The zig zag trading system consists of 3 simple forex indicators and is designed to trade breakouts in the overall direction of the currency trend, which is determined by a simple moving average. A special zig zag indicator is used to trade the market breakout itself. The concept is very simple to understand and to […]Continue reading
Take advantage of the New York trading session with the 30 min NY open forex strategy. Use this strategy on the GBP/USD and EUR/USD currency pair. Chart Setup Indicators: !De_Munyuk Preferred time frame(s): 30 min Trading sessions: New York Open Preferred Currency pairs: EUR/USD, GBP/USD Download Download the 30 Min New York Open Forex Strategy […]Continue reading
The GBP/USD box method takes advantage of the London open session. Draw the box, wait for the breakout and then set your stop-loss and profit target accordingly. There is no need to keep monitoring your charts. Chart Setup Indicators: 4 Sessions (optional) Preferred time frame(s): 15 Min chart Trading sessions: N/A Preferred Currency pairs: GBP/USD […]Continue reading
Markets often reverse at major support and resistance levels. We look for possible reversal buy signals near major support levels. On the contrary, we look for reversal sell signals near major resistance levels with small stop-losses for both trade setups. Let’s get right into this forex reversal strategy. Chart Setup Indicators: Support and Resistance Metatrader […]Continue reading
The 123 Forexpatterns indicator identifies bullish and bearish price breakout zones. A blue horizontal line represents a bullish breakout price. A red horizontal line represents a bearish breakout price. Trading Signals BUY: Buy when the price breaks above the blue line. SELL: Sell when the price breaks below the red line. Download Download the 123 […]Continue reading
The Breakout Zones indicator draws short-term support and resistance horizontal lines on the trading charts. Use it on timeframe’s up to the daily charts. It works on all currency pairs. Trading Signals BUY: Wait for the price to close above the resistance line. SELL: Wait for the price to close below the support line. Use […]Continue reading
The Volatility indicator measures price fluctuations over a certain time period based on high-low prices. It can help forex traders looking for potential breakout trades. The indicator works for every currency pair. General Assumptions Low volatility: Look for market breakout opportunites. Download Download the Volatility Metatrader 4 indicator. EUR/USD Daily Chart ExampleContinue reading
The Barry Support and Resistance MT4 indicator visualizes support and resistance levels on the charts. Blue colored dots suggest support. Red colored dots suggest resistance. It works on all currency pairs and for all time frame’s. General Assumptions Buy a close above resistance in up trending markets. Place stop-loss below previous support. Sell a close […]Continue reading
This indicator is only designed to trade 5 day high low price breakouts. It draws two lines – 5 day high price and 5 day low price. Trading Signals BUY: Buy a close above the 5 day high price. SELL: Sell a close below the 5 day low price. Download Download the Breakout 5-Day HL […]Continue reading
The FractalTrend indicator draws support and resistance trend lines on the Metatrader 4 charts. It’s based on fractals. The indicator works for all time frame’s and pairs. Trading Signals BUY: Buy if the currency pair breaks and closes above the upper trend line (resistance). SELL: Sell if the currency pair breaks and closes below the […]Continue reading
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