FS30 Gold System is a forex trading strategy that is designed to trade in foreign exchange market. This trading strategy can be applied in any time frame from 5 minutes or above. This trading strategy can be used by swing traders to swing trade. Trades can be executed in both directions (in the direction of the major trend and counter trend) but for getting the best results we only trade in the direction of the major trend. Trading in the direction of the major trend always pays off. FS30 Gold System doesn’t use too many technical indicators so that the charts don’t look too messy. The charts look absolutely clean and simple to trade. The system itself is created using advanced formulas which makes the system really effective to trade in the real time market. There are various ways to trade using this system since this system is flexible to trade in many ways. In this tutorial we will be focusing to trade in the simplest way possible because we love simplicity. Simple things work in forex trading but overcomplicated things won’t so we should always try to keep things simple as much as possible.
When the system is correctly installed your chart window should look like this.
Arrows: These are the arrows that appear below and above the price chart. When the market is trending upward a teal colored arrow pointing upward appears below the price chart. Conversely when the market is trending down a red colored arrow pointing downward appears above the price chart. These arrows are the main signals for our trade executions. We would be looking for buy positions when an arrow pointing upward forms below the price and vice versa. Arrows can be seen in different sizes. Smaller arrow means minor corrections whereas large arrow means larger corrections or trend reversals.
FS30 Oscillator: It is a momentum indicator which looks similar to Relative Strength Index (RSI) but it is customized using different formula. FS30 oscillator can be found in two different colors; dark golden and grey. Basically when the market is up trending the FS30 oscillator is grey in color and the oscillator is dark golden in color when the market is down trending. We use FS30 oscillator for figuring out the divergence and for figuring out the potential reversals.
Buying Conditions using FS30 Gold System.
- You should see a green arrow pointing upward below the price chart
- It’s more confirmed if you see a bullish divergence like in the above chart.
- Place your stop just below the recent swing low.
- You should take your profits when you see a red arrow.
Selling Conditions Using FS30 Gold System.
- You should see a red colored arrow pointing downwardabove the price chart
- It’s more confirmed if you see a bearish divergence like in the above chart.
- Place your stop just above the recent swing high.
- You should take your profits when you see a teal colored arrow.
Download Free Forex FS30 Gold System