VFX system is a forex trading strategy that is designed to trade in the forex market. The VFX system is a very simple trading strategy. Even the beginner trader can easily understand and trade the system without any difficulties. The trading signals generated by the VFX system are clear as crystals. Before trading with the VFX system or any system out there, first of all you should have right mindset. You should be mentally prepared to trade in the market with discipline. You should stop yourself from making bad trading decisions and you should not make same mistakes again and again. You shout not overtrade. You should not do emotional trading. You should have a proper money management tools. These all are the basics but people underestimate it.
When talking about the Vfx forex trading system, it consists of only two indicators that will guide you to make good trading decisions. When the Vfx trading system is correctly installed on your trading platform your chart should look like this:
- Vostro: It is a custom built technical indicator which will show you the entry point on the basis of overbought and oversold conditions. The main idea of using this indicator is you would be buying when the vostro oscillator touches the -80 level and you would be selling when the vostro oscillator touches the 80 level.
- Timing Indicator: Timing indicator consists of an oscillator that oscillates between the level of 0 and 100. You should be buying when the timing indicator is green in color and should be selling when the timing indicator is yellow in color. This indicator also helps you to figure out the oversold and the overbought zone. It is considered best when you buy when the oscillator is oversold and when you sell when the oscillator is overbought.
Buying Conditions Using Vfx Trading System.
- Vostro indicator should touch the -80 level.
- Timing indicator should rise above the 30 level from the downside.
- You should place your stop loss just below the recent swing low.
- You should take your profits when the Vostro indicator touches the 80 level.
Selling Conditions Using Vfx System.
- Vostro indicator should touch the 80 level.
- Timing indicator should fall below 70 level from the upside.
- You should place your stop loss just above the recent swing high.
- You should take your profits when the Vostro indicator touches the -80 level.
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