The system trading bases on the price’s striving to the balance point. In cases, when the price deviated too much, it strives to go back to a certain balance. This is the basis of the system. At the same time there are some factors having a great impact on the price and its motion, which are to be taken into consideration when analyzing the market.
The trading is mostly mid-term or intraday. It’s also essential to notice that some orders can be held up to 3 days, but usually not more. The Forex signals can be sent as market orders and even and pending ones. Usually positions are shut up by take-profit or stop-loss, as a rule set before.
The market is mostly analyzed and controlled on the timeframes M15 and higher before opening a position. Talking about the indicators, it’s necessary to admit that the balance line and trading channels, Murray levels, pivot points, volatility levels and support and resistance lines are used in order to get the full understanding of the situation on the market. The trading can be trend and trend-reversal, depending on the situation. The points for entering the market and giving Forex signals are determined with the help of special level system and in accordance to the current position of Forex market.
Some Forex signals can be given on different currency pairs for the diversity of the market. As the trading is done in accordance with one strategy, but on different timeframes, a couple of order with different targets can be opened at the same time. For example, the 1st order is short-term with the target of 20 pips, the 2nd has the target of 30-50 pips, and the 3rd is a mid-term one with the target of 100 pips. The stop-loose and limits might be sometimes modified after the position is opened.
The levels, which are the basis of the analysis, are also changing as the situation on the market is changing and depend on its volatility, range and other special points capable of having impact on the market.
The trading Forex signals will be good for the people, who don’t have a possibility or enough skills to create their own new Forex strategy. The system is also a good deal for people, looking for a nice combination profit and risk.
PROFITfactor - trading system Forex
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2010
+4.7%
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-18.6%
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