The Bandit Flash Trading System reflects a trend-following trading strategy. It enables you to analyze market trends, price levels, and trade signals using a single and simple trading system developed for MT4 users.
Trend traders develop strategies based on an analysis of an asset’s trends. A trend-friendly strategy assesses the current price direction and identifies continuation or reversal patterns of the upcoming market trend.
For instance, if you are trading under a bullish trend, you can keep your long position and wait for the asset’s price to increase more. At the same time, you can sell your holding position if the chart develops a bearish trend reversal signal.
What is the Bandit Flash Trading System?
The Bandit Flash Trading System applies a trend trading strategy that examines aggressive price movements under the current trend direction and anticipates precise buy-sell signals.
This system comprises thirteen different indicators to generate accurate and steady signals, which include trading sessions, T3 moving average, buy-sell alert, Snake MA, and more.
Both T3 and Snake MA were included to plot the crossover trend signals. Although, these indicators are also able to signal the current market bias individually. Besides, the Panah and Range indicators guide you through potential trade entry zones.
Furthermore, the Bandit Flash Trading System filters its own trading signals using the Trend Session indicator. It determines current trends and signals solid price reversals.
Bandit Flash Trading Strategy
Heiken Ashi takes the role of standard candlestick charts. This indicator’s guidelines are relatively straightforward. It is a buy indication when the blue candles develop simultaneously and a sell signal following the red candles.
Snake MA moves faster than T3. So, during bullish crossovers, the Snake MA must be above the T3 level. Conversely, the Snake moves below the T3 line to signal a bearish crossover. These moving average levels also show the dynamic support/resistance levels.
The Trend Session indicator works as a signal filter for the system. The blue bars are green signals for long entries. On the other hand, the red bars are considered short entry signals.
The majority of the time, these indicators produce buy/sell signals, but you should only place trades that follow the market’s primary trend.
Furthermore, the price channel with dotted lines guide you through daily market highs and lows. It helps you define possible price swing points.
Buy Signal
- Heiken Ashi candles turn blue.
- The price level is above all the moving averages.
- Snake MA moves above T3.
- The Panah arrow indicates an uptrend.
- Trend Session bars turn blue.
- SL below T3 level.
Sell Signal
- Heiken Ashi candles turn red.
- The price drops below all the moving average levels.
- Snake MA moves below T3.
- The Panah arrow indicates a downtrend.
- Trend Session bars turn red.
- SL above T3 level.
Conclusion
Despite comprising several trend and momentum indicators, the Bandit Flash Trading System offers a simple trend trading solution. Besides expert professionals, novice traders can also follow the simple rules of their trading strategy. According to our review, the Bandit Flash Trading System may work better when combined with horizontal/fixed support-resistance indicators.
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