Forex octopus system
How the System works :
This system provides the signals formed by the interaction of 3 Exponential Moving Averages (EMA) and 2 Indicators named Octopus 1 and Octopus 2. Octopus 1 and Octopus 2 Indicators serve as filters to block the false signals.
Octopus 2 also gives the signals for closing the orders. The system is highly effective on any currency pair. Besides, it is very flexible as any trader with some trading experience can extend the terms of opening and/or closing orders. It may help you to increase the obtained profit. Thus, the system can be used by the trader with any qualification.
We recommend start trading with only few currency pairs. If you are a Forex beginner take 2 or 3 pairs, if you are an advanced trader, feel free to take 5-8 currency pairs. And if you are an experienced trader, the amount of pairs is unlimited. Take as much as you can handle.
About Take Profit and Stop Loss :
The price movements on different pairs can vary from 20 to 500 pips, that is why we do not recommend using fixed Take Profit as it may reduce your gains. Still, if you are an experienced trader you can take your own decision about using fixed Take Profit on certain pairs. The same idea is applied for the fixed Stop Loss using.
The better results are achieved if you close the orders following the octopus_2 indicator signals. Fixed Stop Loss may interfere into the potentially profitable trade. Though, it is not the strict rule. If you decide to use Stop Loss please see the following recommendations:
Sell orders – Stop Loss may be placed 5-7 pips above red EMA
Buy orders – Stop Loss may be placed 5-6 pips below red EMA