Forex Secret Agent Alert is a forex trading strategy. The Forex Secret Agent Alert is specifically designed to trade in the foreign exchange market. The Forex Secret Alert Agent trading system can be used to trade in the both directions i.e. trend and anti trend but trading in the direction of the trend is always recommended to increase the probability of profitability of the trade. The Forex Secret Alert Agent trading system does not use any complicated tools. It uses simple technical indicators that are popular among the forex traders all over the world. Normal trader should not have any problem in understanding this simple forex trading strategy.
The Forex Secret Agent Alert forex trading strategy consists of only three simple technical indicators. The signals generated by the system are clear as crystals and you won’t find any difficulty to make money with this system. However, you may not be able to make money with this trading system if you do not follow the rules of this Forex Secret Agent Alert system with complete self discipline. Forex traders all over the world have the greatest misconception that they believe that it is the system that will make one successful. Yes no doubt, a good system is always needed to make money in the forex trading industry but it is not enough. Success in forex trading has lot to do with your mental aspects, your state of mind.
When the Forex Secret Agent Alert system is correctly installed on your trading platform your trading chart should look like this:
- Parabolic SAR
It is a technical indicator that helps to determine the underlying trend of the currency pair. It basically consists of a line that is made of red dots. We should understand that when the parabolic SAR appears below the chart it is an uptrend and when the parabolic SAR appears above the chart it is a downtrend.
- Gator Oscillator
Gator oscillator is an oscillating indicator that fluctuates on the either side of the midline. It consists of red and green bars. When the bars are in the positive side it is understood that the market is moving higher and vice versa.
- William’s Percentage Range
William’s Percentage Range is an indicator used my technical analysts which are very similar to the RSI. It is also different than RSI in many ways. The oscillator fluctuates between the ranges of -100 to 0 unlike in RSI where the oscillator fluctuates in between 0 to 100.
Buying Conditions Using Forex Secret Agent Alert System.
- Buy when William’s percentage Range oscillator rises above -80 level from the oversold zone.
- Gator oscillator should start forming green bars.
- Parabolic SAR should start forming below the price chart.
- Place your stop just below the recent swing low.
- You should take your profits when william’s percentage range begins to fall and touches -20 level.
Selling Conditions Using Forex Secret Agent Alert System.
- Sell when William’s percentage Range oscillator falls below -20 level from the overbought zone.
- Gator oscillator should start forming red bars.
- Parabolic SAR should start forming above the price chart.
- Place your stop just above the recent swing high.
- You should take your profits when william’s percentage range begins to rise and touches -80
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