Forex stealth is a trading strategy that is specialized to trade in the forex market. It is an easy to understand trading system. Even the beginner traders with the basic knowledge of forex market and the metatrader software can start to trade by using Forex steal trading system. While this trading system is so simple that even the beginners can understand, it doesn’t necessarily mean that the system should not be used by the trading experts. Whether you are a beginner or an expert this system will help you to maximize your profits and minimize your risk. Whichever direction you trade in the market it is necessary that you should be in the right direction. And the forex stealth helps you to be in the right direction of the market with the help of its very effective technical tools. This system is all focused on the fractals and the signals are also generated on the basis of fractals. The other indicators that are located at the bottom are only the tools for the confirmation. And those indicators which are located at the bottom will help us to know when to exit from the market.
Forex stealth is composed of 5 technical indicators but we will be using only three of them to make our trading decisions. When the Forex stealth trading system is correctly installed on your trading platform your trading chart should look like this:
- Fractals: Fractals are the technical tools that are used to figure out the turning points of the market. Fractals are represented by the cap like shape on the above chart. Fractals are one of the most used tools by the expert traders. It is said that fractals are also observed in nature. It is one of the most looked subject in the field of technical analysis too.
- Stealth Buy/Sell: Steal Buy/Sell is a custom built indicator. This indicator will help us to make entry in to the market and let us know when to exit from the market. It forms in two colors; green and red. Green signal indicates the bullish market while the red signal indicates the bearish market.
- Stealth Hybrid: Stealth Hybrid is a custom indicator which looks much the same like MACD and stochastic. Its crossovers are used to buy/sell in the market.
- A bullish fractal should form below the price chart.
- Stealth Buy Sell indicator should form green signals.
- Stealth Hybrid should start moving to positive territory.
- Place your stop just below the recent swing low.
- You should take your profits when stealth buy sell indicator starts forming red signals.
Selling Conditions Using Forex Stealth.
- A bearish fractal should form above the price chart.
- Stealth Buy Sell indicator should form red signals.
- Stealth Hybrid should start moving to negative territory.
- Place your stop just above the recent swing high.
- You should take your profits when stealth buy sell indicator starts forming green.
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