• Home
  • About
  • Contact

Forexobroker

Download Our Forex Strategies and Indicators

  • Daily Forecast
  • Tradingview Tools
  • Courses
  • Metatrader 4 Indicators
    • Free Metatrader Indicators
    • Paid Metatrader Indicators
  • Metatrader 4 Systems
    • Free Metatrader Systems
    • Paid Metatrader Systems
  • EA’s
    • Paid Expert Advisors
  • Forex Brokers

Scientific Forex

July 13, 2015 by Dominic Walsh Leave a Comment

Scientific forex is a forex trading strategy that is specially developed to trade in the foreign exchange market. Scientific forex system generates the trading signal on the basis of various mathematical calculations and the signals are verified by various indicators. It is very rational approach of opening a position in the market so it is called scientific forex. Scientific forex is a trend following strategy so this system works best on the trending market rather than in the flat or sideways market. One should not be confused between a trending market and the correction market. An upward corrective market on the 4 hour chart might be uptrend market on the 5 minutes chart. One should be careful in such types of scenarios. For finding out the major trend of the market for trading daily chart is recommended. The trend that is seen on the daily chart can be considered as a major trend of the particular pair.

Scientific Forex is a simple trading strategy but its application is for both the amateur traders and the experts. Both types of traders can use this strategy for enhancing profitable trading. This system can be used on any time frame but the time frames below than 15 minutes are not recommended since the market is too choppy on those time frames. However, you can trade any pair.

Scientific Forex consists of four technical indicators but we will consider only three of them.

Scientific Forex

  • Parabolic SAR: Parabolic SAR is a dotted line that is formed above and below the price chart. It is a technical indicator. Our main trading signal will be generated by the parabolic sar in scientific trading forex system. It is purple in color.
  • RSI: RSI stands for relative strength index. It is a customized RSI since it doesn’t look like the ordinary RSI. Generally RSI is used for spotting the divergence and to figure out the overbought and oversold territory.
  • MACD: MACD stands for moving average convergence divergence. MACD can be used to know the direction of the market. When the MACD is hovering in the positive territory it indicates the bullish market while when the MACD is hovering in the negative territory it indicates the bearish market.

Buying Conditions Using Scientific Forex.

Scientific Forex

  1. Parabolic SAR should appear below the price chart.
  2. RSI should be above the level of 30.
  3. MACD should be in positive (or near the zero) territory.
  4. Place your stop just below the recent swing low.
  5. You should take your profits when the RSI comes down to touch the level of 50.

Selling Conditions Using Scientific Forex.

Scientific Forex

  1. Parabolic SAR should appear above the price chart.
  2. RSI should be below the level of 70.
  3. MACD should be in negative (or near the zero) territory.
  4. Place your stop just above the recent swing high.
  5. You should take your profits when the RSI rises higher to touch the level of 50.

Open demo account to test this system.

Download Free Scientific Forex

Download Scientific Forex

Filed Under: Free Metatrader Systems

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • RSS
  • Twitter
  • YouTube
Forexobroker

Archives

  • February 2023 (2)
  • January 2023 (6)
  • December 2022 (6)
  • November 2022 (19)
  • October 2022 (20)
  • September 2022 (27)
  • August 2022 (13)
  • July 2022 (4)
  • June 2022 (2)
  • May 2022 (2)
  • April 2022 (3)
  • March 2022 (5)
  • February 2022 (3)
  • January 2022 (5)
  • December 2021 (1)
  • November 2021 (3)
  • October 2021 (3)
  • September 2021 (2)
  • August 2021 (1)
  • July 2021 (1)
  • June 2020 (7)
  • May 2020 (6)
  • April 2020 (7)
  • March 2020 (7)
  • February 2020 (10)
  • January 2020 (3)
  • November 2019 (1)
  • September 2019 (3)
  • August 2019 (3)
  • June 2019 (1)
  • December 2018 (1)
  • November 2018 (4)
  • October 2018 (9)
  • September 2018 (11)
  • August 2018 (5)
  • July 2018 (6)
  • June 2018 (3)
  • May 2018 (6)
  • April 2018 (2)
  • March 2018 (9)
  • February 2018 (8)
  • January 2018 (10)
  • December 2017 (10)
  • November 2017 (14)
  • October 2017 (3)
  • September 2017 (3)
  • August 2017 (13)
  • July 2017 (25)
  • June 2017 (21)
  • May 2017 (20)
  • April 2017 (21)
  • March 2017 (15)
  • February 2017 (16)
  • January 2017 (18)
  • December 2016 (11)
  • November 2016 (21)
  • October 2016 (63)
  • September 2016 (24)
  • August 2016 (22)
  • July 2016 (16)
  • June 2016 (16)
  • May 2016 (16)
  • April 2016 (23)
  • March 2016 (29)
  • February 2016 (22)
  • January 2016 (22)
  • December 2015 (29)
  • November 2015 (28)
  • October 2015 (29)
  • September 2015 (41)
  • August 2015 (52)
  • July 2015 (47)
  • June 2015 (55)
  • May 2015 (50)
  • April 2015 (58)
  • March 2015 (22)

  • Home
  • About
  • Contact

Categories

  • Daily Forecast
  • Tradingview Tools
  • Courses
  • Metatrader 4 Indicators
    • Free Metatrader Indicators
    • Paid Metatrader Indicators
  • Metatrader 4 Systems
    • Free Metatrader Systems
    • Paid Metatrader Systems
  • EA’s
    • Paid Expert Advisors
  • Forex Brokers

Visit Our Forex Strategies And Forex Indicators Below:

Forex Trading Strategies

Free Forex Indicators

Paid Forex Indicators

Paid Forex Strategies

“Our order process is conducted by our online reseller Paddle.com. Paddle.com is the Merchant of Record for all our orders. Paddle provides all customer service inquiries and handles returns.”

© 2015-2023 Forexobroker

Copyright © 2023 · Magazine Pro Theme on Genesis Framework · WordPress · Log in