Multi indicator Trading is a forex trading system. It is a swing trading system. The Multi indicator trading system can be used to trade in any time frame higher than 5 minute. The Multi indicator trading system uses different sets of indicators to make trading decision. There are two templates available in this trading system. You can try both of the templates and you should use the one which you feel comfortable to trade with. There is only an indicator in the main chart window.
There are two indicators in the indicator window. When the Multi Indicator Trading system is correctly installed in your trading platform, your chart should look like this:
- Arrows
There are golden and red arrows in the main chart window. These arrows are the main signal generator indicator of this trading system. When you see a golden arrow it’s a buy signal and when you see a red arrow it’s a sell signal. But you should remember that not every arrow indicates the high probability setups. You should be able to filter the good trades from bad trades. That can be done using other indicators in the indicator window.
- Multi indicator alerts
You should buy when the golden oscillator of the Multi indicator alerts should cross above the red oscillator. Similarly you should sell when the golden oscillator crosses below the red oscillator.
- M5 Super Trend
M5 super Trend consists of blue and red bars. Blue bars indicate buying pressure in the market while the red bars indicate selling pressure in the market.
Buying Conditions Using Multi Indicator Trading System.
- Golden arrow should appear below the market.
- The golden oscillator of the Multi indicator should cross above the red oscillator.
- The bars of the Super Trend indicator should be blue.
- 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 oscillator crosses below the red oscillator.
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Selling Conditions Using Multi Indictor system.
- Redarrow should appear above the market.
- The golden oscillator of the Multi indicator should cross below the red oscillator.
- The bars of the Super Trend indicator should be red.
- 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 golden oscillator crosses above the red oscillator.
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