Several forex trading systems in the market are free, while many are paid. Agimat Trading System has gained popularity in a short time due to its simplicity. Let’s find out more about the system.
What is Agimat Trading System?
Agimat means magic in Filipino. The Agimat trading system is a tool that “magically” predicts price movements. This is the philosophy of a system developed by a professional trader and talented programmer named Dennis Buchholz. With Agimat, you will notice that it works completely differently compared to some other indicators.
Agimat has a unique artificial intelligence that allows the system to automatically learn from the market and past mistakes and then perform some updates through the system itself. Artificial intelligence is called a neural network. Indicators connecting to neural networks are Agimat’s real strength, and this indicator does exactly that every time it runs.
The system comes with a set of indicators and a template file. You have to load the template file simply, and you are done.
How to trade Agimat Trading System?
Agimat is quite a flexible trading system. So, you can use it in several ways. The chart shows you an arrow, a dot, Heiken Ashi, and a Maxwell Equation indicator window. You can combine them or use only Heiken Ashi and arrows for trading.
The chat interface is very clean and easy to understand. It is not rocket science to understand how it works. Heiken Ashi filters the trend and removes noise from the chart. The arrow gives you an alert if there is a trend reversal. The same is what the dot does. Meanwhile, Maxwell Equation is an oscillator that can find overbought or oversold conditions.
Buy Signal
Let’s find out how to find the buy signal:
- Look for an up arrow in a downtrend.
- You should wait for the bullish Heiken Ashi candle.
- You should wait for the yellow dot to appear.
- The value of the Maxwell Equations indicator should be above zero.
- You could place the stop-loss below the low of the up-arrow candle.
- You could place the take profit near the next resistance level. Alternatively, you could exit when the down arrow appears.
Sell Signal
Let’s find out how to find the buy signal:
- Look for a down arrow in an uptrend.
- You should wait for the bearish Heiken Ashi candle.
- You should wait for the yellow dot to appear.
- The value of the Maxwell Equations indicator should be below zero.
- You could place the stop-loss above the high of the down arrow candle.
- You could place the take profit near the next support level. Alternatively, you could exit when the up arrow appears.
Conclusion
Agimat Trading System looks cool and is easier to handle, even for a beginner trader. However, the arrows and the dots can be repainted. Therefore, it is recommended to carefully analyze the market before deciding and practice on a forex demo account to learn how use the strategy without taking any risk.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
