Fxovereasy system is a forex trading strategy. The name itself of the system suggests that the system is very easy to trade. Fxovereasy is obviously an easy to understand forex trading strategy. The clean and simple chart is what this strategy is about. Although the Fxovereasy system is very easy, it is a very powerful forex trading tool for both the newbies and the professionals. Fxovereasy system can be used to trade in any time frame with any currency pairs. Having simple and powerful trading tools in your handy doesn’t mean that it will guarantee success in trading career because there are other significant aspects of trading which are responsible for generating consistent results over long period of time. Fxovereasy system requires high level of self discipline and patience to trade effectively with it. When you use this system you basically swing trade. Swing trading opportunities are not always present in any given situation. One must wait patiently for the right time.
Fxovereasy system basically draws the automatically on the main chart. There are three parallel lines which makes them a channel. On the indicator window you can see Laguerre indicator which moves in both positive and negative territory. At the bottom of the chart there is i_Trend indicator which consists of two oscillators. There is entry signals generated based on the crossovers of these two oscillators. When the fxovereasy system is correctly loaded on your trading platform, your chart should look like this:
Channel in fxovereasy system consists of three trend lines. The upper trend line is TL1, the one at the bottom is TL2 and the one at the middle is MIDL.
Laguerre consists of an oscillator. Basically you sell when the oscillator is above 0.75 level and buy when the oscillator is below 0.15 level.
i_Trend Consists of two oscillators of green and red color. The crossovers of these two oscillators help us to confirm our trading decisions.
Buying Conditions Using Fxovereasy System.
- Price should touch the lower trend line (TL2) of the channel.
- Laguerre oscillator should be rising higher from the 0.15 area.
- The green oscillator of i_Trend should cross above red oscillator.
- Place your stop just below the recent swing low.
- Take your profit when the price touches the upper trend line (TL1) of the channel.
Selling Conditions Using Fxovereasy System.
- Price should touch the upper trend line (TL1) of the channel.
- Laguerre oscillator should be falling lower from the 0.75 area.
- The red oscillator of i_Trend should cross above green oscillator.
- Place your stop just above the recent swing high.
- Take your profit when the price touches the lower trend line (TL2) of the channel.
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