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Venom Indicators

Venom indicator are an tool for to anlyze the price of currency pairs that shows the trading opportumities. Trading opportunities present...

Venom indicator are an tool for to anlyze the price of currency pairs that shows the trading opportumities.
Trading opportunities presented by the system are based on the alignment
of Vectorial Bias, S/R Level 1 and S/R Level 2. 
Trading hours is from 5.00 GMT to 16.00 GMT. Please ensure that the
system is running before 5.00 GMT so that no signals are missed and
to prevent late entries. Remember, the first Buy or Sell signal (first
alignment of Vectorial Bias, S/R Level 1 and S/R Level 2) beginning
5.00 GMT present high probability trades.
For the first Buy or Sell signal (first alignment of Vectorial Bias, S/R Level
1 and S/R Level 2), Venom Signal will display the price and time on the
chart and Venom Alert will popup. The first alignment of the day always
provides profitable trades.
For the second alignment onwards, Venom Alert will continue to popup but
Venom Signal does not change its display.
Trading the second alignment onwards is only recommended for
experienced traders, for traders who have a feel for the system
(know how to use the Venom Dashboard effectively) or for traders
who are using Venom Trading System as reference to other
techniques.
Minimum take profit is 30 pips. Stop loss is 40 pips. Set trailing stop at 15
pips. To take profit at higher levels, please refer to the section describing
Positional Bias’.
Do not risk more than 5% of equity per trade.
Venom Trading System is suitable for all currency pairs but we
recommend the following pairs:
GBPUSD, EURUSD, USDCHF, AUDUSD, USDJPY, EURJPY, AUDJPY, GBPJPY, GBPCHF, EURGBP, EURCHF
Venom Signal displays the first Buy or Sell signal between 5.00 GMT – 16.00
GMT. The time displayed is the broker time. Venom Alert will popup whenever Vectorial Bias, S/R Level 1 and S/R Level 2 are aligned. The time displayed is your local computer time....
Venom Dashboard
See manual in the folder

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