Jago Trading is a forex trading system designed for swing traders. Jago Trading System helps you to enter at the start of the trend and lets you exit at the end of the trend. Jago Trading system is a very reliable and easy trading system. Jago Trading System is very simple so any newbies can use this forex trading system to generate consistently profitable results. Jago Trading system has very clean and understandable indicators which generate very reliable trading signals. Jago Trading is a trend following system, so it produces great results when it is used in a trending market while it may not work properly in a sideways market. When talking about Jago Trading system, there are 8 technical indicators in the main chart window and three indicators in the three indicator windows.
When Jago Trading System is installed in your metatrader 4, your chart should look like this:
All the indicators used in this forex trading system are good and they have value. We will use only five tools to make our trading decisions:
- Bbands Stop
Bbands Stop is a technical indicator which appears above and below the price chart. When the Bbands Stop is above the price level, its color is yellow and when it is below the price level its color is green. You should be buying only when the Bbands stop appears below the price level and vice versa.
Stochastic is a very popular technical indicator in technical analysis. Its crossovers are useful in determining buying and selling time. In this system, Stochasticindicator consists of green and red oscillators. Mainly we will be using crossovers of these two oscillators.
- Forexsignal30 extreme
This is a unique type of technical indicator which consists of many stars like shapes which can be found in yellow and red color. Simple concept of using this system is you should be buying when you see yellow stars and vice versa.
- VQ indicator
VQ indicator is a technical indicator which consists of a line that changes color as the market changes its direction. You can see this indicator in green and red color. You should be buying when this indictor is green and vice versa.
Buying Conditions Using Jago Trading System.
- Bbands Stop should appear below the price chart.
- Red oscillator ofStochstic indicator should cross above the green oscillator.
- Forexsignal30 extreme indicator should be yellow.
- VQ indicator should be green.
- 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 Bbands Stop appears above the price chart.
Selling Conditions Using Jago Trading System.
- Bbands Stop should appear above the price chart.
- Red oscillator ofStochstic indicatorshould cross below the green oscillator.
- Forexsignal30 extreme indicator should be red.
- VQ 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 Bbands Stop appears below the price chart.
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