Forex system for can use any Currency pairs or gold trading but very power full for eurusd Gbpusd usdchf and usdjpy. This system very usefull for special jpy all pairs.
Best session and most accurate signals you can get in uk session. All time farm you can use this but H1 and H4 or Day best for long trading and short trading for 30 pips or 15 pips you can use m15 and m30. You Trad when morning uk session start see terminal when all trend show you same buy or sell then you can enter into market with complete stop loss and take profit this system best for long term trading. This strategy have 60 indicatores and one templete .
Now i show you some picture. You can downloading Indicator and template file. Download Ranko street system v 2. Forex Pops site provide forex Quality education and tools for help all beginners. We are provide just information related topic. As you can see, we have all the components of a good forex trading system.
First, we’ve decided that this is a swing trading system, and that we will trade on a daily chart. Next, we use simple moving averages to help us identify a new trend as early as possible. The Stochastic help us determine if it’s still ok for us to enter a trade after a moving average crossover, and it also helps us avoid oversold and overbought areas. The RSI is an extra confirmation tool that helps us determine the strength of our trend. After figuring out our trade setup, we then determined our risk for each trade. For this system, we are willing to risk 100 pips on each trade. Usually, the higher the time frame, the more pips you should be willing to risk because your gains will typically be larger than if you were to trade on a smaller time frame.
Next, we clearly defined our entry and exit rules. At this point, we would begin the testing phase by starting with manual back tests. If we went back in time and looked at this chart, we would see that according to our system rules, this would be a good time to go long. To backtest, you would write down at what price you would’ve entered, your stop loss, and your exit strategy.
Then you would move the chart one candle at a time to see how the trade unfolds. In this particular case, you would’ve made some decent pips! You could’ve bought yourself something nice after this trade! You can see that when the moving averages cross in the opposite direction, it was a good time for us to exit. Of course, not all your trades will look this sexy. Some will look like ugly heifers, but you should always remember to stay disciplined and stick to your trading system rules.
We can see that our criteria is met, as there was a moving average crossover, the Stochastic was showing downward momentum and not yet in oversold territory, and RSI was less than 50. At this point, we would enter short. Now we would record our entry price, our stop loss and exit strategy, and then move the chart forward one candle at a time to see what happens. As it turns out, the trend was pretty strong and pair dropped almost 800 pips before another crossover was made!