Gelombang Forex System is a forex trading system which is designed to trade in forex market. The Gelombang Forex System is not recommended to use while scalping in the forex market but I can be used in intra day time frame like 15 minutes as well. This forex trading system can be used with any currency pairs. The Gelombang Forex System is a trend following system so that it is not appropriate to use this system for placing positions in counter trend markets. The system is easy to use and understand. The beginner traders as well the expert traders can use this system to make money in consistent basis provided that the traders follow the rules of the system very carefully. A trader should understand the fact that system alone can’t make any money for them if they have undisciplined trading habits.
There are 22 technical indicators in the main chart including all those moving averages. The combinations of multiple moving averages seem like the waves in the chart. There is plenty of information on the chart. When the Gelombang Forex System is correctly installed on your trading platform, your chart should look like this:
- Moving Averages
Moving averages are the main signal generator indicators of this system. The faster moving averages and slower moving averages are combined to create the crossovers. These crossovers will be significant to make a trading decision. The faster moving averages are blue while the slower moving averages are red.
- Heiken Ashi Alert
Heiken Ashi Alert indicator is the indicator that you can see at the indicator window. This indicator helps to confirm the signal generated by the main signal generator indicator.
- RSI Filter
RSI Filter is a technical indicator that is located at the indicator window. This indicator consists of red and blue bars. Blue bars indicate the buying pressure in the market while the red bars indicate the selling pressure in the market.
Buying Conditions Using Gelombang Forex System.
- The blue waves of moving averages should cross above the red waves of moving averages.
- The bars of Heiken Ashi Alert indicator should be blue.
- The bars of RSI Filter indicator should be blue.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the blue waves of moving averages crosses below the red waves of moving averages.
Selling Conditions Using Gelmbang Forex System.
- The blue waves of moving averages should cross below the red waves of moving averages.
- The bars of Heiken Ashi Alert indicator should be red.
- The bars of RSI Filter indicator should be red.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the blue waves of moving averages crosses above the red waves of moving averages.
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