Luopyno Forex Strategy is a forex trading system. This system is not much hard to trade with but beginners might get lost inside the chart at first. Traders need to spend good amount of time to learn about this system as this system comparatively difficult to get. This system uses pivot points heavily and it is designed to trade in smaller time frame like 5 minutes chart. There is also lots of information along with the pivot levels on the main chart. The different pivot levels contain the information like- major support/resistance pivot point, bottom of trading range, strong, pivot, reverse, weak – place to stop and reverse, ultimate support- extremely oversold, and overshoot. Altogether, there are six indicators on the main chart window and an indicator in the indicator window.
There is also information about the direction of the market on various time frames which is located at the right bottom of the chart. When Luopyno Forex Strategy is correctly installed on your trading platform, your chart should look like this:
- Moving Averages
In this forex trading system there are two moving averages used in the main chart window. The red moving average is 200 EMA and the pink one is 24 EMA. The crossover of these two moving averages is the main signal generator for this system. When the 24 EMA crosses 200 EMA upside, it is a buy signal and when the 24 EMA crosses 200 EMA down side, it is a sell signal.
- LoopynoAdvancedGet Oscillator
This indicator consists of histograms that move in positive and negative territory. You should be looking for buy position when the histogram is in positive territory and you should be looking for sell position when the histogram is in negative territory.
- Pivot Levels
Pivot levels can be seen all over the chart with their significance and application. You can use those levels in your own way for your own purpose but here, we are not going to use them for any purpose.
Buying Conditions Using AdvancedGet Oscillator.
- 24 EMA (pink moving average) should cross above the 200 EMA (red moving average).
- LoopynoAdvancedGet Oscillator should be in positive territory.
- Place your long position as soon as above conditions are met.
- Place your stop just below the recent swing low.
- Take your profit when the 24 EMA (pink moving average) crosses below the 200 EMA (red moving average).
Selling Conditions Using Luopyno Forex Strategy.
- 24 EMA (pink moving average) should cross below the 200 EMA (red moving average).
- LoopynoAdvancedGet Oscillator should be in negative territory.
- Place your short position as soon as above conditions are met.
- Place your stop just above the recent swing high.
- Take your profit when the 24 EMA (pink moving average) crosses above the 200 EMA (red moving average).
Download Free Luopyno Forex Strategy