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Max Stops V1

September 28, 2015 by Dominic Walsh Leave a Comment

Max Stops V1 is a forex trading system. Max Stops V1 is composed of only an indicator named Max Stops which is custom made parabolic SAR indicator. Max Stops V1 system is very easy to trade and it is also very easy to understand. The system is very effective in a trending market and of course it is a trend following strategy. You will also notice that Max Stops indicator also works as support and resistance levels. The Max Stops v1 system also works in flat market although it might not be effective as in a trending market.

Max stops indicator is nothing more than a combination of dots. When the market is bullish Max Stops indicator appears below the chart and you can see the combinations of many blue dots. Conversely in a downtrend you can see the yellow dots above the chart. So you should buy and sell on the basis of these dots and its colors. The systemseemed to be effective in the M1, M5, M30, and H1 charts. In any time frame higher than mentioned time frames, the max stops indicator couldn’t perform well.

It is important that you should know the market conditions before you enter in to the market. Market can be whether bullish, bearish or sideways. The methods used while trading in a trending market and in a sideways market differs. Even when you use Max Stops indicator you use it in one way in a trending market and in another way in a sideways market.

When the Max Stops V1 is correctly installed on your trading platform, your chart should look like this:

Max Stops V1

  • Max Stops Indicator

I believe that I don’t need to explain further about the Max Stops Indicator as I have already explained about the indicator. In short, you can take this indicator as a parabolic SAR indicator. The blue and the yellow dots are the main signals for our trading decisions.

Buying Conditions Using Max Stops V1.

Max Stops Indicator

  • Blue dots (Max Stops indicator) should appear below the chart.
  • Make your entry as soon as another dot appears.
  • Place your stop loss level just below the recent swing low.
  • Take profit when yellow dots begin to form above the price charts.

Selling Conditions Using Max Stops V1 System.

Max Stops V1 System

  • Yellow dots (Max Stops indicator) should appear above the chart.
  • Make your entry as soon as another dot appears.
  • Place your stop loss level just above the recent swing high.
  • Take profit when blue dots begin to form below the price charts.

Open demo account to test this system.

Download Free Forex Max Stops V1 Indicator

Download Max Stops Indicator

Filed Under: Free Metatrader Indicators Tagged With: dots indicator

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