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Forex Octopus System

Forex Octpus is a pure trend following system based on two moving averages and two trend indicator mt4 customized. Time Frame H1. Curre...

Forex Octpus is a pure trend following system based on two moving averages and two trend indicator mt4 customized.
Time Frame H1.
Currency pairs: majpor and minor.
Plataform: Metatrader 4.
Metatrader indicators:
Exponential moving average 3 period, close yellow color.
Exponential moving average 13 period, close lime color.
Exponential moving average 55 period, close red color.
Octopus 1.
Octopus 2.
Trading Rules Octopus System
Short Entry
When both octopus_1 and octopus_2 indicators are in the red zone and green EMA crosses red EMA from the top downwards, open Sell order.
Orders should be opened only when all these 3 conditions mentioned above are true (both indicators and EMA crossing).
Long Entry
When both octopus_1 and octopus_2 indicators are in the green zone and green EMA crosses yellow EMA from the bottom upwards, open Buy order.
Orders should be opened only when all these 3 conditions mentioned above are true (both indicators and EMA crossing). 

Forex Octopus System
Long Entry
When both octopus_1 and octopus_2 indicators are in the green zone and green EMA crosses yellow EMA from the bottom upwards, open Buy order.
Orders should be opened only when all these 3 conditions mentioned above are true (both indicators and EMA crossing).
Forex Octopus System
Exit position
When octopus_2 indicator changes its color to the opposite you need to close the order.
Close Sell order if octopus_2 indicatorturns into green from red.
Close Buy order if octopus_2 indicator turns into red from green.
If you are a safe and conservative trading follower, you can close the orders when yellow EMA crosses back green EMA. Though, in this case you may lose some significant amount of profit.
About Take Profit and Stop Loss
The price movements on different pairs can vary from 20 to 500 pips, that is why we do not recommend using fixed Take Profit as it may reduce your gains. Still, if you are an experienced trader you can take your own decision about using fixed TakeProfit on certain pairs. The same idea is applied for the fixed Stop Loss using.The better results are achieved if you close the orders following the octopus_2
indicator signals. Fixed Stop Loss may interfere into the potentially profitable trade. Though, it is not the strict rule.
If you decide to use Stop Loss please see the following recommendations:
Sell orders – Stop Loss may be placed 5-7 pips above red EMA
Buy orders – Stop Loss may be placed 5-6 pips below red EMA

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