Forex Trading System
Step1: I have found this particular system works best with Avafx, so sign up: Click here to sign up
Step2: download the software from the site
Step3: when you have set up the trading software and deposited some funds, open the chart for EURGPB and select 2 hour time frame.
Set up the Moving Average Indicators as follows:
- Right click on the graph.
- Select “chart Settings”
Then Scroll through all the indicators till you get to MA(Moving Averages)
Set up the Moving Averages as follows:
Moving Average 1
Period: 15
Type: Exponential
Color: Green
Moving Average 2
Period: 30
Type: Exponential
Color: Red
Once the Chart is setup – You are ready to start trading the system
Instructions:
Step 1: Find the PRIMARY TREND of the EUR/GBP currency pair- Its either up or down (you can do this by zooming out of the graph and looking at the weekly time frame)
If the Primary trend is up:
You are going to only be wanting to enter a trade when the forex pair starts an upswing as it has more “momentum” in the upwards direction, and the moving averages will give you your signals for entering:
Enter when:
The GREEN Moving Avearge (MA) crosses the RED moving average Line from the BOTTOM.
Stoploss: Must be 35pips, adjust it accordingly when you enter into profit
If the Primary trend is Down:
You are going to only be wanting to enter a trade when the forex pair starts an downswing as it has more “momentum” in the downwards direction, and the moving averages will give you your signals for entering:
Enter when:
The GREEN Moving Avearge (MA) crosses the RED moving average Line from the TOP.
Stoploss: Must be 35pips, adjust it accordingly when you enter into profit
