Pietrofx Method Trading System is a forex trading system. It is a simple system. Although, Pietrofx Method Trading System generates signal in both in the direction of trend and in the counter trend direction, we recommend you to take only the trades that are in the direction of the major trend. This reduces the chances of loss as trend doesn’t reverse too often. There are only two technical indicators in the main chart and three indicators in the indicator window. There is an indicator called paint bars in the main chart window but it won’t play vital role in decision making. Other remaining indicators in the indicator window play the role of filtering the signal and make the signals more reliable.
The main signal generator of our system will be signal trend signal. When Pietrofx Method Trading System is correctly installed on your trading platform, your chart should look like this:
- Silver Trend Signal
Silver Trend signal is nothing more than blue and red arrows. Blue arrow indicates the buying signal while the red arrow indicates the selling signal. This indicator is the major signal generator indicator of this system.
- Speed 20
Speed 20 does the work of filtering the market directions. When the bars are green it’s a bullish signal and when the bars are red it’s a bearish signal. You should buy only when you see the green bars and vice versa.
- Flat Trend
Flat Trend is also similar to the Speed 20 indicator as it does the work of filtering the market noises and shows you whether the market is bullish or bearish at particular time period. Buy when the bars are green and sell when the bars are red.
- Vortex Indicator
Vortex indicator consists of green and red oscillators. When the green oscillator crosses above the red oscillator, it is a buy signal while when the green oscillator crosses below the red oscillator, it is a sell signal.
Buying Conditions UsingPietrofx Method Trading System.
- Silver Trend Signal (a blue arrow) should appear below the price chart.
- Speed 20 indicator should form green bars.
- Flat Trend indicator should form green bars.
- Green oscillator of Vortex Indicator should cross above the red oscillator.
- Place your long positions as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when Silver Trend Signal (a red arrow) appears above the price.
Selling Conditions Using Pietrofx Method Trading System.
- Silver Trend Signal (a red arrow) should appear above the price chart.
- Speed 20 indicator should form red or yellow bars.
- Flat Trend indicator should form red bars.
- Green oscillator of Vortex Indicator should cross below the red oscillator.
- Place your short positions as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when Silver Trend Signal (a blue arrow) appears below the price.
Download Free Forex Pietrofx Method Trading System