Forex trading system "The Bible Forex System"
Added: 2011-09-09 13:12:14 by Dexter
Learn to trade the trend using the Bible Forex System
This strategy should work well long term with this system and does bring in a good amount of pips per month. One can start trading at 6 am EST and wait till the trades are found. Usually within 3 hours, you are done. At all times, one should follow the trading rules as a trader that is consistent in his rules is a successful trader.
Categories: Technical, Trend Following, Metatrader Only
Timeframes: 1 Hour
Currency pairs: EURUSD, GBPUSD
Trading sessions: 6 AM EST
Vice versa, we open a buy order when the HMA indicator, the Fisher_m11 indicator, and the FlatTrend indicator are showing blue colors as shown in the following picture.We open a sell order when the HMA indicator, the Fisher_m11 indicator, and the FlatTrend indicator are showing pink colors.
The takeprofit and the stoploss are described in the following exit rules.
The trade will exit by itself after we set the takeprofit to 40 pips or close at a loss or profit if the signal is in the reverse direction as shown in the following picture.
The Flat Trend indicator helps to filter away the sideway market so that it has a higher probability rate of winning.
Patience is required to wait for the trades as the rules are only created for trending market.
Metatrader 4 chart template files