TW System makes use of a variety of momentum and shifting common based mostly indicators as a way to type a sophisticated pattern following foreign currency trading technique. This technique intently screens the market traits, plots the commerce alerts throughout the pattern instructions and in addition produces exit alerts for its customers.
TW System lets you decide any foreign exchange forex pair you prefer to commerce whereas available in the market. Furthermore, this method matches with all types of timeframe charts throughout the Metatrader 4 buying and selling platform.
Desk of Contents [present]
TW SYSTEM OVERVIEW
After the set up of the TW System in your MT4 terminal, your buying and selling chart will appear as if the next picture:
TW SYSTEM ANATOMY
Snake & T3 Shifting Common: These two indicators intersect with one another and produces crossover alerts. Snake strikes above the T3 Shifting Common signify the bullish crossover and an reverse situation will likely be thought of because the bearish crossover sign.
Help/Resistance & Pivot Customized: Each of those indicators work to outline the occasion areas of the market. Help/Resistance ranges are plotted for short-term buying and selling and Pivot Customized for intraday and longer-term buying and selling functions.
AFL Winner: AFL Winner is a momentum indicator used to point the overbought/oversold situations of the market. Its worth close to 11 represents the oversold situations of the market and if reaches close to 95 then thought of because the overbought situation of the market.
Development Session, xSuper Development & FSP: All these three indicators work in the identical method to determine the market traits. All of the bars of those indicators flip into yellow when the pattern is bullish and transforms into pink as a way to sign the bearish momentum of the market.
TW SYSTEM: TRADE CONDITIONS
Snake strikes above the T3 Shifting Common
Value is supported by the decrease Help/Resistance or the Pivot Customized ranges
AFL bounces upwards from its oversold degree
Development Session, xSuper Development, and FSP flip into yellow on the identical time
Purchase triggers when the entire above situations are met
Set cease loss beneath the Present Help/Resistance degree
Exit lengthy at any time when Snake and T3 Shifting Common plot the bearish crossover sign
Snake strikes beneath the T3 Shifting Common
Value is resisted by the higher Help/Resistance or the Pivot Customized ranges
AFL drops downwards from its overbought degree
Development Session, xSuper Development, and FSP flip into the pink on the identical time
Promote triggers when the entire above situations are met
Set cease loss above the Present Help/Resistance degree
Exit quick at any time when Snake and T3 Shifting Common plot the bullish crossover sign