KG Sea Wave System is a forex trading system that is designed to trade in the forex market. This forex trading system can be used by the traders who love to play quite long term trades. This forex trading system is not suitable for the scalpers. The system is designed using very advanced algorithms. Although the process of building the system was quite complicated, the system is really easy to use and apply in live trading accounts to make real money. This forex trading system automatically draws the waves on the chart and our goal is to ride the wave at its beginning and exit at the end of the wave. The time frame should be 5 minute or higher one.
There are Bollinger bands in the main chart and other indicators as well but we don’t have to focus on all the indicators. Only the KG Support and Resistance indicator of the main chart will be used. We will heavily focus on the indicators that are displayed in the indicator windows.
When the KG Sea Wave System is correctly loaded on your trading platform, your chart should look like this:
- KG Support and Resistance
KG Support and Resistance is a technical tool that you can see on the chart. The horizontal dotted red line is KG Support and Resistance. You should be buying in the support level and selling in the resistance level.
- KG Wave Trigger
KG Wave Trigger is a custom made technical indicator which consists of histogram that fluctuates in positive and negative territory. There are various versions of KG Wave Trigger indicator on your chart. There are four versions, and they are:
- KG Wave Trigger
This indicator is quite sensitive to the recent price movements.
- KG wave Micro
KG Wave Mircoreacts slower than the KG Wave Trigger
- KG Wave Minor
KG Wave Minor reacts slower than the KG Wave Mircro
- KG Wave Major
KG wave Major Reacts slower than the KG wave Minor
Buying Conditions Using KG Sea Wave System.
- KG Support and Resistance should appear below the price chart.
- KG Wave Trigger indicator should form blue bars.
- 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 KG Wave Major indicator forms red bars after forming blue bars.
Selling Conditions Using KG Sea Wave System.
- KG Support and Resistance should appear above the price chart.
- KG Wave Trigger indicator should form red bars.
- 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 KG Wave Major indicator forms blue bars after forming red bars.
Open demo account to test this system.
Download Free Forex KG Sea Wave System
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