This trading system, which aims to provide a lucrative trade user manual, plus you can use to receive signals for possible potentially profitable entry points.
How does the strategy of “Rover North Forex System” ? For the analysis of market strategy uses 3 screens Elder and 2 indicator Moving Average (MA). Strategy designed for such currency pairs like EUR / USD, USD / CHF and GBP / USD. You need to download the schedule with a period of 5 minutes (M5) of the previously listed currency pairs, then add to the chart indicators EMA with a period averaging 10 and EMA with period 144.
Conditions for opening short positions.
1. The price schedule should be below the EMA (155) 30-minute, 15-minute and 5-minute time intervals.
2. EMA (10) is below the EMA (144) to the same time intervals.
3. The price schedule is below the EMA (10) on the 5-minute time interval.
4. Expect a few candles closed below the EMA (10) on the M5 time period.
5. If the price chart makes Returns performs a rollback to the EMA (10) on the M5 slot – open position. 6. Do not close the position before the signal out of the market: the closing trading candles above the EMA (144) on one of the above-mentioned time intervals. Or in the preparation of the profit 3-50 points.
Conditions for opening long positions:
1. The price schedule should be above the EMA (144) 30-minute, 15-minute and 5-minute time intervals.
2. EMA (10) is above value of EMA (144) at the same time intervals.
3. The price chart is above the EMA (10) on the 5-minute time interval.
4. Expect a few candles, closed above the EMA (10) on the M5 time period.
5. In If the price chart makes a return, performs a rollback to the EMA (10) on the M5 slot – open position.
6. Do not close the position before the signal out of the market: the closure of the Japanese candle below the EMA (144) on one of the above-mentioned time intervals. Or in the preparation of the profit 3-50 points. The creator of this strategy does not recommend to trade 45 minutes before going out into the market and important news after their release.
Not recommended also to trade during the Asian session. How to use the signal counselor? You need to add it to the price chart as a regular expert. Scanning the market signals will appear to the user, and so he decides – to open his position or not. If you want the advisor himself open trade orders, select the parameter AllowTradeLive – «true».
It should be noted that the adviser is not closing unprofitable orders, it performs only their discovery and, if necessary Trailing-Stop. In the default settings Take-Profit and Stop-Loss is equal to “0”; must, in my opinion, the most adapted to the market price, depending on the situation. I would like to make a short summary. The trading system «Rover North Forex System» easy to use, uses logical algorithms to enter the market, the most adapted to market conditions. But she needs to be corrected depending on your trading style, and make it very difficult not.
Also, users must clearly define the parameters of Stop-Loss, Take-Profit and Trailing-Stop for a comfortable, stable and profitable trading.