Crypto Trading System

Posted on May 25, 2023 by fxl fxl

Crypto Trading System

Crypto Trading Indicator is a Crypto MT5 Indicator FREE to Download. As the popularity of cryptocurrencies continues to grow, traders are seeking innovative and reliable ways to improve their trading strategies. One such technique is the Crypto Trading System, a trend-following trading system explicitly designed for crypto and volatility currency pairs. This system capitalizes on the crossover of moving averages in the direction of the trend and employs various filters to ensure accurate trading signals. This article will delve into the Crypto Indicator System, its components, and the two variations for traders.

Core Components of the Crypto Indicator System

01.Moving Averages – The system relies on the crossover of the fast and slow-moving averages, which helps identify the trend direction. The fast-moving average reacts more quicker to price changes, while the slow-moving average provides a more stable trend indicator.
02.MTF Parabolic SAR – This indicator is used as a filter to confirm the trend direction. The Multi-Time Frame (MTF) Parabolic SAR allows traders to visualize the trend across different time frames, further bolstering the strategy’s accuracy.
03.MACD Flat – The Moving Average Convergence Divergence (MACD) Flat filter helps to identify periods of market consolidation or sideways movement, allowing traders to avoid false signals.
04.Awesome Oscillator – Positioned below the chart, the Awesome Oscillator is an additional filter used to gauge market momentum and confirm trade signals.

This Crypto Indicator System is entirely manual. The indicators produce the signals, but any decisions to enter the market and set protection or profitable exit stops will depend on the trader. Therefore, the trader must be familiar with the principles of risk and reward and use initial support and resistance areas to set entries and exits.

Crypto Trading Indicator can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, practicing trading on an MT5 demo account can be beneficial until you become consistent and confident enough to go live.

Trading rules for this Crypto Trading Indicator

Remember to tighten your Stop Losses around High Impact News Releases or avoid trading at least 15 minutes before and after these events when using this Crypto Trading Indicator.

As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility, beyond major sessions, exotic currency pairs, wider spread, etc.