Forex System - Sell Signal Rules and Buy Signal Rules
Forex System, what's system?
· Writing Forex Strategy Rules
· How to Write Forex Trading Journals.
Sell Trading Signal
So the above is a trading system, simple forex system that is a combination of two indicators.
- Moving Averages- 2 MAs are used to form the MA crossover system. This crossover system generates signals when the two MAs crossover or under each other.
- RSI - RSI cross over over Center-mark, 50 level mark, generates either a buy or sell signal.
- You'll also require to learn how to draw trend lines like the ones above so as to know when a trend is broken and when currencies movement are about to change.
Sell Signal Rules - Forex system
To generate a sell trade signal we use the following signals
Moving Average heading downwards
RSI below the 50 center mark
For This system you would have placed the take profit at the support line where the price of the currency reached before pulling a retracement.
Buy Signal Rules - forex system
To generate a buy signal we use the following signals
Moving Average heading upward
RSI above the 50 center mark
Buy Trade Signal
A system is a good method to generate signals & although the above example look simple trading the above signals in real time will take a lot of time before you can start to trade with the ease that profitable traders trade with. So take some time to practice the art of executing your trade signals that you generate from your tradingtrade system.
Get More Tutorials:
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