Sure Forex System
Platform: Trading Systems Last update: January 9, 2019// by sureforexsystem.com
Let me introduce you to this absolutely amazing and easy Forex Strategy. You just need to use the “draw line tool” in your trading platform to make the trading box and add just one moving average on your chart to validate the trade.
How the Sure Forex System Works
The Sure Forex System is based on the idea that a GBPUSD will fluctuate. Within a particular range and the range will vary according to routine pressures. By using the Sure Forex System you will assess this range and take advantage when the currency pair breaks out of the base line range.
Sure Forex System Step by Step:
First set up your chart. This the same process every day and only takes a few minutes
1. Open a 15 min Chart for a GBP/USD
2. Draw a vertical line at 04:00gmt time on your GBP/USD Chart.
3. Draw a vertical line at 06:00gmt time on your GBP/USD Chart.
Please note the charts shown here are on FXDD which is GMT+2. So the
lines appear on the chart at 06:00 and 08:00
4. Draw a Horizontal line at the high of candles/bars in between the vertical line.
5. Draw a Horizontal line at the Low of candles/bars in between the vertical line.
6. Add a 89 ema (exponential moving average) to the chart.
Sell Trade
If the 89 ema (the blue line) is ABOVE the box place a pending sell order (sellstop) 5 pips BELOW the bottom line of the box. Set your stop loss at 20 pips and your take profit at 75 pips. Set a 45 pip Trailing Stop. When you are 20 pips in profit move your stop to break even.
Buy Trade
If the 89 ema (the blue line) is BELOW the box place a pending buy order (buystop) 5 pips ABOVE the top of the box. Set your stop loss at 20 pips and your take profit at 75 pips. Set a 45 pip Trailing Stop When you are 20 pips in profit move you stop to break even.