Supremo FX Signals is based on pivot, support/resistance and trend trading. At no one time does the trader have to deal with any part of market analysis. All that is needed is to follow the simple buy or sell signals generated by the indicator.
Even for the Forex beginners who don’t know anything about forex trading, they can still make a lot of money by simply copy and paste the signals of any trading platform for any broker you choose to work with.
Supremo FX is mainly designed for support and resistance trading systems. This means that this indicator takes advantage of price swings between resistance and support levels.
The indicator’s settings, have all support and resistance levels listed; from R1 to L4. The supports and resistance are set to be true while the Ls are set to be false meaning note to use. The foremost support and resistance levels are: S1-2-3 and R1-2-3 respectively.
The indicator also has the option of following major trends by using two trend filters. The trader is left with the option of using one or both filters to get the signals according to the current main trend.
When using this indicator for the first time on any chart, you may not see any signal appearing. As an alternative to waiting for a signals to be generated on the current time frame, you can simply toggle between the time frames until you get a signal on one of them.
Fig.1. The SupremoFX indicator showing its not time to trade.
For example, if you started using the system on H1 time frame and there are no signals shown on the chart, switch to another time frame starting from 5M to the highest timeframe allowed on your platform until you get a signal. If still there are no signal generated just use the indicator on another currency pair.
Supremo FX Placing orders.
There are two types of this indicator which are the basic type and the pro version. The pro version is an upgrade of the basic version and it is the best and most advisable to use. Both provide their signals on the top left corner of the chart.
When using the basic indicator, you will see the signals in this form:
Fig.2. Form of signal given when using the basic typ of the Supremo FX.
As evident from the above snapshot the indicator only gives one line of signal that tells you whether to buy or sell while giving the stop loss and target points. This move is the one that goes with the major trend of the market.
However, when using the Turbo version of the indicator, you will have the option to see double signals that would look like this:
Fig.3. Form of the signal given when using the trbo version of the Supremo FX indicator.
The difference between the two types of the indicator is that with the turbo version you can trade both sides of the trend at the same time while with the basic version you can only trade one side of the move.
Sometimes, as the trader can get signals based on support and resistance points although this don’t happen too often.
With the Turbo version, you have the option to trade all kinds of price movement. That of course means more profit opportunity.
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