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Hello Fellow Traders,
My system is actually based on the strength and weaknesses of individual indexes.
You will need to download the MetaTrader software "sig trader" who provide index data eg. eurlfx, gbplfx, etc.
Please note this is a simple trading method so please don't complicate it too much and also if you don't have patience then this is not the system you are looking for. I am a swing trader so i have never tried this method on scalping but you are free to experiment.
So now coming to the method and the basic indicators you would need.
1) Macd, please download the one i am attaching here.
2) RSI (3) (Courtesy Lawgirl, do visit that thread) Custom Lawgirl trend display indicator. download it here
http://www.forexfactory.com/showthre...92#post4127792
3) Filter line
Ok now let's talk about the setup, there is some initial work involved but its worth it.
Firstly we have 8 individual currency indexes which are and these eight currencies can be paired in 56 different ways. I use two different meta traders.
In one of the MetaTrader, i have created profiles that contain 7 pairs pertaining to every currency index.
Example for EURLFX the profile consists of EURGBP,EURUSD,EURAUD,EURCAD,EURNZD,EURJPY,EURCHF.
GBPLFX the profile consists of GBPUSD,EURGBP,GBPAUD,GBPCAD,GBPNZD,GBPJPY,GBPCHF
similarly create currency profiles for every currency. The images below shall give you a clear understanding.
We recommend you to read post 1703 on page 114
Thank you so much for all the support given by each one of you.
www.forex-mechanics.com
UPDATE NOVEMBER 2019
Learn more about currency strength and weakness
Follow on Social Media
Instagram - Forexmech
Twitter - Forexmech
Skype - Forexmech
Subscribe to us on
www.forex-mechanics.com
Thanks
Capito
Join our telegram channel @ t.me/forexmechanics
Hello Fellow Traders,
My system is actually based on the strength and weaknesses of individual indexes.
You will need to download the MetaTrader software "sig trader" who provide index data eg. eurlfx, gbplfx, etc.
Please note this is a simple trading method so please don't complicate it too much and also if you don't have patience then this is not the system you are looking for. I am a swing trader so i have never tried this method on scalping but you are free to experiment.
So now coming to the method and the basic indicators you would need.
1) Macd, please download the one i am attaching here.
2) RSI (3) (Courtesy Lawgirl, do visit that thread) Custom Lawgirl trend display indicator. download it here
http://www.forexfactory.com/showthre...92#post4127792
3) Filter line
Ok now let's talk about the setup, there is some initial work involved but its worth it.
Firstly we have 8 individual currency indexes which are and these eight currencies can be paired in 56 different ways. I use two different meta traders.
In one of the MetaTrader, i have created profiles that contain 7 pairs pertaining to every currency index.
Example for EURLFX the profile consists of EURGBP,EURUSD,EURAUD,EURCAD,EURNZD,EURJPY,EURCHF.
GBPLFX the profile consists of GBPUSD,EURGBP,GBPAUD,GBPCAD,GBPNZD,GBPJPY,GBPCHF
similarly create currency profiles for every currency. The images below shall give you a clear understanding.
We recommend you to read post 1703 on page 114
Thank you so much for all the support given by each one of you.
www.forex-mechanics.com
UPDATE NOVEMBER 2019
Learn more about currency strength and weakness
Inserted Video
Follow on Social Media
Instagram - Forexmech
Twitter - Forexmech
Skype - Forexmech
Subscribe to us on
www.forex-mechanics.com
Thanks
Capito
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