Forex Flex Trading is a forex trading system. The Forex Flex Trading System is designed for the swing traders. The Forex Flex Trading can be used to trade in lower time frames like 5 minute, 15 minute and on the higher time frame like H4, daily, and in weekly time frames. The Forex Flex Trading system is a very simple forex trading system. The Forex Flex Trading system can be very useful for the experienced trend following traders as well as for the new traders. There are five technical indicators altogether being used in this forex trading system. You should consider multiple time frame analysis before you enter in the market. Suppose, if you are trying to make an entry on the basis of 15 minute time frame analysis, have a look at time frames like hourly and 4 hour chart. Looking at the higher time frames will give you the clear picture of the market trend.
When the Forex Flex Trading is correctly installed in your trading platform, your chart should look like this:
- HeikenAshi
HeikenAshichart is quite different from the normal kind of candlesticks. The HeikenAshichart is formed by calculating the average price of the past bars. The HeikenAshichart removes the distortion and makes the direction of the trend look clearer.
- Arrows
There are two kinds of arrows that you can see in the main chart window. When you see olive color arrow pointing upward, it’s a buy signal and similarly when you see a red arrow pointing downward, it’s a sell signal.
- Fxforecaster
Fxforecasteris a technical indicator which consists of histograms that fluctuate in positive and negative territory. The idea is to look for buying opportunities when the histogram is in positive territory and vice versa.
Buying Conditions Using Forex Flex Trading System.
- The direction of the trend should be up.
- An olive color arrow should appear below the market.
- The histogram of Fxforecaster indicator should be in positive territory.
- 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 a red color arrow appears above the market.
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Selling Conditions Using Forex Flex Trading.
- The direction of the trend should be down.
- A red color arrow should appear above the market.
- The histogram of Fxforecaster indicator should be in negative territory.
- 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 an olive color arrow appears below the market.
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