This Isakas 2 trading system was written and submitted by Konker on 13th of January 2012. It is also known as the BBands Trading system. It is for use on any currency pair. However it best works on the 30 minute timeframe.
Fig. the isakas 2 trading system template loaded on the chart window
While loading the template for this trading system, right click on the chart then click on template and choose rebirth 11 template. The rebirth 11 is the name of the template used to trade using this trading system.
This trading system generally employs the use of the BBands. The BBands indicator is a channel kind of an indicator that shows the trend of the market and also give the signal to sell or buy. The BBand has two discontinuous lines referred to as the stops in contrast to the other channel indicators that usually have three line that are continuous.
The system also uses the Flat Trend w MACD indicator. This is used for removing the noises; confirming that the signal given is not fake.
The default settings of the template uses the lines but you can change that to bars or candles for convenience. When using bars it is simpler to set the bear and bull bars or candles to be of different colors.
When should a trader buy or sell according to the Isakas 2 Trading System
Entry of a buy trade.
You should look for the BBands to be blue. Mainly the stop of the BBand that turns blue is the lower stop (line). The fisher indicator should also be blue. Also there are dots that form on the candles or lines. These are dots are referred to as the nonlagdot. The nonlagdot should be blue also.
You should also ensure that the Flat Trend w MACD indicator is also showing blue bands.
Entry of a sell trade.
You should look for the BBands to be red. Mainly the stop of the BBand that turns red is the upper stop (line). The fisher indicator should also be blue. Also there are dots that form on the candles or lines. These are dots are referred to as the nonlagdot. The nonlagdot should be red also.
You should also ensure that the Flat Trend w MACD indicator is also showing red bands.
You should avoid when the Flat Trend w MACD indicator is indicating yellow bands. Therefore even if the other indicators are showing a signal of either selling or buying, without the confirmation from the Flat Trend w MACD indicator don’t open any position.
Fig.buying and selling using the Isakas 2 Trading System]
When you look at the chart above chart with the Isakas 2 Trading System loaded on it you will also notice that there are arrows that appears to indicate the point where to enter a buy and a sell. Therefore if everything else is okay and this any of these arrows apper then you should open a trade in the direction the arrow is pointing.
When using this system of trading, Stops are the best used to close the trades.
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