That's an intraday, aggressive, mid-risky Forex signals providing trading system based on wave analysis and Bill Williams' indicators. The system can be used with less deposit and smaller lots than is declared (for example if deposit is $1500 the lots size should be 0.1). The following indicators are also used for doing tech analysis and in giving Forex signals: АО, АС, МАСD, fractals, Alligator, Trading zones, RSI and Fibs. The Elliot wave analysis is done on all timeframes from M1 to MN1.
The Forex trading system works in the several steps. The first is doing wave analysis and determining the situation on the market with the use of indicators. Then it's necessary to find the zero point of the market with the help of analyzing the previous trend moving. The place, where the previous Forex trend moving stopped is determined for entering the trading market. The system enters the market and gives Forex signals with 1 or 2 lots. At the same time stop-losses are determined and on that very points are set 1 or 2 pending orders just in the opposite trading directions. If the Forex trend goes in the right direction, some lots can be added to the existing position. The positions and Forex signals are usually closed according to the MACD & RSI indicators and Fibs.
Before the Forex trading news release, or in the "sleeping market" the "spider" strategy is usually used, which means that a pending order is set and another one is placed on the first's stop-loss just in the opposite direction. And then the trading is done just as described above. Due to that the Forex signals of the system can appear to be not easy-to-execute, but pretty useful.
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