Forex Spectrum System is an MT4 Trading Systems that gives NON-Repaint buy/sell signals. This system is based on 7 different indicators. It comes with the Probability Meter dashboard indicator that shows various helpful information.
It’s a trend-following day Trading System for MT4. It combines dynamic trendlines and smoothed moving averages with multiple trend oscillators for determining potential buy-sell signals.
Forex Spectrum System works better on shorter timeframes and perfectly suits scalping or day trading.
Spectrum Forex Trading System comprises moving average crossovers and Buy Sell Magic, ensuring the signals perfectly align with the current market trend. Moreover, it applies a triple trend filtering system so traders can precisely assess the current trend.
The Trend Following Strategy is entirely manual. The indicators produce the signals, but any decisions to enter the market and to set protection stops or profitable exit stops will depend on the trader. Therefore, the trader must be familiar with the principles of risk and reward and use initial support and resistance areas to set entries and exits.
Forex Spectrum Indicator can give you trading signals you can take as they are or add your additional chart analysis to filter them further, which is recommended. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.
The 11 MA(red) and the 21 MA(white) generate crossover trend signals. These moving averages are smoothed and work as dynamic support/resistance levels.
After getting a trend confirmation, use the Buy Sell Magic arrow signal to make your primary trading decision. Besides, the Pivot Points Multi-Timeframes indicator plots horizontal lines showing key support resistance levels of the price.
Before confirming an order, verify the signal using the RSI Filter, RBCI Hist, and Solar Wind trend oscillators. These indicators plot blue and red bars, providing buy-sell confirmations and useful trend information. Additionally, you can decide on a trade exit whenever the Solar Wind signals an opposite trend to your entry.
This MT4 Trading Systems is very simple and straightforward. Even a complete beginner can start trading and making profits with this system. You can set it to send you a signal alert via Mobile Notification, platform pop-ups, and Email. This is helpful as it means you do not need to stare at the charts all day, waiting for signals to appear, and you can monitor multiple charts simultaneously.
You can set this Profitable Forex Strategy to send you a signal alert. This is helpful as it means you do not need to stare at the charts all day, waiting for signals to appear, and you can monitor multiple charts simultaneously.
Trading System for MT4 can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it in any time frame that suits you best, from the 5-minute to the 30-minute charts. Work best on M15 TimeFrames.
Trading rules for this MT4 Trading Systems
As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
- The 11 MA moves above the 21 MA.
- Buy-Sell Magic plots a green arrow.
- The price breaks above the immediate pivot resistance.
- RSI Filter bars turn blue.
- RBCI hist and Solar Wind plots blue bars, showing positive values.
- The 11 MA drops below the 21 MA.
- Buy-Sell Magic shows a red arrow.
- The price moves below the immediate pivot support.
- RSI Filter bars transform into a red color.
- RBCI hist and Solar Wind value turns negative and plot red bars.
Trade Exist for Forex Spectrum
Any positions with this system can be liquidated using a fixed profit target. Alternatively, the profit target should be set using previous support or resistance as a reference point. You can draw a line from the previous support/resistance to run horizontally to set your Take Profit a few pips below that level. You may also exit the trade manually if the system conditions reverse.
It is recommended to use a stop loss. Set SL below the entry price using previous support/resistance as a reference point Or on the previous high/low swing. Using fixed stop loss settings without any reference points is not advocated.