Range Bars 17 Comments. Usually, when the price is above these two moving averages, the market is considered to be an uptrend and vice versa. You should only open a position , when the red tunnel is extremly narrow or crossed! Some other popular Metatrader indicators to install.
Sidus forex strategy
The system also generates the trading signals in counter trend direction but it is highly recommended to you that you take trades only in the direction of the market.
SidusBago with Sidus Trading System is a simple system and it is suitable for newbie traders as well as for intermediate level traders and the experts. This system consists of three technical indicators on the main chart window and single indicator in the indicator window. There are also daily pivots which are automatically plotted on the main chart.
These pivot levels can be used to define your take profit and stop loss levels. When SidusBago with Sidus Trading System is correctly installed on your trading platform, your chart should look like this:. There are two custom made moving averages which are green and red.
The main purpose of using these two moving averages here is to enter a long position when the green moving average crosses above the red moving average. It is also used to determine the direction of the market. Usually, when the price is above these two moving averages, the market is considered to be an uptrend and vice versa. SidusBago Arrows are the main signal generator of this forex trading system. SidusBago Arrows are nothing more than the blue and pink arrows.
It just kept bouncing around. But they still were to unpredictable. Eventually, I found my holy grail: I read all what I could read about it and made some first profits. I started studying these methods more closely and realized that these simple models could make you very profitable in the long run.
Over time, I started to adapt the systems with my onw rules. Whipsaws will occor, but less frequent. This system made my trading very profitable as it easy to understand, easy to implement and easy to find the right entry-points.
What do you need? You should only open a position , when the red tunnel is extremly narrow or crossed! This is a clear sign of a trend reversal. After you see this, close your position and open a new postion in the other way If you were long, close, open a short postion.