Stretch indicator and Damiani Volameter Strategy

Stretch indicator and Damiani Volameter is a forex trading system. The Stretch indicator and Damiani Volameter are very efficient forex trading system. This forex trading system gives you plenty of opportunities to make money in the forex market. The Stretch indicator and Damiani Volameter system might look complex at first glance but with few days of practice, you can master this forex trading system. The various technical indicators used in this forex trading system give you an edge. Stretch indicator and Damiani Volameter is a trend following forex trading system. Make sure that you place your trades in the direction of the market. Any trades against the major direction of the trend will be a riskier.

This forex trading system automatically draws the pivot levels on the main chart which works as a potential support and resistance levels. The histogram of the Stretch indicator gives you the signal for entry/exit. The bars of the Goldminer indicator will confirm the signals.

When the Stretch indicator and Damiani Volameter forex trading system is correctly installed on your trading platform, your chart should look like this:

• Pivots

These pivots can be used to determine your stop loss and take profit levels as well but here in this system we have better tools to determine our SL and TP. We will use pivot level to determine the direction of trend as well. If the market is below the pivot, we will look only for sell signals whereas if the market is above the pivot, we will look only for the buy signals.

• Stretch

Stretch is a custom made technical indicator. It consists of an oscillator and a histogram. The crossover of histogram and oscillator generates the trading signal.

• Goldminer

Goldminer is a technical indicator which consists of blue and red bars. Blue bars indicate the buying opportunity while the red bars indicate the selling opportunity.

• Damiani Trade

Damiani Trade is a technical indicator which consists of two oscillators and the red line at the bottom. You shouldn’t be entering in the market when this red line appears as this red line indicates the indecisive market.

Buying Conditions Using Stretch indicator and Damiani Volameter System.

• Market should be above the green pivot line.
• The histogram of Stretch indicator should cross above the red dotted oscillator.
• The Goldminer indicator should form blue bars.
• The red line of Damiani trade indicator should disappear.
• 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 the bars of Goldminer turn red.

Selling Conditions Using Stretch indicator and Damiani Voltameter System.

• Market should be below the green pivot line.
• The histogram of Stretch indicator should be below the red dotted oscillator.
• The Goldminerindicator should form red bars.
• The red line of Damiani trade indicator should disappear.
• 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 the bars of Goldminerturn blue.

Open demo account to test this system.

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