Eata Pollan is a forex trading system. It is a perfect forex trading system for the swing traders. The Eata Pollan system works great in time frames like 5 minute and 15 minute as well. Eata Pollan is a very simple forex trading system. The very new forex trader won’t have any difficulties to trade with this system because it has very few indicators and it is really easy to use them. However, it is easy doesn’t necessarily mean you can use it any way you like. Every forex trading system has own trading rules which you have to follow in order to make money consistently in the market. Eata Pollan has certain rules too. We will talk about those rules in the remaining article.
Eata Pollan system consists of only two technical indicators used in it. When the Eata Pollan is appropriately installed in your metatrader, your chart should look like this:
Arrows are the main signal generator indicators of this forex trading system. When you see a green arrow, you should buy and you should sell when you see a red arrow.
- Support and Resistance
The concept of Support and Resistance is used in this forex trading system. The blue horizontal line indicates the support and the golden horizontal line represents the resistance level. You should be buying around the support and selling around the resistance.
- Eata Pollan
The indicator at the bottom of the chart is called Eata Pollan. This indicator consists of two oscillators. When the blue oscillator crosses above the red oscillator, it’s a buy signal and when the red oscillator crosses above the blue oscillator it’s a sell signal.
Buying Conditions Using Eata Pollan System.
- A green arrow should appear below the market price.
- The price should be supported by the blue horizontal line.
- The blue oscillator of the Eata Pollan indicator should cross above the res oscillator.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the golden horizontal line appears on the chart.
Selling Conditions Using Eata Pollan.
- A red arrow should appear above the market price.
- The price should be around the golden horizontal resistance line.
- The red oscillator of the EataPollan indicator should cross above the blue oscillator.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the blue horizontal line appears on the chart.
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