Paradise Trading System is a trend following strategy which was created for intraday trading. It is a simple trading method. Even a newcomer to forex world will easily understand trading rules of this system and trade it without having much experience in the past. A lot of newbies fail in forex not because of lack of knowledge but because of the emotional and psychological aspects of trading which they are unaware of. Self-discipline is a must to master any trading system, so give it a time to learn and test it properly.
Paradise Trading System is made of three technical indicators:
- Paradise Trading System Auto Pivot indicator – it places the pivot points on the main screen. Pivot points are one really useful tools of technical analysis. Pivot points are used to figure out the support and resistance in the market. The support and resistance which are shown by the pivot points are often the turning / reversal points of the price direction. In short pivot points help the traders to recognise the high propability support and resistance levels.
- Paradise Trading System Entry/Exit Trend indicator – it is a dotted yellow line that moves along with the price. Usually the trade signals are generated when this entry/exit trend signal reverses on the chart.
How to trade with Paradise Trading Strategy?
Open BUY- when a blue arrow appears below the chart. Set stop loss 20 pips below and take profit 40 pips above from the entry level.
Open SELL – when a red arrow appears above the price chart. Set stop loss 20 pips above and 40 pips below the entry level.