Here is a Forex trading system that is highly profitable for swing trades.It makes use of three moving averages to confirm trend and other indicators to confirm entry and exit. It works only in a trending market. And you are required to trade only with the trend. If rules are strictly followed,this system can be very profitable.
The indicators used are BB alert Arrow(repainting) Heiken Ashi, DSS Bressert coloured, EMA 144, close, EMA, 89 close, Smoother MA,21.
Time frame: 1hr and above
1.When 21 MA smooth is above EMA 144 and EMA 89
2. BB alert arrow gives buy signal(note that this arrow repaints so wait for other confirmations)
3. Heiken ashi turns white
4. DSS bressert turns blue
5 Enter at the open on next candle
1.When 21 MA smooth is below EMA 144 and EMA 89
2. BB alert arrow gives sell signal(note that this arrow repaints so wait for other confirmations)
3. Heiken ashi turns red
4. DSS bressert turns red
5 Enter at the open of next candle
EXIT Rules: You can set a predetermined exit. I personally take 30-50pips on every swing. or exit when opposite arrow stops moving.
Practice sufficiently on Demo before going live and apply good money management practises as it applies to every trading strategy.
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