This is one of the most profit making strategies for the traders with the ECN accounts. However this trading system is preferably perfect when used on the majors. Also the trader is supposed to use the 1M timeframe. Then the currency pair chosen should at maximum have a spread of 15.
The template of this system comes with default settings of using bar charts. But it is always good to change that into candlesticks. However if you are good with the bar charts then there is no need of changing.
The Action Trade Trading System is based on the use of several indicators which include:
- The Kino T3 Ribbon filled indicator
- The Kiijun Tekan indicator
- The RD Pivot Lines indicator
- The Je-Bar indicator
- The Ma candles indicator
- Zig Zag Pointer indicator
- Spud Fibo indicator
- Kino Close under Ribbon Indicator
- The DoubleCCI with Smoothened Moving Average
- FX Prime V Final indicator
All this indicators work to ensure that the signal provided is noise free hence making 100% true. This trading system has some trading zones that the traders should be well conversant with. This is because trading is usually done when the prices are falling from or rising from these zones.
Before using the Action Trade Trading System in your trading you should ensure you have understood it quite well. The template may seem a bit complicated but nothing good is so easy to comprehend. But once you get how to open and close the trades then you are good to start using. For such trading systems it is always good to first test them on the demo accounts before going to the real accounts.
For example when the prices rise from the TF1 ribbon and above the TF5 and the TF 15 then it is shows there the market has begun a very strong uptrend therefore it is the right time to open a buy position.
When the zone form narrowing triangles, then the traders should know that there is formation of a resistance. Therefore the trader should be ready to go short.
Fig. Illustrating the formation of narrowing triangles.
How to buy and sell when using the Action Trade Trading System
You should open along position when the Kino Close under ribbon, the DoubleCCI with Smoothened Moving Average together with the FX Prime becomes green.
For the short positons the Kino Close under ribbon, the DoubleCCI with Smoothened Moving Average together with the FX Prime should be red.
However, the traders should be warned. They shouldn’t trade when the Kino Close under Ribbon is yellow in color.
Once the trades are opened and the profits starts rolling then the trades should be closed when the prices gets to the Spud Fibo level or when the prices crosses the Kino T3 Ma ribbon filled(27,36).
Fig. trading using the Action Trade Trading System
However when your trade starts to make a loss, you should not gfive it a lot of time; close it when it has moved 8-10 pips.
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