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:
- 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 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.
- 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.
- 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
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