSD, H1 chart (between 20 May 2020 to 31 May 2020). Accessed: 29 November 2023 – Please note: Past performance is not a reliable indicator of future results or future performance.
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4. Forex Weekly Trading Strategy
While many Forex traders prefer intraday Forex trading systems due to the market volatility providing more opportunities in narrower time frames, a Forex weekly trading strategy can provide more flexibility and stability. A weekly candlestick provides extensive market information. Weekly Forex trading strategies are based on lower position sizes and avoiding excessive risks.

For this strategy, traders can use the most commonly used price action trading patterns such as engulfing candles, haramis and hammers.

One of the most commonly used patterns in Forex trading is the hammer which looks like the image below:

hammer price action trading strategy

The opposite of the hammer is the shooting star which looks like the image below:

shooting star price action trading strategy

The chart below shows the weekly price action of NZDUSD and examples of the patterns shown above.

Forex Weekly Trading Strategy MetaTrader 4
Source: Admirals MetaTrader 4, NZDUSD, Weekly chart (between 19 August 2018 to 31 May 2020). Accessed: 29 November 2023 – Please note: Past performance is not a reliable indicator of future results or future performance.
5. Price Action Trading Forex Strategies
To what extent fundamentals are used varies from trader to trader. At the same time, the best Forex strategy will invariably use price action. This is also known as technical analysis. When it comes to technical currency trading strategies, there are two main styles: trend following and countertrend trading. Both of these FX trading strategies try to profit by recognising and exploiting price patterns.

When it comes to price patterns, the most important concepts include support and resistance. Put simply, these terms represent the tendency of a market to bounce back from previous lows and highs.

Support is the market’s tendency to rise from a previously established low.
Resistance is the market’s tendency to fall from a previously established high.
This occurs because market participants tend to judge subsequent prices against recent highs and lows.

What happens when the market approaches recent lows? Put simply, buyers will be attracted to what they regard as cheap.
What happens when the market approaches recent highs? Sellers will be attracted to what they view as either too high or buyers will look to lock in a profit.
Therefore, recent highs and lows are the yardsticks by which current prices are evaluated. There is also a self-fulfilling aspect to support and resistance levels. This happens because market participants anticipate certain price action at these points and act accordingly. As a result, their actions can contribute to the market behaving as they had expected.

However, it’s worth noting these three things:

Support and resistance levels do not present ironclad rules, they are simply a common consequence of the natural behaviour of market participants.
Trend-following systems aim to profit from the times when support and resistance levels break down.
Counter-trending styles of trading are the opposite of trend following—they aim to sell when there’s a new high, and buy when there’s a new low.
Did you know that you can see live technical and fundamental analysis in the Admirals Trading Spotlight webinar? In these FREE live trading sessions, taken three times a week, professional traders will show you a wide variety of technical and fundamental analysis trading techniques you can use to identify common chart patterns and trading opportunities in a variety of different markets.

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6. Trend-Following Forex Strategies
Sometimes a market breaks out of a range, moving below the support or above the resistance to start a trend. How does this happen? When support breaks down and a market moves to new lows, buyers begin to hold off. This is because buyers are constantly noticing cheaper prices being established and want to wait for a bottom to be reached. At the same time, there will be traders who are selling in panic or simply being forced out of their positions or building short positions because they believe it can go lower.

The trend continues until the selling is depleted and belief starts to return to buyers when it is established that the prices will not decline further. Trend-following strategies encourage traders to buy the market once it has broken through resistance and sell a market once they have fallen through support.

In addition, trends can be dramatic and prolonged, too. Because of the magnitude of moves involved, this type of system has the potential to be the most successful Forex trading strategy. Trend-following systems use indicators to inform traders when a new trend may have begun, but there’s no sure-fire way to know of course.

Here’s the good news: If the indicator can establish a time when there’s an improved chance that a trend has begun, you are tilting the odds in your favour to use the best Forex trading system. The indication that a trend might be forming is called a breakout. A breakout is when the price moves beyond the highest high or the lowest low for a specified number of days.

For example…. A 20-day breakout to the upside is when the price goes above the highest high of the last 20 days. Trend-following systems require a particular mindset, because of the long duration – during which time profits can disappear as the market swings. These trades can be more psychologically demanding. When markets are volatile, trends will tend to be more disguised and price swings will be greater. Therefore, a trend-following system is the best trading strategy for Forex markets that are quiet and trending.

A good example of a simple trend-following strategy is a Donchian Trend system. Donchian channels were invented by futures trader Richard Donchian, and is an indicator of trends being established. The Donchian channel parameters can be tweaked as you see fit, but for this example, we will look at a 20-day breakout.

A Donchian channel breakout suggests one of two things:

Buying, if the price of a market goes above the high of the prior 20 days.
Selling, if the price goes below the low of the prior 20 days.
Below is a daily chart of EURJPY showing the Admiral Donchian indicator set to 20 bars.

Trend Following Strategy using the donchian channel indicator
Source: Admirals MetaTrader 4, EURJPY, Daily chart (between 18 September 2018 to 31 May 2020). Accessed: 29 November 2023 – Please note: Past performance is not a reliable indicator of future results or future performance.
You can get the Donchian Channel indicator completely FREE in the Admirals Supreme Edition package. It’s called Admiral Donchian. To upgrade your MetaTrader platform to the Supreme Edition simply click on the banner below:

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There is an additional rule for trading when the market state is more favourable to the Forex trading system. This rule is designed to filter out breakouts that go against the long-term trend. In short, you look at the 25-day moving average (MA) and the 300-day moving average. The direction of the shorter moving average determines the direction that is permitted. This rule states that you can only go:

Short, if the 25-day moving average is lower than the 300-day moving average.
Long, if the 25-day moving average is higher than the 300-day moving average.
Trades are exited in a similar way to entry, but only using a 10-day breakout. This means that if you open a long position and the market goes below the low of the prior 10 days, you might want to sell to exit the trade and vice versa. Now let’s look at another system that could be the best trading strategy for you.

7. 4-Hour Forex Trading Strategy
One potentially beneficial and profitable Forex trading strategy is the 4-hour trend following strategy which can also be used as a swing trading strategy. This strategy uses a 4-hour base chart to screen for potential trading signal locations. The 1-hour chart is used as the signal chart, to determine where the actual positions will be taken.

Always remember that the time frame for the signal chart should be at least an hour lower than the base chart. For this Forex strategy, two sets of moving average lines are chosen for the best results. One will be the 34-period MA, while the other is the 55-period MA. To ascertain whether a trend is worth trading, the MA lines will need to relate to the price action.

In case of an uptrend, the conditions that need to be fulfilled include:

Price action is above the MA lines
The 34-MA line is above the 55-MA line
The MA lines are sloping upwards
In case of a downtrend, the following conditions need to be fulfilled:

Price action is below the MA lines
The 34-MA line is below the 55-MA line
The MA lines are sloping downwards
The MA lines will be a support zone during uptrends, and there will be resistance zones during downtrends. It is inside and around this zone that the best positions for the trend trading strategy can be found.

Below is a daily chart of GBPUSD showing the 34-exponential moving average (purple line) and the 55-exponential moving average (red line) on the chart:

4-Hour Forex Trading Strategy
Source: Admirals MetaTrader 4, GBPUSD, Daily chart (between 4 September 2018 to 31 May 2020). Accessed: 29 November 2023 – Please note: Past performance is not a reliable indicator of future results or future performance.
8. Counter-Trend Forex Strategies
Counter-trend strategies rely on the fact that most breakouts do not develop into long-term trends. Therefore, a trader using such a strategy seeks to gain an edge from the tendency of prices to bounce off previously established highs and lows. On paper, counter-trend strategies can be one of the best Forex trading strategies for building confidence, because they have a high success ratio.

However, it’s important to note that tight reins are needed on the risk management side. These Forex trading strategies rely on support and resistance levels holding. But there is also a risk of large downsides when these levels break down. Constant monitoring of the market is a good idea. The market state that best suits this type of strategy is stable and volatile. This sort of market environment offers healthy price swings that are constrained within a range. It’s important to note that the market can switch states.

For example, a stable and quiet market might begin to trend, while remaining stable, then become volatile as the trend develops. How the state of a market might change is uncertain. You should be looking for evidence of what the current state is, to inform you whether it suits your trading style or not and should be one of the Forex strategies you should be using.

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Many types of technical indicators have been developed over the years. The great leaps made forward with online trading technologies have made it much more accessible for individuals to construct their own indicators and systems, as we’ve gone through in these trading strategy guides.

You can read more about technical indicators by checking out our education section or through the trading platforms we offer. The best Forex trading strategies for beginners are the simple, well-established strategies that have worked for a huge list of successful Forex traders already. Of course, many newcomers to Forex trading will ask the question: Can you get rich by trading Forex? or: What is the best Forex strategy that always wins?

It’s important to understand that trading is about winning and losing and that there is always risk involved. In some cases, you could lose more than your initial investment on a trade. There are no easy Forex trading strategies which are going to make you rich overnight, so do not believe any false headlines promising you this. Trading Forex is not a ‘get rich quick’ scheme.

However, through trial and error and the use of a demo trading account, you can learn about the Forex market and yourself to find a suitable style. It can also help you understand the risks of trading before making the transition to a live account.

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Trading the Gap Forex Trading Strategy
rfxsignals February 2, 2021 No Comments

Forex Profit Matrix COG Master Strategy

COG Master Strategy

Trading Forex Using the Center Of Gravity Master Strategy

 

By // ForexProfitMatrix.com
Wesley Govender

 

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Follow the rules before for placing buy trades:

1. On the higher time frame (H4), wait for the FxCOGMaster H Histogram and Yellow SMA line to close below the Oversold line.
2. On the higher timeframe (H4), confirm that price is at or near the lower Green FxCOGMaster channel line.
3. If the above conditions are met, switch to the lower timeframe (H1).
4. On the lower timeframe (H1), wait for FxCOGMaster H Histogram to close above  the Yellow SMA Signal line.
5. On the lower timeframe (H1), wait for price to close above the 9 SMA on the price chart.
6. If the above conditions are met, enter a Buy trade at the open of the next candle.
7. Set your Stop Loss below the most recent swing low on the lower timeframe (H1).
8. Set your Take Profit the same distance away from the entry level as the stop loss (1:1 risk/reward ratio) or exit the trade manually when price touches the Blue middle FxCOGMaster line or the upper Green FxCOGMaster line.

 

# Important Notes :

We didn’t talk much about money management and stop placement, however, I want to leave you with some personal thoughts regarding those things. As a rule of thumb, don’t risk more than 2-5% of your account on any one trade and only have 1 trade open at a time.

This will reduce the number of losing trades that your account will incur at any one time. Each trade is its own bird so to speak and needs your full attention. You won’t end up having an over-exposed account either.

Imagine having 4-5 open trades at a time with a 5% risk per trade and all of them going bad. That’s a 20-25% loss on your account all at once.

On the flip side, if you only have 1 trade open at a max of 5% risk and it loses then you’ve only lost 5%.

For the stop placement we need to put our stops just beyond the most recent swing low or swing high with a target of 1:1 or better.

In the examples shown, the market moved substantially and it does often, but there are times when it does not so manage your trade properly and be aware that the big ones are right around the corner!

Well, there you have it folks! That is the essence of the FxCOGMaster and the FxCOGMaster H. As a side note, the FxCOGMaster H indicator is probably one of the best overbought/oversold indicators that I’ve seen and I am very happy to present it to you for your trading pleasure, enjoy!
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USDCHF Price Action Trading Strategy
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Advanced KST brooky-indicators

Advanced KST brooky-indicators

 

By brooky-indicators.com

 

The KST oscillator as developed originally by Martin J. Pring is well known and highly regarded in Stock Trading but not quite so within the Forex community.
It is unique in how it calculates with an uncanny ability to identify dominant cycles.

We have identified a way to make it more suitable for the high volatility markets  like Forex by limiting the effects of outlier candles, and have expanded it’s capabilities to run the algorithm over RSI (Relative Strength Index) and Stochastic all as options within one indicator.

In addition to this there is a separate indicator that mirrors the logic of the sub windows indicator and will draw the crossing of KST and Signal lines as support and resistance lines on your chart. Because of the cyclical algorithm in the indicators, the lines serve as important levels to consider in rallies and pullbacks. This is combined with alerts if desired.

The combination of the indicators gives a fantastic overview of what the dominant pressure is within the market and the KST on RSI and Stochastic further refine the main cycle to produce trade-able opportunities against supply and demand areas. The KST suite is particularly good at identifying major divergences well in advance.

 

Free Download Advanced KST brooky-indicators.rar :
Brooky_KST_Advanced_Analysis_V3.ex4
Brooky_KST_Advanced_Analysis_V3_Chart.ex4
#brooky_kst_blackbground.tpl
#brooky_kst_taupebground.tpl
#brooky_kst_whitebground.tpl
kst_MaChart_And_SubWin_Match.tpl
kst_stochasticChart_And_SubWin_Match.tpl
kst_RsiChart_And_SubWin_Match.tpl
User’s manual Pictures.

 

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USDCAD Price Action Trading Strategy
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Forbi simple Forex System

 

Forbi simple Forex System
By // simple-forex-trading.com

 

It uses only 2 custom indicators (my improved strategy) and 1 filter indicator to avoid trading in flat market.The stops of this forex strategy are very tight (depends on trading timeframe) and the profits are relatively high (from 3 to 10 times higher than stops). Etc. stops on H1 timeframe is 30 pips, average profit per trade 66 pips, and 94% success ratio.

There are 1000’s trading strategies, many of them are complex, have many filters and most of the strategies ends up being inefficient (generating too little signals and false signals). But this forex trading system is one of the few which a truly profitable – you will see it yourself.

 

Free Download Forbi Forex System.rar :
Forbi_system_momentum.ex4
Forbi_system_timing.ex4
Forbi-Moderate-Swing_and_Trend_trading_system-ARROWS.ex4
forbi_moderate_swing_and_trend.tpl
forbi_system_custom_indicators+arrows.tpl
ModerateSwingAndTrendTrading-Custom+Arrows.pdf

 

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1 Minute Bitcoin Trading Strategy: Mastering The Scalper’s Way
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traders secret library F9D1

 Traders secret library F9D1

By // Samuel Adegoke
traders-secret-library.com


Markets Traded
– Forex, GBP/JPY and EUR/GBP
Charts – Daily, 4 hour, 1 hour, 15 minute
Charting Software – Any
Indicators – 5 EMA, 10 EMA, 14 EMA, 21 EMA, 50 EMA

Pre-Trading System Actions :
The concept of this trading system is based on Exponential Moving Averages (EMA), Chart Analysis/ Reading and Patience. My trading system could work perfectly well on all the currency pairs, but I focused mainly on GBP/JPY and EUR/GBP. When planning my trade in the Pre-Trading System Actions, I put them on paper. I also consider the following steps:

1. I determine my lot size – it all depends on what my equity is at that time.
2. Write out my take profit on paper, this is something around 50 to 70 pips.
3. One currency pair at a time i.e. either GBP/JPY or EUR/GBP.
4. I start by looking at the 15mins, 1hr, 4hrs and Daily time frames for these  pairs.

These are the recommended time frames I use in my trading system. On my trading terminal, I concentrate only on the above specified currency pairs, it becomes mandatory to open all the time frames on the specified currency pairs and that’s where my success lies.

Take a look at the following charts below on the different time frames. This is how I open them and I insert my exponential moving averages, before going to place any trade order.

How to identify the Entry Point :
Whenever the 5, 10 and 14 EMA’s cross the 21 EMA upward it is a good signal to go long on the 1 hour time frame. I usually aim for between 40 and 60 pips. The same rule applies to short orders.

How to identify the Exit Point :
If after 4 hours, and all I could gather is just 20 to 30 pips, what I do next is to place my cursor on the last two candlesticks, i.e. candlesticks that were formed 2 hours behind the candle that is currently open.

I check the open value of these candlesticks and the open value of the present candlestick and if the difference is 5 to 10 pips, I know that it is time to exit the trade and wait for another opportunity.

 

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USDCAD Price Action Trading Strategy
rfxsignals February 2, 2021 No Comments

AFStar Trading System

AFStar Trading System

 

Time Frame: 30 min

Currency pairs: majors (example: EUR/USD, GBP/USD, AUD/USD, USD/CHF, USD/CAD, GBP/JPY, EUR/JPY,
AUD/NZD)

AFStar Forex System rules:

Long entry
Price touches or is below line D1 Support C , is between D1-H4 support C or below H4 support C.
Buy arrow AFStar indicator ;
RSI Petraus black line positive divergence
RSX green color
T3 2 color histogram dodger blue bar

Short entry
Price touches or is above line D1 resistance, is between D1-H4 resistance or above H4 resistance .
Sell arrow AFStar indicator
RSI Petraus black line negative divergence
RSX red color
T3 2 color histogram dodger red bar

Exit position at the pivot levels or profit target predetermined.
Initial stop loss at previous swing.

Free Download AFStar Trading System.rar :
afstar1.ex4
Corridor RSX.ex4
Divergence Petr.ex4
RD-PivotLines.ex4
support-resistance-4-hour.ex4
T3_2ColorHisto.ex4
AFStar Trading System.tpl
Manual.txt

 

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USDCAD Price Action Trading Strategy
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forex channel trading Renko System

Forexchanneltrading Renko System

 

By //  forexchanneltrading.com

 

The Forex Channel Trading method was developed as a easy to learn yet effective discretionary trading system. You can use it in Renko chart or without it. This is a “mechanical” based method with a clear set of rules for qualified trade entries. This training manual will cover the basic criteria needed to identify a properly qualified trade entry.

One of the primary rules of the FCT System is the need for price to trade into or through the red or blue channel zones. Once price trades into the upper red channel zone, or the lower blue channel zone, you are then eligible to start tracking for a trade entry signal. The upper red channel zone and above can be called the sell zone, and the lower blue channel zone and below can be called the buy zone. Price trading into one of the channel zones, or outside of the channel zones, sets up the initial qualification to for a possible trade signal.

As price trades into or through the channel zones we have our next requirement before we can have a valid trade entry signal. The FCT system requires a green candle close for a LONG trade signal and a red candle close for a SHORT trade signal.

For a BUY trade entry, from the blue channel zone or below, we must have a green candle close to trigger a trade signal. For a SELL trade entry, from the red channel zone or above, we must have a red candle close to trigger a trade signal. Once this basic criteria is met, for a BUY or SELL trade set up, then you can look to the lower indicators for final signal confirmation.

Free Download forexchanneltrading.rar :
FastTMALine.ex4
HeikenAshi3.ex4
Repulse 2.ex4
smFisherTransform3.ex4
TrendWave.ex4
fct1.tpl
FCTmanual1.tpl

 

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The Triangle Pattern Forex Trading System
rfxsignals February 2, 2021 No Comments

How To Make A Fortune Trading Scientifically

How To Make A Fortune Trading Scientifically

 

After combining all the components together and testing them, the result is this very profitable system. The system can be traded on a wide variety of currency pairs but in my own testing, I have found that it works best on the GBPUSD, EURUSD, USDJPY and the AUDUSD currency pairs. The system itself can be applied to all trading timeframes but based on the results of our tests we want to focus the majority of our trading on the timeframes that have performed the best. In particular, the H1 and H4 timeframes. Here’s a list of the indicators that we will be using

 Pivot Points indicator with default settings
 Exponential Moving Average set to 50
 MACD set to 8,17,9
 RSI set to 14 period
BUY TRADE RULES
1. The current price candle should be above the 50 EMA.
2. The MACD histogram should be above the zero level.
3. The RSI should be above the 50 line.
4. The entry is above a broken Pivot Points support or resistance line.
5. The Stop Loss is placed below the closest/next Pivot Point level.
6. The Take Profit is placed at the nearest Pivot Point level.

SELL TRADE RULES
1. The current price candle should be below the 50 EMA.
2. The MACD histogram should be below the zero level.
3. The RSI should be below the 50 line.
4. The entry is below a broken Pivot Points support or resistance line.
5. The Stop Loss is placed above the closest/next Pivot Point level.
6. The Take Profit is placed at the nearest Pivot Point level.

 

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Head and Shoulder, Double Top and Double Bottom Chart Patterns Strategy
rfxsignals February 2, 2021 No Comments

New Science of forex Trading-RapidTradeFinder

New Science of forex Trading

Rapid Trade Finder System
By // newscienceofforextrading.com
Toshko Raychev
LONG ENTRY RULES:
1. Cloud is colored Blue showing an uptrend going on at the moment.
2. Price falls towards the blue cloud and touches/penetrates it, or better closes in it.
3. Long entry is opened when white arrow appears.
4. Stop Loss goes a few pips below the entry white arrow.
5. Take Profit is set to 1 or 2 times the Stop Loss amount.
6. Or the Stop Loss can be trailed behind the lower cloud band until it is hit. 

SHORT ENTRY RULES:
1. Cloud is colored Red showing a downtrend going on at the moment.
2. Price climbs towards the red cloud and touches/penetrates it or better closes in it.
3. Short entry is opened when yellow arrow appears.
4. Stop Loss goes a few pips above the yellow entry arrow.
5. Take Profit is set to 1 or 2 times the Stop Loss amount.
6. Or the Stop Loss can be trailed behind the upper cloud band until it is hit. 

As you can see, this system is simple to use, yet very powerful and profitable.I enjoyed creating and using it and hope you will too. It works well with Price Action trading. This system is good for Binary Options too. Choose your broker by checking Binary Options brokers review.
You can use it on all currency pairs and timeframes, but try avoiding the high-impact news releases before entering your trades. 

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