PerkyAstrend1 is a forex trading system. PerkyAstrend1 is really a simple and awesome forex trading system with which you can build many strategies. It is the system but strategy can be your own. Two people may trade with same system but their strategy can be different. Although two people use same system their stop and target level may vary, the way they manage their position might vary, and their holding period might vary as well.
PerkyAstrend1 contains nothing more than blue and red dots that appear below and above the charts. The main signal generators of this forex trading system are these dots. PerkyAstrend1 performs well in both trending and ranging market but when the market are very volatile and plays within the very tight range, this system will not work effectively. Hence, you should look for such pairs which are either trending or ranging in a understandable manner. When price fluctuates within a tight range of price for long time, such pairs are usually worthless to trade.
If you wish to trade with PerkyAstrend1 on smaller time frames, you should avoid trading during the highly volatile news events like NFP, interest rate decision, etc. Choose those types of currency pairs which are gradually making progress in a particular direction since such trends are much reliable.
When PerkyAstrend1 is correctly loaded on your trading platform your chart should see like this:
As you can see above there are only two types of dots; red and blue. You should make your trading decisions based on these two dots. Buy when you see blue dots and sell when you see red dots.
Buying Conditions Using PerkyAstrend1 system.
- Look for the blue dots on the chart.
- Open long position when you see blue dot.
- Place your stop loss just below the recent swing low.
- Take your profits when you see red dot.
Selling Conditions Using PerkyAstrend1.
- Look for the red dots on the chart.
- Open short position when you see a red dot.
- Place your stop loss just above the recent swing high.
- Take your profits when you see a blue dot.
Download Free Forex PerkyAstrend1 Indicator