• Home
  • About
  • Contact

Forexobroker

Download Our Forex Strategies and Indicators

  • Strategies
  • Articles
  • Dom’s Forex Course
  • Metatrader 4 Indicators
    • Free Metatrader Indicators
    • Paid Metatrader Indicators
  • Metatrader 4 Systems
    • Free Metatrader Systems
    • Paid Metatrader Systems
  • EA’s
    • Paid Expert Advisors
  • Forex Brokers

Forex King STS 2

August 3, 2016 by Dominic Walsh Leave a Comment

Forex King STS 2 is a forex trading system. It is a trading system that is suitable for scalping in the forex market. The Forex King STS 2 is a very simple trading system. It does not use any complicated technical indicators. There are two arrows being used in Forex King STS 2 trading system. The best time frame to trade with Forex King STS 2 would be 5 minute time frame. The best currency pair to trade would be EURUSD because this pair has less spread than other currency pairs. Risk to reward ratio should be set to at least 1:2. Risk to reward ratio plays vital role in scalping. One of the major problems while scalping is traders tend to hold their losing position too long. Scalping has to be fast in every aspect. You should cut your losses as early as possible and take your profits as targeted. Emotions of fear and greed will hurt a scalper.

When the Forex King STS 2 is successfully installed in your trading platform, your chart should look like this:

Forex King STS 2

  • King Arrow

The green and red arrows that you see in the main chart window are the King Arrow indicator. When you see a red arrow pointing downward, it’s a selling signal. Similarly, when you see a green arrow pointing upward, it’s a buying signal.
Forex Horace MindLine Indicator

Download My New Forex Horace MindLine Indicator

  • Forex King STS 2

Forex King STS 2 is a technical indicator which consists of two oscillators and other net like lines. The trick is you should buy when the green oscillator crosses above the red oscillator and you should sell when the green oscillator crosses below the red oscillator.

Buying Conditions Using Forex King STS 2.

Forex King STS 2

  • A green arrow (king arrow) should appear below the market price.
  • The green oscillator of Forex King STS 2 indicator should cross above the red 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 a red arrow appears above the market price.

Selling Conditions Using Forex King STS 2.

Forex King STS 2

  • A red arrow (king arrow) should appear above the market price.
  • The green oscillator of Forex King STS 2 indicator should cross below the red 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 a green arrow appears below the market price.

Download Free Forex King STS 2 Strategy

Download Free Forex King STS 2 Strategy

Our community traders work with XM.com brokerage company. If you are thinking to open demo or real forex trading account we recommend XM. They currently offer up to 5000$ bonus on your deposit find details below:

Open Forex Account

 

Open Forex Account

Filed Under: Free Metatrader Systems Tagged With: arrow indicator, line indicator

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • RSS
  • Twitter
  • YouTube
Forexobroker

Archives

  • June 2022 (4)
  • May 2022 (9)
  • April 2022 (5)
  • March 2022 (7)
  • February 2022 (7)
  • January 2022 (7)
  • December 2021 (1)
  • November 2021 (4)
  • October 2021 (3)
  • September 2021 (4)
  • August 2021 (2)
  • July 2021 (1)
  • June 2020 (7)
  • May 2020 (7)
  • April 2020 (9)
  • March 2020 (7)
  • February 2020 (10)
  • January 2020 (3)
  • November 2019 (1)
  • September 2019 (3)
  • August 2019 (3)
  • June 2019 (1)
  • December 2018 (1)
  • November 2018 (4)
  • October 2018 (9)
  • September 2018 (14)
  • August 2018 (5)
  • July 2018 (8)
  • June 2018 (3)
  • May 2018 (9)
  • April 2018 (3)
  • March 2018 (10)
  • February 2018 (9)
  • January 2018 (13)
  • December 2017 (12)
  • November 2017 (14)
  • October 2017 (3)
  • September 2017 (3)
  • August 2017 (13)
  • July 2017 (25)
  • June 2017 (21)
  • May 2017 (20)
  • April 2017 (21)
  • March 2017 (15)
  • February 2017 (16)
  • January 2017 (18)
  • December 2016 (11)
  • November 2016 (21)
  • October 2016 (63)
  • September 2016 (24)
  • August 2016 (22)
  • July 2016 (16)
  • June 2016 (16)
  • May 2016 (16)
  • April 2016 (23)
  • March 2016 (29)
  • February 2016 (22)
  • January 2016 (22)
  • December 2015 (29)
  • November 2015 (28)
  • October 2015 (30)
  • September 2015 (41)
  • August 2015 (52)
  • July 2015 (47)
  • June 2015 (55)
  • May 2015 (50)
  • April 2015 (58)
  • March 2015 (22)

  • Home
  • About
  • Contact

Categories

  • Strategies
  • Articles
  • Dom’s Forex Course
  • Metatrader 4 Indicators
    • Free Metatrader Indicators
    • Paid Metatrader Indicators
  • Metatrader 4 Systems
    • Free Metatrader Systems
    • Paid Metatrader Systems
  • EA’s
    • Paid Expert Advisors
  • Forex Brokers

Visit Our Forex Strategies And Forex Indicators Below:

Forex Trading Strategies

Free Forex Indicators

Paid Forex Indicators

Paid Forex Strategies

“Our order process is conducted by our online reseller Paddle.com. Paddle.com is the Merchant of Record for all our orders. Paddle provides all customer service inquiries and handles returns.”

© 2015-2022 Forexobroker

Copyright © 2022 · Magazine Pro Theme on Genesis Framework · WordPress · Log in