Tw version 8 is a forex trading system which is designed to trade effectively in the market. TW Version 8 is the result of serious hard work of the developer as it contains so many tools and algorithms which make a system totally worth using for. TW Version 8 is really a reliable and powerful forex trading system. The system is basically a trend following system but strategies which are focused on counter trend trading also work well with it. However, we will focus trading only in the direction of the trend. TW Version 8 consists of 12 indicators on the main chart window and four indicators on the four different indicator windows. TW Version 8 provides you almost everything you need to make a effective trading decisions. It plots support and resistance levels automatically on the chart. It has also got information like high, low, spread, candle time and divergence.
There is also a facility which shows the upcoming fundamental events with their degree of impacts on the market. This feature helps traders to save their precious time. Additionally, the system will also let you know the situation of buyers and sellers in the market by indicating the percentage of buyers and sellers in the market. The indicators used in the indicator window at the bottom of the main chart are used to filter the signal which is generated by the indicators on the main chart.
When the TW Version 8 is correctly installed on your trading platform your chart should look like this;
Fortunately, although there are so many indicators that are in this forex trading system, you do not have to go through each and every indicator in detail to make a successful trade. But TW Version 8 system is a dynamic system, meaning it can be used in various ways while we focus on easiest and most effective method. There are moving averages, support and resistance, etc. on the main chart but we will focus only on the arrows, the color of the arrows. We should be buying when the color of the arrow is blue and selling when the color of the arrow is red.
Below on the indicator window is a Trend Session indicator which is a filtering tool. It’s simple you buy when the bars are green and vice versa. Similarly, we have winner indicator, which works similar like that of Trend Session indicator. We will buy when the bars of the winner system is green and vice versa. And here comes another indicator, super Trend, which is also a filtering tool. You should buy only when the bars of super trend indicators are green and vice versa. Similar is the case with the FSP aggressive Entry indicator.
Buying Conditions Using TW Version 8 system.
- A blue arrow should appear below the price chart.
- Trend Session indicator should form green bars.
- Winner indicator should form green bars.
- Super trend indicator should form green bars.
- FSP Aggressive Entry indicator should form green bars.
- Open a long position when all the above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profits when a red arrow appears above the chart.
Selling Conditions Using TW Version 8 system.
- A red arrow should appear above the price chart.
- Trend Session indicator should form red bars.
- Winner indicator should form red bars.
- Super trend indicator should form red bars.
- FSP Aggressive Entry indicator should form red bars.
- Open a long position when all the above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profits when a blue arrow appears below the chart.
Open demo account to test this system.
Download Free Forex TW Version 8 Strategy
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