Power Fx Smooth is a forex trading system. Power Fx Smooth is a very simple forex trading system. The Power Fx Smooth is a moving average based forex trading system. The buy and sell signals are generated on the basis of moving average which is at the main chart window. The Power Fx Smooth forex trading system can be used for scalping and swing trading purposes. The Power Fx Smooth can be used by beginner traders as well as expert traders. The Power Fx Smooth forex trading system is flexible regarding the time frame and the currency pairs. You can trade with almost any currency pairs with this forex trading system and you can trade on any time frames.
When you install Power Fx Smooth in your trading platform, your chart should look like this:
- Signal Line
Signal Line is a forex trading indicator. It is the modified version of moving average. When the trend of the market is upward, the Signal line is blue and when the market is down the signal line is red.
- Golden Finger
Golden Finger is a technical indicator which consists of red and green arrows. Green arrow indicates the buying signal while the red arrows indicate the selling signal.
- William’s percentage range
It is an oscillator indicator which swings higher and lower. You should be buying when this indicator is trending higher and you should be selling when this indicator is trending lower.
- Fortitudo Trend
Fortitudo Trend is a technical indicator which has a histogram that fluctuates in positive and negative territory. When the histogram is in positive territory, it indicates buying signal and when the histogram is in negative territory, it is a selling signal.
- Fx Sniper
Fx Sniper consists of two oscillators; blue and red. The blue oscillator moves faster and the red moves slower. When the blue oscillator is above the red, you should be looking to buy and when the blue oscillator is below the red, you should be looking for selling opportunities.
Buying Conditions Using Power Fx Smooth.
- Market should be up trending.
- Market should be bouncing from the recent swing low.
- Signal line should be blue.
- A green arrow should appear below the market.
- William’s percentage range indicator should be up trending.
- Fortitudo should form positive histograms.
- Blue oscillator of Fx Sniper indicator should be above the red oscillator.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when a red arrow appears above the market.
Selling Conditions Using Power Fx Smooth.
- Market should be down trending.
- Market should be falling from the recent swing high.
- Signal line should be red.
- A red arrow should appear above the market.
- William’s percentage range indicator should be down trending.
- Fortitudo should form negative histograms.
- Blue oscillator of Fx Sniper indicator should be below the red oscillator.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when a green arrow appears below the market.
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