This system of forex trading was designed and submitted by Joy.
This Isakas Sekelper system uses the HMA30, HMA50 NonLagDot30 and the FX_FISH_Mode indicators. There are no candles displayed the chart. Only the indicators are displayed. The NonLagDot indicator30 is the one that stands for the lines, bars or candles.
The Isakas Sekelper system acts by varying the colors of the indicators so as to give the signals to buy and buy.
Fig.the template of the Isakas Sekelper Trading System loaded on the chart.
This Isakas Sekelper system or strategy is used for scalping. So you need to watch the market all the day while trading. When scalping it is always advisable to use lesser timeframes like those between M5 and M30. When using this timeframes you will be able to detecty the shrt term trend of the market which is of paramount importance when it comes to scalping.
In scalping the trader is after small samall profits that are taken over very short durations of time.therefore whien using this tradiung system always be very keen to not the change is the signals which do happen after a short period.
Buying and selling using Isakas Sekelper Trading System
Buying order: you should open a buy position when all the HMA30, HMA50, NonLagDot30 are blue. Then the FX_FISH_Mode indicator should be indicating green. For the purposes of accuracy when opening a trade you should ensure that the trade is opened after three dots have already formed so as to confirm the trend.
Selling order: you should open a sell position when all the HMA30, HMA50, NonLagDot30 are red. Then the FX_FISH_Mode indicator should also be indicating red. For the purposes of accuracy when opening a trade you should ensure that the trade is opened after three dots have already formed so as to confirm the trend.
Since you are scalping then it is advisable to target only 30 points which is three pips. However should the color change before you have achieved your thirty points target don’t hesitate to cancel the order.
Also for the purposes of risk management, it is also advisable to use a stop loss of at least 2 pip when you open any position. Sometimes you may be trading without the knowledge of the forex news, which may cause the market to move drastically against you and without a stop loss you may find yourself with a very huge loss. Stop losses are not only used to shield yourself against news only; it also prevent the risk of a huge loss due to an abrupt change in trend of the market.
Fig.demonstration of when to buy and sell.
From the chart above, it is visible that when you close your trade after attaing your 30 points target you should not open another trade even if the market is moving on with the trend. Be patient and wait for another signal so as to trade.this is actually a way of handling greed in the markrt during trading.
If you lok closely you will notice after closing the buy order,the trader doesn’t open a sell trade at the red dots that forms there after sinceall the inicators don’t show a sell. The HMA50 is not red. Therefore you should be very carefull when opening your trades.
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