Easy forex system is a forex trading system. Easy forex system is a trend following forex trading system and you can use various trend following strategies based upon it. The name of the system itself if ‘Easy Forex system’ because it is really easy to trade using this forex trading system. You wouldn’t need too much in depth knowledge of technical indicators and forex market to trade successfully with this forex trading system. You just need to know under what conditions you should buy and sell and that’s enough.
Well, talking about Easy Forex System, there are four indicators in main chart window and one indicator in the indicator window. Among four indicators in main chart window, one of them is a 5 period moving average applied to median price which is dotted pink. Another thin line which moves with this 5 period Simple moving average is called easy forex indicator which is white in color. These two indicators move together because they both have nearly equal periods used in them. Another two indicators which are also called ‘easy forex system’, which move slower than above mentioned two indicators, can be found in your main chart. They are in blue and yellow. It seems that the blue ‘easy forex system’ indicator moves faster than yellow i.e. blue colored ‘easy forex system’ indicator uses smaller periods than that of yellow colored ‘easy forex system’.
When easy forex system is correctly installed on your trading platform your chart should look like this:
- 5 SMA
5 SMA and price crossovers can be used to make a trading decision. When the price crosses above the 5 SMA, you can long and similarly when the price crosses below 5 SMA, you can short.
The application of white ‘easy forex system’ which moves with 5 SMA seems to be quite useless.
- Easy Forex system
These two indicators which are blue and yellow in color can be used to figure out the major direction of the market. You should long only when these two indicators show the bullish market trend and vice versa.
ADX stands for Average directional movement index. It is one of the main signal generating indicators in Easy Forex system. You do not have to look for anything else, just see where the thick green and red oscillators of ADX cross each other and make decisions accordingly.
Buying Conditions Using Easy Forex System.
- Major trend should be up i.e. price should be above white and blue and yellow easy forex system indicators.
- Price should cross above the 5 SMA.
- In ADX indicator, green oscillator should cross above the red oscillator.
- Enter a long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profits when green oscillator of ADX falls back to touch red oscillator.
Selling Conditions using Easy Forex System.
- Major trend should be down i.e. price should be below blue and yellow easy forex system indicators.
- Price should cross above below 5 SMA.
- In ADX indicator, green oscillator should cross below the red oscillator.
- Enter a short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profits when green oscillator of ADX rises back to touch red oscillator.
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