Spat Forex System

The Spat Forex System is an amazing trading strategy for forex, indices and commodities traders. it was developed by a trader called Grab in 2016.

Fig.1. The Spat Forex System.

The Spat Forex System is designed for use with 15 minutes timeframe and higher timeframes. It can be used to trade any currency pairs, indices and commodities.

It uses a combination of several indicators namely:

1. Super Dem (static support and resistance).
2. Combo indicator: This is a mishmash of indicators that have an accurate trend following capabilities and no lagging. These indicators are mainly for detecting the currency pair strength by use of a unique algorithm, which doesn’t repaint. This indicator is also very useful especially if the trader missed the initial entry and he or she wants to re-enter a trade.
3. Momentum arrow. This indicator indicates an order should be executed if all the other indicators are saying the same thing.  It acts as a good confirmation for any signal.  It is also doesn’t repaint. Red indicates possible sell and green indicates possible buy signal.
4.  Heike Ashi.
5. Period multiplier.
6. Major trend.
7. Ibfx pivot.
8. Mini chart.

How to use the Spat Forex trading System

• Buy signal

For the trader to place a buy order the trader should look out for the following signs.

1. The market prices should have bounced from the previous spatsupdem blue lines. Or if the supdem blue lines starts to auto-draw.
2. If the momentum arrow that is generated is green in color.
3. If the Spat combo is blue.
4. Then the trader should take note and ensure that he or she doesn’t close the order until the current candlestick closes when it is still blue for higher returns.
5. If the market prices crosses spat smooth up and color change to blue
6. If everything is in order, the trader should scan through other higher time frames so that he or she can get to know the market price trend and also other pairs at the same time frame as well.
7. The stop loss and take profit or exit levels will depend on the time frame. But you should try and make the stop loss to be SL to be some pips away from nearest swing high.

• Sell signal

For the trader to place a sell order the trader should look out for the following signs.

1. The market prices should have bounced from the previous spatsupdem red lines. Or if the supdem red lines starts to auto-draw.
2. If the momentum arrow that is generated is red in color.
3. If the Spat combo is red.
4. Then the trader should take note and ensure that he or she doesn’t close the order until the current candlestick closes when it is still blue for higher returns.
5. If the market prices crosses spat smooth down and color change to red.
6. If everything is in order, the trader should scan through other higher time frames so that he or she can get to know the market price trend and also other pairs at the same time frame as well.
7. The stop loss and take profit or exit levels will depend on the time frame. But you should try and make the stop loss to be SL to be some pips away from nearest swing high.

Fig.2. How to use the the Spat Forex System.

Open demo account to test this system.

Download Free Forex Spat Forex System