Turn Area forex trading system incorporates two easy to read custom indicators in delivering top notch buy/sell signals in the market. The setup is quite and can be adopted just by anyone.
Chart Setup
MetaTrader4 Indicators: Turn_Area.ex4 (default setting), MA-4H.ex4 (default setting)
Preferred Time Frame(s): 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hour, Day
Recommended Trading Sessions: Any
Currency Pairs: Majors and currency cross pairs
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Buy Trade Example
Fig. 1.0
System
Long Entry Rules
Enter a buy if the following conditions or rules hold sway:
- If the red line of the MA-4H custom indicator crosses its Medium Sea Green line bottom up as shown on Fig. 1.0, price is said to be pressured higher i.e. a bullish signal.
- If Dark Violet histograms of the Turn_Area.ex4 custom indicator aligns above the 0.00 signal level, price is obviously experiencing a push higher, thus supporting our overall bullish sentiment i.e. a buy signal.
Stop Loss for Buy Entry: Place stop loss below immediate support.
Exit Strategy/Take Profit for Buy Entry
Exit or take profit on position(s) if the following indicator or chart patterns are in display:
- If the red line of the MA-4H custom indicator crosses its Medium Sea Green line top downward during a bullish trend, then it signals a possible reversal, as such an exit or take profit will do.
- If the Dark Violet histograms of the Turn_Area.ex4 custom declines from above the 0.00 signal level to form below the 0.00 signal level, it is indicative of price reversal i.e. an exit or take profit is advised.
Sell Entry Rules
Enter a sell order if the following conditions or rules are true:
- If the red line of the MA-4H custom indicator crosses its Medium Sea Green line top downward as shown on Fig. 1.1, price is said to be pressured lower i.e. a bearish signal.
- If the Dark Violet histogram of the Turn_Area.ex4 custom indicator aligns below the 0.00 signal level, price is obviously experiencing a downward push, thus supporting our overall bearish sentiment i.e. a sell alert.
Stop Loss for Sell Entry: Place stop loss above immediate resistance.
Exit Strategy/Take Profit for Sell Entry
Exit or take profit on position(s) if the following are true:
- If the red line of the MA-4H custom indicator crosses its Medium Sea Green line bottom up while in a bearish trend, price is said to be reversing upwards as such an exit or take profit is appropriate.
- If the Dark Violet histograms of the Turn_Area.ex4 custom recline from below the 0.00 signal level to form above the 0.00 signal level as shown on Fig. 1.1, it is indicative of price reversal i.e. an exit or take profit is advised.
Sell Trade Example
Fig. 1.1
Free Download
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About The Trading Indicators
The Turn_Area.ex4 custom indicator is a custom indicator that is built on the RSI and moving averages indicators.
The MA-4H custom indicator on the other hand is deployed to show the moving average of the selected timeframe on the activity chart of the most recent timeframe.
The intersection of the lines of the moving averages gives us clues to possible price trends.
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