The Forex illumination signals system is a forex trading system. It is a very simple forex trading system. The accuracy rate of Forex illumination signals system is very high. The Forex illumination signals system can be used by newbie traders as well as expert traders. This forex trading system is basically a trend following forex trading system. The time frames and the currency pairs can vary according to your trading strategy and your personality. The Forex illumination signals system uses Heiken ashi chart. Heiken ashi chart is very popular in forex trading industry. It is thought to be highly reliable and profitable by the experienced traders. The good thing about Heiken ashi chart is that it gives you the clear direction of the market. Heiken ashi chart filters the noises in an impressive manner.
While trading with Heiken ashi chart you should also be aware that the OHLC prices shown by the Heiken ashi bars are not the real one. The open, high, low, and close prices shown by the Heiken ashi bars are different from the real bars. This happens because the Heiken ashi bars are formed using the averages of the past. If you are a price action trader, the heiken ashi bars might not do good work for you as you would need the real OHLC prices. But while using this forex trading system, it’s okay to use only this chart.
The Forex illumination Signals System gives you information of the spread, and the time left to form another bar. This information can be a time saver. When the Forex illumination Signals system is correctly installed on your trading platform, your chart should look like this:
- Heiken ashi
Heiken ashi chart in this system uses red candle as a bearish candle and white candle as a bullish candle. The idea is to buy when you see white candles in an uptrend market and sell it when the candles turn red. You can make money solely based on this concept using this forex trading system.
Buying Conditions Using Forex Illumination Signals System.
- Market should be up trending.
- Buy when the market begins to form white candles.
- Place your stop loss just below the recent swing low.
- Take your profit when the candles begin to turn red.
Selling Conditions Using Forex Illumination Signals System.
- Market should be down trending.
- Sell when the market begins to form red candles.
- Place your stop loss just above the recent swing high.
- Take your profit when the candles begin to turn white.
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