Hybrid system is a manual trading system which is developed to trade in the currency market. This trading system is a very powerful trading strategy. Its simplicity and accurateness makes this system very powerful. Being simple doesn’t mean the strategy is unlikely to work. Being simple and working effectively makes a system stand above the rest. Hybrid system is really a simple trading system, any newbie traders should be able to understand the system with an ease. This system also provides much useful information that will save plenty of time of the traders. For me personally, most appealing indicator of Hybrid system is the market hours shown on the top right corner of the chart with their respective local time. This will help you to know in which part of the world the most active traders are at the present moment and you can choose the currency pair to trade accordingly. Another good thing about Hybrid System is that it gives you alert about what is happening on the chart. It gives information like which EMA crossed which one.
When the Hybrid System is correctly installed on your trading platform your chart should look like this:
These bands are the customized technical indictors. They are customized moving averages to be precise. They are available in three different colors. They are- Pink, light blue and aqua color. They work as a support and resistance. They are responsible for generating the trading signals for the Hybrid system.
- 2MA cross
2MA cross is a custom made indicator which is actually an arrow that indicates the buying or selling. A pink arrow that appears above the chart pointing downward indicates the sell while the aqua color arrow pointing upward indicates buy. Our main entry will be completely based on this indicator.
- Stoch Histogram
It is a stochastic histogram that fluctuate either side of the zero level. Positive histogram indicate the bullish dominance in the market while the negative histogram indicates the bearish dominance in the market.
Buying Conditions Using Hybrid System.
- A blue color arrow pointing upward should form below the price chart.
- Stoch Histogram should move in to the positive territory.
- Place your stop just below the recent swing low.
- Take profit when a pink colored arrow pointing downward appears above the chart.
Selling Conditions Using Hybrid System.
- A pink color arrow pointing downward should form above the price chart.
- Stoch Histogram should move in to the negative territory.
- Place your stop just above the recent swing high.
- Take profit when blue colored arrow pointing upward appears below the chart.
Download Free Forex Hybrid System