System for short-term trading on the Forex market “Rider Evo System”
This system is adapted for trading on a five-minute timeframe, so it is better to use it to work during the day, that is, during the European session and at the beginning of the American one. You can trade any currency pairs of the Forex market. You can earn with this system quickly, so it can be suitable for PAMM-accounts. And what kind of pammas brokers give good conditions, you can find out on this site.
The “Rider Evo” system operates on the basis of a large number of different indicators, which allow the trader to quickly receive information and make correct decisions on trading. The “Bar Trend” indicator lights up the candles in dark green and purple according to the direction. A lot of information is given by the “DailyData” indicator, which highlights the daily range on the chart, reflects the current state of the price, support and resistance levels. “EMA Crossover Signal” indicates possible entry points with red and blue arrows. The “X-ZZZ” indicator in yellow circles marks the reversal levels, and “DT ZZ” in blue and red dots indicates local minima/maximums. The “X-NonLagMA” indicator confirms the trend by changing the line color. The “PriceChannel Stop” indicator shows the possible levels of stop order setting. The “Clock v1” and “FerruFx Multi info” indicators provide important information for trading. The first lower window of the terminal has oscillators for filtering signals “RSI divergence”, “Laguerre” and “BBands Stop BAR” with blue and brick bars. In the second lower window there is another filtering indicator “X-ArrZZZx2”.
In this picture you can see what conditions are required to login to your purchases. The indicator in the upper left corner shows the probability of upward movement. After the yellow circle and green arrow appear, we wait for the “BBands Stop BAR” bar to change its color to blue. The candles must be green, the X-NonLagMA line must be blue, the RSI divergence bars must be blue and the Laguerre line must rise above 0.25. The bars of the “X-ArrZZZx2” indicator should be green. The stoploss is set on the green dotted line of the indicator “PriceChannel Stop”. The conditions for entering the sales are identical. After the yellow circle and red arrow appear, we wait for the “BBands Stop BAR” indicator bar to change its color to brick one. The candles must be purple, the X-NonLagMA line must be red, the RSI divergence bars must be pink and the Laguerre line must fall below 0.75. The bars of the “X-ArrZZZx2” indicator should be red. If the bars are yellow, we don’t trade. The stoploss is set on the purple dotted line of the “PriceChannel Stop” indicator.
Positions are closed when opposite readings of one or more indicators appear. The system gives an opportunity to make several deals during the day.
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