FX Max with XO Trading System
Platform: Trading Systems Last update: June 6, 2020The FX Max with XO trading system is a very simple forex strategy for slow intraday trading. This strategy generates few signals based on XO indicator filtered by FX Max a slow trend indicator. The main goal of this forex strategy is to have an efficient system based on fewer but clearer trading signals. The system applies to currencies and financial instruments that are in trend at the timeframe of 4H, so look for currencies in trend.
Time Frame: 15 min.
Currency pairs: Majors, Minors and Indices.
Metatrader Indicators included in Fx Max with Xo Trading System:
Pivot points levels,
FX MAX (slow trend following indicator),
XO MTF alerts (30 min settings),
Precision trend (optional filter – with this filter the system generates few signals) .
How to trade with FX MAX with XO Trading System?
Below you can find the trading rules for FX Max with XO forex strategy.
Buy signals
Open long trade when the following conditions are met:
- FX MAX bar is green,
- XO MTF alerts dot is aqua,
- Precision trend bar is green.
Sell signals
Open long trade when the following conditions are met:
- FX MAX bar is red,
- XO MTF alerts dot is red,
- Precision trend bar is red.
Exit suggestions:
- with a predetermined profit target with ratio 1:12 of stop loss;
- at the arrival of the opposite dot of XO MTF alerts;
- at the touch of pivot points levels indicator.
Place initial stop loss on the previous swing low/high.
In the archive file, you will find two templates for the system.
FX Max with XO Trading System Free Download.
To download the FX Max with XO Trading System for Metatrader 4 (MT4) for free just click the button below:
