Forex Cloud System

The forex cloud system is based on a cloud indicator which follows the trend and an oscillator which is generating the buy and sell entry signals. Let’s take a look how this system works.

Chart Setup

Used MT4 indicators: ForexCloud.ex4 (default settings), laguerre.ex4 (default settings)
Preferred time frame(s): 5 min charts and up
Recommended trading sessions: London and US for M5, M15 and M30 charts. Any session for H1, H4 and D1.
Currency pairs: Any + gold

Download

Download The Forex Cloud System.

Example: USD/JPY 1 Hour Chart

forex-cloud-system

The 1 hour trading chart above is an example of the forex cloud system in action on the USD/JPY pair. The chart shows our proposed short entries (7), no valid buy signals. To protect your short position, place the initial stop-loss just above the red cloud.

Trading Rules

Buy trade:

  • Price above the green forex cloud
  • Laguerre oscillator crosses 0.15 upward. The indicator must have reached 0.0 first (extremely oversold)

==> Open long trade. Set stop-loss 1 pip below the green forex cloud.

Take profit: Take profit at risk-to-reward 1:2 or higher. Alternatively, trail your original stop-loss up just below the green cloud (this works great in big trends).

Sell trade:

  • Price below the red forex cloud
  • Laguerre oscillator crosses 0.75 downward. The indicator must have reached 1.05 first (extremely overbought)

==> Open short trade. Place your stop-loss 1 pip above the red forex cloud.

Take profit: Take profit at risk-to-reward 1:2 or higher. Alternatively, trail your original stop-loss down just above the red cloud.

No trade:

  • Price trades inside the cloud indicator.

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