Light Forex System for MT4

The Light Forex System is a custom trend-following strategy.

It is made of the following indicators: multiple Simple Moving Averages, RSI, MACD, and BBSqueeze.

Explaining light forex system

Buy Entry
Open long trade when the following conditions are met:

  • Price closes above the colorful set of 28 period SMAs and forms a bullish candle;
  • RSI value goes above 50 level;
  • BBSqueeze and MACD shows the positive value;
  • Place your stop loss a few pips below last swing low.

Sell Entry
Open short trade when the following conditions are met:

  • Price closes belowthe colorful set of 28 period SMAs and forms a bearish candle;
  • RSI value goes below 50 level;
  • BBSqueeze and MACD shows the negative value;
  • Place your stop loss a few pips above last swing high.

Exit Trade / Take Profit
Close your open position when the RSI / BBSqueeze goes negative for a buy order, or goes positive for a sell order, or use your own preferred method of trade exit.


Related products