A complete trading system made up of only 1 Metatrader 4 indicator.
The indicator gives you possible real time buy and sell signals along with possible take profit levels based on pivot points and calculated support/resistance levels.
Chart Setup
Indicators: anchorfxsignals
Preferred time frame(s): 60 minute
Trading sessions: Any
Preferred Currency pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD, USD/CAD, USD/CHF, GBP/JPY, EUR/JPY
Download
Download the 60 Min Forex Signals Trading System for Metatrader 4.
USD/JPY Hourly Chart
The chart above shows you a possible buy trade on the US Dollar/Japanese Yen. USD/JPY trades above the Pivot Point + Long Possible signal + Power above 100 suggests BUY trade.
Take profit at Resistance 1, Resistance2,…
Trading Rules
Buy Rules:
- Price trades above the Pivot level.
- Wait for anchorfxsignals indicator “Long Possible” signal to appear (bullish trend)
- Power above 100 (strong trend)
Open buy order. Place stop at the previous swing low or according to your own preferences.
Possible Target Levels: Resistance 1, Resistance 2, Resistance 3
Sell Rules:
- Price trades below the Pivot level.
- Wait for anchorfxsignals indicator “Short Possible” signal to appear (bearish trend)
- Power above 100 (strong trend)
Open sell order. Place stop at the previous swing high or according to your own preferences.
Possible Target Levels: Support 1, Support 2, Support 3