Forex Smart Pips Trading System
Trading Systems Last update: October 6, 2024The Forex Smart Pips Trading System is a double crossover trading strategy that uses four different moving averages for identifying the market trends.
It has additional elements like daily pivot points and momentum oscillators in order to produce a complete trading formula for its users.
In the top right corner, there is also a small dashboard that informs MACD, STR, EMA trends for each time frame (M1-H4). Plus it provides info about current spread, pips to open, hi to low, and daily average.
How to use smart pips system in trading?
Trading Rules Explanation
Buy Entry
Enter long trade when the following conditions are met:
- 5LWMA moves above 8LWMA
- 18EMA is greater than 28EMA
- Price is supported by the Daily Pivot level
- FX Smart Pips bars turn green
- Set stop loss below the current pivot level
Sell Entry
Enter short trade when the following conditions are met:
- 5LWMA moves below 8LWMA
- 28EMA is greater than 18EMA
- Price is resisted by the Daily Pivot level
- FX Smart Pips bars turn red
- Set stop loss above the current pivot level
Exit Trade / Take Profit
Exit trade when the 8LWMA and 5LWMA make the opposite crossover or use your own method of trade exit.
