Boss Mode System is a trading strategy that generates the trading signals on the basis of technical data available on the chart. Generally most of the trading systems are based on the technical data. This is an amazing forex trading strategy which provides so much information to its users. Although there are bunch of indicators used in Boss Mode System use of all the indicators might not be required to trade successfully with this system. We will only focus on very important indicators which are responsible for generating the trading signals. The Boss Mode System works best on the trending market so it is recommended to trade in the trending market rather than in sideways market.
This system is equipped with the trading alert systems which generate the trading signal box on your platform’s screen and it also generates the sound so that you don’t miss any trading opportunities. The Boss Mode System consists of too many indicators but you need not to worry sinceyou don’t need to use all of them to make a profitable trading out of it. On the top left your trading chart there is a forex power indicator which shows the strength of different currencies across the board. We will be ignoring that indicator. So, when the Boss Mode System is correctly installed on your trading platform your chart should look like this:
- Trend Bars: Trend bars are the customized chart that is seen on your trading chart. They are customized version of the normal candle stick bars so they are named Trend bars. The bars become light blue in an uptrend, light pink in a downtrend and brown color in sideways market.
- SSL Fast: SSL fast is a custom built moving average. It is shown up in two colors; green and red. The SSL fast moving average becomes green in an uptrend and red in a downtrend. The moving average is also backed up by the blue and pink arrows as shown on the above chart.
- Filter: Filter is a custom made technical tool. This indicator is used to filter the trades that are generated by the SSL fast indicator.
- Range Factor:Range factor is a technical indicator which consists of an oscillator. Usually we will buy only when the oscillator is above the level of 50 and sell only when the oscillator is below the level of 50.
Buying Conditions Using Boss Mode System.
- Trend Bars should be light blue in color.
- SSL fast should be green in color.
- Filter should be light blue in color.
- Range factor oscillator should be above the level of 50.
- Place your stop just below the recent swing low.
- Take your profits when the SSL fast indicator turns red.
Selling Conditions Using Boss Mode System.
- Trend Bars should be pink in color.
- SSL fast should be red in color.
- Filter should be pink in color.
- Range factor oscillator should be below the level of 50.
- Place your stop just above the recent swing high.
- Take your profits when the SSL fast indicator turns green.
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