Page Nav

HIDE

Grid

GRID_STYLE

Classic Header

{fbt_classic_header}

Header Ad

Breaking News

latest

Buy Sell Magic

Buy Sell Magic are a trading system trend following based on two trend indicators suitabale for short time frame as 5 min but You can us...


Buy Sell Magic are a trading system trend following based on two trend indicators suitabale for short time frame as 5 min but You can use also at higher time frame. At 5 min and 15 min time frame to use the indicator only during the London or US sessions (starting 1-hours before the opening is fine). Make sure to watch a news calendar and stayaway from trading before and after news releases. 90% of false signals are generated because of unexpected price moves on a news release. Use the software buy or sell signals only ona clear strong trend:
- Identify a current trend. (Remember? The trend is your friend?)
- Ignore all signals against a current trend!
Example:
Trend is up – but you get a “sell” signal ( ignore it!) Wait for a “buy” signal to enter.
Do not trade on a side ( sideways trend) – ignore all signals.
Pairs
GBP/JPY, EUR/USD, USD/JPY, GBP/USD and all other major pairs.
Timeframes
5-min, 15-min, 30-min, 1-hour, 4-hour, 1-day.

Trading rules Buy Sell Magic
The Buy Sell Magic generates trades when it paints arrows.
Long trades occur when the “Buy Sell Magic” shows a GREEN arrow + popup alert.
Short trades occur when the “Buy Sell Magic” shows a RED arrow + popup alert
Important: a popup alert is your confirmed signal to enter a trade.
Parameters:
Important: I tried to speed up the software as much as I can, but in this case there is always a possibility of getting a false entry signal. If you prefer safer trading - you can change the SignalPeriod ( by default set to 12 - indicator02 ) for example to “20” and get a 1 bar delayed (confirmed!) entry signal BUT less ( which is the most important) FALSE entry signals on a sideway trends.
False signal example: BUY then SELL in 1-2-3 bars only.(in most cases caused by a news releases – unexpected price moves).
Stop Loss
A stop loss level will be automatically calculated and displayed in your popup alert window. It is a previous bar (high or low value) + your personal extra value number in the indicator INPUTS – by default 200 - for 5 digits broker it is equal to 20 pips.
Remarks: the preset extra number will be added to the previous bar high or low and displayed in your popup alert ( 100 = 10 pips for 5 digits brokers, 10=10 for 4 digits brokers) – change it if you like a tight stop loss for example 5 pips =50 for 5 digit brokers or =5 for 4 digit brokers).
Exiting Trades (take profit)
1. Exit trades when the software issues the opposite trading signal. This ensures that you trade with maximum profits and right before the market reverses.
2. Set your own profit target, for example 30 pips per trade and exit all trades as soon as you reach your profit target – do not wait until the software gives you an opposite signal. This is the safest way of trading and reduces your risk level.

Buy Sell Magic

Buy Sell Magic

Buy Sell Magic

Buy Sell Magic

Buy Sell Magic

Buy Sell Magic

Buy Sell Magic

No comments