Forex One System is an amazingly simple trading system developed to trade in the forex market. This trading system is unbelievably awesome because it helps to make as many pips as 1000 pips if you trade on the higher time frames. Forex One System is very effective system for swing traders, day traders and scalpers since this system can be applied in any time frames. Forex One System can be used by both amateur trader and expert trader. The main advantage of Forex one system is that it generates very clear signal where to buy and where to sell which creates less confusion among the amateur traders. This system works in all kinds of market situations i.e. bullish market, bearish market and side ways market. However, trading in trending market is always recommended since trend is your friend. The system automatically doesn’t make money for you. It is you who has to make right decisions by remaining logical and maintaining high level of self discipline. You can’t simply blame the system if you aren’t able to make money. Money management skills are must in order to have consistent results. Even if you win only 50% of the time you will be gaining if your money management technique is really cool. You might be losing money even if you win 80% of your total trades if your 20% of the total trades are really huge. So money management skill is more vital than win/lose ratio.
Forex One System consists of only two technical indicators that will help you generate a trading signal. However on the top left you can see information about the market but using that is optional one. When Forex One System is correctly installed on your trading software your chart should see like this:
- Bbands Stop: Bbands is a blue and red almost circle like shape that you can see above abd below of your price chart. Generally when a blue circle is formed on the chart it is a signal that the market will soon rise higher and when the market forms a red circle it might mean that the market will be falling soon. Our main trading signal will be based on this Bbands stop technical indicator.
- Filter: Filter is a technical indicator that will help to confirm the trading signals generated by the Bbands stop. It comes in blue and red color. Blue color confirms the bullish move while the red color confirms the bearish move.
Buying Conditions Using Forex One System.
- You should see a blue circle below your price chart like shown on the above example.
- Filter indicator should start to form the blue bars.
- Place your stop just below the recent swing low.
- You should take your profits when a red circle appears above the price chart.
Selling Conditions Using Forex One System.
- You should see a red circle above your price chart like shown on the above example.
- Filter indicator should start to form the red bars.
- Place your stop just above the recent swing high.
- You should take your profits when a blue circle appears below the price chart.
Open demo account to test this system.
Download Free Forex One System
Leave a Reply