The buy and sell forex trading strategy can be used to scalp the market for consistent profits. One of the selling points for this strategy is in its ability to accurately predict buy and sell opportunities in the market.
The strategy combines two very potent technical studies, the FA and the emas custom indicators. It combines arrows red and lime , along with histograms red and lime in reporting sell and buy signals respectively.
The emas custom indicator on the other hand forms green vertical bars within its indicator window, a sign that price is being pressured upwards i. Stop Loss for Buy Entry: Watch out for the Four Average custom indicator, if it displays a red downward pointing arrow along with red histograms aligned below the 0. If the emas custom indicator forms shorter orange bars within its indicator window, thus signaling a range bound market with the possibility of a breakout — it is wise to exit or take profit at this instance.
Sell Entry Rules Enter a sell in the market if the following indicator or chart pattern are on display: If the Four Average custom indicator forms a red downward pointing arrow that is placed above price bars, while also displaying red histograms that are aligned below the 0. The emas custom indicator is said to support a bears market when its vertical bars turns red as seen on Fig. Stop Loss for Sell Entry: If the Four Average custom indicator displays a lime colored upward pointing arrow amidst an existing sell signal, while its histogram also changes color to green aligned above the 0.
If the emas custom indicator forms orange colored shorter bars, it reveals weak volatility in the market or a range bound situation — an exit or take profit is appropriate. Click Here to Leave a Comment Below 0 comments. Start making pips today: We always respect your privacy at Dolphintrader.More...