System for Forex trading “SEFC Bull and Trading System”
This system is based on the principle of following the trend. The main indicator shows whether the market is dominated by bulls or bears. Trading is mostly conducted inside the day, on a timeframe of 30 minutes. False signals are possible on smaller timeframes, and larger signals lag behind the situation. The system applies to all currency pairs. Decision-making in this system is conditioned by the behavior of the SEFC Bull and Bears indicator. It’s on the chart in three forms. On the main chart these are the “SEFC” indicator lines with periods of 5 and 10. “SEFC 5” are two moving averages, the gap between them is filled with green or red bars for clarity. “SEFC 10” – yellow or white lines horizontally. In the lower window the same indicator with the period of 20 is presented in the form of blue and pink bars in combination with indicators “RSX 21” and “Stochastic” with parameters 11,3,3. The “Bollinger band stop alert” indicator shows possible entry points.
Example of conditions for purchase. After the green arrow appears, you need to make sure that the price is above the white support line of “SEFC 10” indicator and the green line “Bollinger band”. The green MA line must be above the red line and the bars between them must be green. Blue bars of the SEFC Bull and Bears indicator should appear in the lower window and the Stochastic line should rise above RSX 21. Stop-loss is set below the nearest minimum, and take profit is set at the same amount of points.
The opposite conditions must be observed to enter the sales. After the red arrow appears, make sure that the price is below the yellow resistance line of the indicator “SEFC 10” and the red line “Bollinger band”. The green MA line should be below the red line and the bars between them should be red. Pink bars of the “SEFC Bull and Bears” indicator should appear in the lower window, and the “Stochastic” line should fall below “RSX 21”. Stop-loss is set above the nearest maximum, and take profit is set at the same number of points.
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