Double Fx is a forex trading system. It is a scalping forex trading system. With the help of Double Fx you can catch the short swings of the market. You can take positions in the direction of the main trend as well as in the direction against the trend. There are so many technical indicators being used in this forex trading system which help you to generate the effective trading signals and to verify them. If you feel lost when using all of these indicators, you can use only some of them to make your trading decisions.
When you install Double Fx trading system in your trading platform, your chart should look like this:
- Alert Line
Alert line is a yellow horizontal line that appears in your main chart window. When the market is above the Alert Line it works as a support line whereas when the market is below the Alert Line, it works as a resistance.
There are blue, pink, and green arrows in the main chart window. The blue and green arrows indicate buying signal while the pink arrows indicate selling signal.
Dot indicator is an oscillator indicator. When this indicator is up trending, it indicates bullish market and vice versa.
- Trend Direction
This indicator consists of two oscillators. When the oscillators are in positive territory you should be buying and vice versa.
Buying Conditions Using Double Fx.
1) The market should be up trending.
2) A green arrow should appear below the market.
3) The Dot indicators should be up trending.
4) The trend direction indicator should be in positive territory.
5) The market should be above the Alert line indicator.
6) Place your long position as soon as above conditions are met.
7) Your stop loss just below the recent swing low.
8) Take your profit when the pink arrow appears above the market.
Selling Conditions Using Double Fx.
1) The market should be down trending.
2) A pink arrow should appear above the market.
3) The Dot indicators should be down trending.
4) The trend direction indicator should be in negative territory.
5) The market should be below the Alert line indicator.
6) Place your short position as soon as above conditions are met.
7) Place your stop loss just above the recent swing high.
8) Take your profit when you see a blue arrow below the market.
Download Free Forex Double Fx Strategy
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