Peddling Forex Trading Strategies

Description

It is designed to work on any currency pair. But for maximum profits, the trader should use the H1 time frame when trading. Also, this trading strategy is recommended for trading the European and American trading sessions and the best timeframe to use is the H1 timeframe.

The trading system also has sound alerts to alert the trader when a signal is given so as to prevent the trader from missing a trading opportunity.

When to place a Buy order

The main signal to look for before placing a buy order is the aqua colored up arrow. Then the trader should confirm the signal by ensuring that the moving averages lines of the Sniper indicator changes their color to aqua and that they are below the candlesticks. Also, the bars of the histogram Sniper Trend A and Sniper Trend B painted aqua.

When to place a Sell order

The main signal to look for before placing a sell order is the pink colored up arrow. Then the trader should confirm the signal by ensuring that the moving averages lines of the Sniper indicator changes their color to pink and that they are above the candlesticks. Also, the bars of the histogram Sniper Trend A and Sniper Trend B painted aqua.

Stop loss

For either the long (buy) or the short (sell) position, the trader should always set the stop loss at the level of the dotted line of the Sniper Stop indicator.