Forex King Trading System Forex
Forex King Description :
It is time to radically change your Forex trading style! Probably, you have already searched for that very magic strategy, and you have discovered millions of sellers who promise billions, but in the end you received a low-quality product and, as a result, again completely drained your entire deposit. Perhaps you studied the theory of trading on Forex, but hopelessly drowned in thousands of articles, hundreds of indicators and dozens of strategies?
Forex King Trading System – Become the King of the Market! What do you get?
Inside the kit there are:
All the necessary indicators and a ready-made template.
Installation instructions for MT4 terminal.
Detailed description of the system and settings.
Examples of system entries on a real chart.
Author’s recommendations on trading on the news.
Recommendations on the use of support and resistance levels.
Bonus: an indicator of candlestick patterns for filtering signals.
Bonus: an indicator for VSA analysis and a description of its signals.
Links to useful resources on the Internet.
Exclusive discounts on other author strategies. And much more!
The system is very flexible:
The strategy is intraday.
Suitable currency pairs, any, but preferably majors – EUR / USD, GBP / USD, USD / JPY, USD / CAD, AUD / USD and other pairs with the American dollar.
Suitable timeframes: M15, M30, H1, H4.
Type of trade: moderate.
What do the signals look like?
Due to its visibility and information content, this strategy is surprisingly easy to use, and can be used by both an experienced trader and a novice. Look at the real price chart ( see Photo 1 , Photo 2 and Photo 3 ) for entry points.
Do not forget that the system comes with detailed instructions for determining entry and exit points. Therefore, you will know where and when to conclude transactions, you can find entry and exit points. You will have a clear action plan for trading, which will finally give you the opportunity to make a profit.
All you need to do is to monitor the changes in the indicators, and open deals on time! Take advantage of the acquired knowledge and change your life for the better.
1) Ichimoku
A classic indicator that combines several approaches to market analysis and is designed to identify trends, support lines and resistance and generating buy / sell signals. In this strategy we will use parameters 7, 42, 52 instead of the standard ones. Market entry carried out depending on the position of the current price relative to Ichimoku blue line indicator
2) GANNHILO-HISTO
An additional trend indicator for filtering signals. Entrance to the market is carried out depending on the color of the bar graph in the bottom parts of the graph.
3)GG-RSI-CCCI1
Another trend indicator for filtering signals. Market entry carried out depending on the color of the bar graph in the lower part graphics. As with the previous indicator, the Forex King strategy standard parameters for this indicator are used.
System description
Suitable currency pairs:
Any, but preferably majors – EUR / USD, GBP / USD, USD / JPY, USD / CAD, AUD / USD and other pairs with the American dollar.
Suitable time frames:
M15, M30, H1, H4 (we do not recommend trading on the M5 or M1 timeframe due toa lot of false signals!)
Attention! Orders must be opened on the next candle after fixing signal (the coincidence of all conditions described below), because some indicators can be redrawn on the current candle .
Conditions for opening a buy order:
• The price is above the blue line of the Ichimoku indicator
• Blue GannHiLo-Histo Bar Graph
• Blue bar graph GG-RSI-CCI1 (all conditions must be met at the same time!
Conditions for opening a sell order:
• The price is below the blue line of the Ichimoku indicator
• Red bar graph GannHiLo-Histo
• Red bar graph GG-RSI-CCI1
(all conditions must be met at the same time!)
Close position:
• Take profit
• When an opposite signal from the lower indicators appears (GannHiLo-Histo and GG-RSI-CCI1).
• Trend reversal on higher timeframes. It is advisable to use stop loss and take profit (at the next levels minimum / maximum) or trailing stop (optimally 15 points). When testing the EUR / USD strategy on M30, take profit 300 was used pips and stop loss of 50 pips.
Trading on the news
It is recommended to suspend trading for half an hour before leaving and after news release on the currency in a pair. For your convenience, at the beginning of the trading day, save yourself a list of important news on Today. The Investing.com website will help you with this: http://www.investing.com/economic-calendar
Using candlestick analysis
A bonus to this system is the Candlestick indicator, designed to analysis of the most common candlestick patterns. Possession of candlestick analysis will help the trader make the right decision and gain an advantage over other market players in situations where technical indicators cannot give an unambiguous answer. The Candlestick indicator automatically indicates all popular patterns, for example, hammer, harami, hanged, bull / bear absorption, dark clouds, penetrating lines, evening and shooting star, etc
Using VSA Analysis
Volume analysis in the Forex market is used by professionals, therefore, how in addition to our strategy, you can use the Better Volume indicator (Install the “BetterVolume 1.5a Alerts mod.ex4” file in the same way). Using this indicator, you can not only track the volume, but also analyze market trends . The indicator colors the columns in different color, depending on the market situation and serves primary signals to certain actions:
Mother of pearl color. Large volume and bullish (rising) candle with a large range. Appears at the beginning and end of uptrends, and during correction in the bearish (descending) market.
Orange color. Large volume and bearish (descending) candle with a large range. The signal appears at the beginning and at the end of downtrends, as well as during correction in a bull (growing) market.
Blue. Large volume on a candle with a small range. Occurs in the end of trend movements (market makers “dump” their positions simply traders who will ultimately suffer losses as they enter the market at the very end of the trend, just before its reversal), as well as during fixation arrived in the middle of the trend (on correction).
Magenta color. Large volume on a group of candles with large and small range. It occurs very rarely and usually on corrections.
Red color. Candles with a small teak volume. Usually formed at the end trends and during corrections.
When there are no signals, the indicator shows white columns.
Forex King Settings :
Forex King Results :
Results. Forex King Trading System – Become the King of the Market
The inputs are absolutely real, you can check them on the history.
