Volume Arrows System is a forex trading system. Volume Arrows System is a very simple forex trading system but it’s very powerful one. It gives you accurate trading signals. If you follow the rules of the Volume Arrows System precisely then you can make good income by trading in the forex industry. Forex trading requires more of a discipline than the knowledge. Successful forex trading is more of an emotional intelligence than analytical intelligence. If you are not disciplined you lose money even if you are right. Controlling own emotion is the single most important aspect to master in trading business. Not only in forex market but in any other financial and commodity markets, rule is the same.
There are only two technical indicators used in Volume Arrows System. One is the arrows that you can see in the main chart window and another is the golden and green bars that you see in the indicator window. When the Volume Arrows System is correctly installed in your trading platform, your chart should look like this:
- Volume Arrow
Volume Arrow is the buy and sell arrow indicators that you can see in the chart. These arrows are based on the volume. When you see a red arrow pointing downward, it’s a sell signal. Similarly, when you see a blue arrow pointing upward, it’s a buy signal.
- Nice Value Chart
Nice Value Chart is a custom developed technical indicator which consists of golden and green bars. These bars will give you buy and sell signals based on the color of the bars. Green bars indicate buying signal while the golden bars indicate the selling.
Buying Conditions Using Volume Arrows System.
- A blue arrow should appear below the market.
- The Nice Value Chart indicator should form green bars.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when you see a red arrow above the market.
Selling Conditions Using Volume Arrows System.
- A red arrow should appear above the market.
- The Nice Value Chart indicator should form golden bars.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when you see a blue arrow below the market.
Download Free Forex Volume Arrows System
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