The EFS Foreign Exchange Trading Strategy

The EFS (easy forex system) incorporates three custom indicators to provide bullish and bearish market predictions. It is a marvelous forex trading system appropriate for newbies as well as seasoned traders.

Features

Fratelli_MACD.ex4 (default settings), easy-forex system.ex4 (default settings) and fisher_yur4ik.ex4 are the only three custom MetaTrader 4 indicators required.

The recommended time frame for utilizing the strategy is one minute, five minutes, fifteen minutes, thirty minutes, one hour or four hours.

Applicable on any recommended trading sessions.

The recommended currency pairs for utilizing the strategy are USD/CHF, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, NZD/USD and EUR/CHF.

Purchase Instance

the-efs-foreign-exchange-trading-strategy_1

Purchase Rules

The following conditions are observed for a purchase signal in the market based on the following chart arrangements:

1. If the bar begins and ends higher up the blue line of the easy-forex-system custom indicator, it’s an indication that price pressure approves the upward side.

2. The lime colored histograms of the fisher_yur4ik custom indicator creates higher up the 0:00 levels, an arrangement that approves a bulls market trend.

3. The creation of lime colored dotted borderlines of the fratelli_MACD custom indicator approves a bullish market trend.

Position your stop-loss beneath the green borderline of the easy-forex-system custom indicator in alignment with personal cash management rules.

Take-Gain for Purchase Entry

Position an exit or take-gain when the following indicators are observed:

1. If a bearish bar bypasses beneath the green borderline of the easy-forex-system custom indicator, it indicates a change in direction and a take-gain or exit should be established.

2. If red histograms of the fisher_yur4ik custom indicator creates beneath the 0:00 level, it indicates a change in direction and thus approves an exit.

3. If the magenta colored dotted borderlines of the fratelli_MACD custom indicator creates, it approves a change in direction sentiment and thus an exit is highly recommended.

Auction Rules

Begin an auction order when the following chart arrangements are observed:

1. If the bar begins and ends beneath the green borderline of the easy-forex-system custom indicator, it explains that price pressure approves the upward side.

2. The red histogram of the fisher_yur4ik custom indicator creates beneath the 0:00 mark, it is an arrangement that approves a bearish market trend.

3. The creation of magenta colored dotted borderlines of the fratelli_MACD custom indicator approves a bearish signal.

Position your stop-loss higher up the blue border lines of the easy-forex-system custom indicator in alignment with personal cash management rules.

Take-Gain for an Auction Entry

The following conditions will determine your take-gain or exit strategy for your auction position:

1. If we observe a bearish bar closing higher up the blue border line of the easy-forex-system indicator.

2. If lime colored histogram creates higher up the 0:00 mark of the fisher_yur4ik custom indicator.

3. If we observe lime colored dotted borderlines of the fratelli_MACD custom indicator, a take-gain or an exit should be established.

the-efs-foreign-exchange-trading-strategy_2

Danger-SignUtilize this strategy at your own risk. WindsorForex.com cannot be responsible for any losses associated with utilizing any strategy presented on the site. It’s not recommended to utilize this strategy on the real account without testing it on demo first.

 

 

Click Here To Download More Forex Systems
About The Author

Mike N

Financial Trading Systems Design Expert

Leave A Response

* Denotes Required Field