This trading system was developed and submitted by Jason Sweezey. It is a type of a trading robot and it is designed to help traders to take advantage of the sudden changes in the forex market (U- turn). Most forex traders suffer from circumstances where the market turns abruptly after opening a position. The trader opens a trade, watches his or her trade getting profits while waiting for it to hit his or her target; but all of a sudden the market changes and starts going against him or her. After a short while the trade that was reflecting profits starts to reflect losses.
The Forex u turn trading system, helps the trader to identify the already occurred U- turns and then places a trade. Therefore the trader will be taking advantage of the U turn rather than the U turn punishing him or her.
The installation of the Forex u turn trading system a bit different from the other trading system depending on the way you acquire it. There is a version of the system that has an executable file which after downloading you have to install. When it is installed it automatically installs all the indicators and the templates in their right folders of the MT4. The executable file installs expert indicator like Forex-U-Turn_Dectector, Forex-U-Turn_Filter and Whole_Numbers. Then it also installs the FUT_Alert_x3 into the sound folder. Its template, FX u turn black.tpl is also installed into the templates folder. However when installing the trading system, make sure that you install it in the same folder where you have installed your MT4. After installing the Forex u turn trading system, you have to purchase the security code which is only usable on one computer. However the system can also be downloaded free of charge and the template and indicators copied to their respective folders as in the case with all the trading systems.
The trading system uses two templates whose only difference is the background color. There is the FX u turn black template whose background color is black and the FX u turn white whose black ground color is white.
A comparison between the two teplates of the Forex u turn trading system.
Trading using the Forex u turn trading system.
In simple terms the system’s template has two lines that resembles the SMA; one is blue and the other is green. Then at the bottom there is another indicator that is displayed on its own chart. The indicator shows continuous horizontal bars that are either red or blue.
Placing sell orders: a sell signal is given by the green line going below the blue line on the main trading chart. However you should wait until the indicator below turns red. Then close the order once the green line gets above the blue line.
Fig.1. Placing a sell using the Forex u turn trading system.
Placing buy orders: a buy signal is given by the green line going above the blue line on the main trading chart. However you should wait until the indicator below turns red. Then close the trade once the blue line gets above the green line.
Fig.2. Placing a buy using the Forex u turn trading system.
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