BuySell Magic Indicator

The BuySell Magic indicator is a complete forex trading system for the lower time frames and consists of 2 technical indicators.

It’s highly recommended to use this system only during the more volatile trading sessions, London and US.

An green/red arrow indicator is the main signal generator of this system. Let’s take a closer look at how it works.

Chart Setup

Used indicators: buysellmagic01.mq4, buysellmagic02.mq4
Preferred time frame(s): M1, M5, M15, M30
Trading sessions: London and US session, don’t trade on holidays and before key economic news events
Currency pairs: any

Download

Download The BuySell Magic indicator.

Example: EUR/USD M15 Chart

buysell-magic-forex

The figure above is an example of the indicator system in action on the 15 minute Euro/US Dollar chart.

It shows how easy it is to enter and exit trades for a profit, just follow the green buy and red sell arrows on the chart.

In this case, 4 signals were issued for a total profit of 160 pips.

Trading Rules

Buy conditions:

  • Buy Sell Magic paints a green arrow + screen alert = buy signal

==> Open buy trade. Buy Sell Magic calculates the stop-loss for you and displays it in the popup alert screen. Alternatively, keep you stop-loss tight and place it just below the grey dotted line (support).

Trade exit (TP): (1) Set your own profit target, for example 25 pips, do not wait for an opposite trading signal issued by the buysell magic indicator. (2) Wait for an opposite trading signal (sell signal) to close the long trade.

Sell conditions:

  • Buy Sell Magic paints a red arrow + screen alert = sell signal

==> Open short trade. Buy Sell Magic calculates the stop-loss for you and displays it in the popup alert screen. Alternatively, keep you stop-loss tight and place it just above the grey dotted line (resistance).

Trade exit (TP): (1) Set your own profit target, for example 35 pips, do not wait for an opposite trading signal issued by the buysell magic indicator. (2) Wait for an opposite trading signal (buy) to close the short trade.

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