Zig Zag Forex Trading System

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 trade, just take a look below how it works and download the system if you like it.

Chart Setup

Used indicators: 100 period simple moving average, NonLagZigZag, octopus_1
Preferred time frame(s): 5 minute chart and higher
Trading sessions: London and New York for M5 chart. Any session for M15 chart and higher.
Best currency pairs: any

Download

Download The Zig Zag Forex Trading System.

Example: EUR/USD 15 Minute Chart

zig-zag-forex-trading-system

Take a look at EUR/USD price chart above (click the image to enlarge), this is a really effective, yet easy to trade forex system. The zig zag fx system provided us with 3 trades, 1 buy trade and 2 sell trades. All trades ended up profitable. Take some time to learn the trading rules below and practice on a demo account first.

Trading Rules

Buy:

  • Price trades above the 100 SMA
  • Octopus_1 trendbars green color
  • Price breaks above the previous zig zag indicator high peak

==> Open buy position 1 pip above the previous zig zag indicator high peak price.

Stop-Loss: Place a protective stop-loss 1-2 pips below the most recent support level.

Price Target: Exit the buy trade at risk-to-reward 1:2 or better.

Sell:

  • Price trades below the 100 SMA
  • Octopus_1 trendbars red color
  • Price breaks below the previous zig zag indicator low peak

==> Open sell position 1 pip below the previous zig zag indicator low peak price.

Stop-Loss: Place a protective stop-loss 1-2 pips above the most recent resistance level.

Price Target: Exit the sell trade at risk-to-reward 1:2 or better.

Download The M1/M5 Forex Scalping Strategy Today!

This Incredible High Win Forex Scalping Strategy Will Trigger Only When There Is An Extremely High Chance Of A New Profitable Low Risk Trade To Take Place.

What are you waiting for? Start making pips today:

  • Up To 100 Pips Every Day
  • Works on all forex pairs and Bitcoin!
  • Low Risk Forex Scalping
  • Works on M1, M5 and UP