Forex profit Matrix System is a Forex trading strategy that is developed to trade in the foreign exchange market. This trading system can be used by all kind of traders since it works from 1 minute to daily time frames. This trading system can be used by both amateur traders and experienced traders. Forex Profit Matrix System is a one of a kind system which is very easy to understand and achieve a very high success rate with. If you’re looking for the best Forex system, you’re definitely in the right place because Forex Profit Matrix system is one of the great systems you will ever find.This system is user-friendly, practical and simple. There are only TWO types of entry rules – the buy and sell entry. The system works on all time frames from the 1 Minute (M1) to Daily (D1). Unlike other systems, you will have the power to choose your preferred timeframe which you think works best for you. For the beginners the 1 Hour (H1) timeframe is recommended during volatile sessions and the 15 Minute (M15) timeframe during quieter sessions. This system is profitable for different types of trading strategies. You can be a scalper, a day trader or a swing trader when using the system – you can decide. When the systems are installed correctly in to your trading platform, you trading screen should look like this:
This system consists of four technical tools. Let us discuss about them.
- Trend Booster: The Trend Booster indicates when a trade is most likely to take place. This indicator also changes in color. We have three colors to watch out for with the Trend Booster namely: blue, red, and light grey. The indicator will turn Blue when the market is bullish and indicates that there’s a possible long trade, Red when the market is bearish and there’s a possible short trade, and Grey when the market trend is neutral – unlikely to go up or go down.
- Heiken Matrix: The Heiken Matrix is a smoothed and customized version of the Heiken Ashi indicator and is the 2nd step to confirm the entries. This indicator also changes in color – it can turn from blue to red or vice versa. The Heiken bars will appear Blue when the trend is moving up. It will turn Red when the trend is moving down. Blue Heiken Matrix bars will give you a signal for a buy entry while Red Heiken Matrix bars give a signal for a sell entry.
- Forexometry: The Forexometry indicator will show the points at which price could breakout or reverse. This will show you the Daily Pivot and Support & Resistance points that can be used as potential targets and support/resistance levels. The indicator will illustrate seven (7) levels. There are three (3) resistance levels, one (1) pivot level, and three (3) support levels. It will supply you the various levels to exit from a trade when using the system.
- Bollinger Bands: The Bollinger Bands is a technical volatility indicator developed by John Bollinger. These bands are plotted two standard deviations away from a simple moving average. Bollinger Bands consist of three lines: a center line and two price channels above and below the center line (upper and lower bands). The center line is the simple moving average and the price channels are the standard deviations of the currency.
- Moving Average: Two smoothed moving averages are used in this system. Aqua colored moving average is a 55 period moving average whilst the yellow colored moving average is a 200 period moving average.
Buying Conditions Using Forex Profit Matrix System.
- Price should be above the 200 SMA (yellow).
- Price should be above the 55 SMA (aqua).
- Heiken Matrix should be blue in color.
- Trend Booster should be blue in color.
- Price should be above the middle moving average of the bollinger band.
- Place your stop just below the recent swing low.
- Take your profits as soon as the Trend Booster turns to red.
Selling Conditions Using Forex Profit Matrix System.
- Price should be below the 200 SMA (yellow).
- Price should be below the 55 SMA (aqua).
- Heiken Matrix should be red in color.
- Trend Booster should be red in color.
- Price should be below the middle moving average of the bollinger band.
- Place your stop just above the recent swing high.
- Take your profits as soon as the Trend Booster turns to blue.
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