Max Snake is a forex Trading strategy. It can be used to trade in any conditions (sideways or trending) of market. Your trading duration is likely to be very short since the entry signals are changed frequently by the Max Snake forex trading strategy. Because of the frequent signal generation of the Max Snake system, you can enter the trade in any direction regardless of what the major trend of the market is. However, it is not recommended to trade during the release of high impact fundamental events as markets are too volatile during those circumstances and can go against your direction in a blink of your eye. In comparison to the trend following trading system, this system is quite risky because it allows you to enter in any direction (buy/sell) at any time. This can be risky if you are trying to counter trend trade in a strongly trending market.
The Max snake uses only two technical tools named the secret alert and the awesome oscillator. When the Max Snake forex trading system is correctly installed on your trading platform, your trading chart should look like this:
- The secret Alert
The secret Alert is a technical tool that is the backbone of this The Max Snake system. Based on the signals provide by this secret alert tool, you should be buying and selling the currency pair. This tool basically consists of two types of arrows- one green color and another red color. Green color arrow is pointed upward and its appearance indicates the buying signal in the market whereas the red arrow is pointed downward and its appearance indicates selling the market.
- Awesome Oscillator
Awesome Oscillator consists of a histogram that moves either in positive or negative territory. It consists of bars that are green and red. Red bars of the awesome indicator suggest the bearish pressure in the market whereas the green bars indicate the buying pressure.
Buying Conditions Using Max Snake system.
- A green arrow pointing upward should appear below the price chart.
- Awesome oscillator indicator’s bars should be green in color.
- Place your stop just below the recent swing low.
- Take your profit when a red arrow pointing downward appears above the price chart.
Selling Conditions Using Max Snake system.
- A red arrow pointing downward should appear above the price chart.
- Awesome oscillator indicator’s bars should be red in color.
- Place your stop just above the recent swing high.
- Take your profit when a green arrow pointing upward appears below the price chart.
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