Forex Freedom System

The Forex Freedom System is a trading system designed to provide traders with a unique approach to decision-making in the Forex market. It combines different indicators and strategies to provide valuable insights and potentially enhance trading outcomes. In this article, we will explore the mechanics of the Forex Freedom System and its practical applications in making informed trading decisions. By understanding the system’s components and strategies, traders can enhance their trading approach and navigate the dynamic landscape of Forex trading more cautiously

What is the Forex Freedom System?

The Forex Freedom System is a combo trading system that combines Price Action and Trend Following strategies. It consists of a manual trading strategy, a semi-automated signal application, and a fully-automated trading software.

The system primarily functions as a signal-generating system, providing trade signals to users. The manual trading strategy within the package is known as the “Reverse signal exit” strategy, which is designed to determine the optimal points for entering and exiting trades. It also includes the use of a Detrended Price Oscillator (DPO) indicator in its trading strategy.

Furthermore, the Forex Freedom System is capable of trading a variety of major currency pairs in the Forex market. It trades major currency pairs, such as EURUSD, GBPUSD, AUDUSD, EURJPY, GBPJPY, NZDUSD, USDCAD, and USDCHF across various timeframes. By focusing on these major pairs, the system aims to capitalize on potential trading opportunities within those specific markets.

Forex Freedom System Strategy

The Forex Freedom System combines elements of price action and trend following strategies to identify potential trading opportunities. This strategy can be applied to both the 1-hour and 4-hour time frames.  For buy trades, additional opportunities are identified by observing the DPO (Detrended Price Oscillator) indicator above the 0 level and the Forex Freedom indicator showing four consecutive bars in blue. The exit point for a buy trade is signaled when the DPO indicator falls below the 0 level.


Similarly, for sell trades, traders should look for the DPO indicator to be below the 0 level and the Forex Freedom indicator showing four consecutive bars in red. The exit point for a sell trade is signaled when the DPO indicator rises above the 0 level. By considering the indicators mentioned and their respective conditions, traders can incorporate this strategy into their trading approach.

Buy Signal

Forex Freedom System Buy Signal
Forex Freedom System Buy Signal
  • The DPO indicator is above the 0 level.
  • The Forex Freedom indicator shows four consecutive bars in blue.
  • Traders may consider opening a long position when the above conditions have been met.
  • Set a stop-loss level according to your risk management strategy.
  • Traders may consider exiting the long position when the DPO indicator falls below the 0 level.

Sell Signal

Forex Freedom System Sell Signal
Forex Freedom System Sell Signal
  • The DPO indicator is below the 0 level.
  • The Forex Freedom indicator shows four consecutive bars in red.
  • Traders may consider opening a short position when the above conditions have been met.
  • Set a stop-loss level according to your risk management strategy.
  • Traders may consider exiting the short position when the DPO indicator rises above the 0 level.

Forex Freedom System Pros & Cons

Pros

  • It provides a comprehensive view of market trends with the use of different moving averages and a custom price action indicator.
  • Multiple indicators help identify potential trading opportunities and strong trends.
  • The inclusion of DPO indicator and Forex Freedom indicator adds confirmation for buy and sell signals.
  • Balances price action and trend-following strategies.

Cons

  • Reliance on indicators and automated signals may lead to potential false signals.
  • Effectiveness may vary in different market conditions.
  • Requires understanding of indicators and accurate interpretation.
  • Carries inherent risks, requiring caution and proper risk management.

Conclusion

In conclusion, the Forex Freedom System provides traders with a unique approach to decision-making in the Forex market. By utilizing a combination of indicators and strategies, traders can gain valuable insights into market trends and potentially enhance their trading outcomes. However, it is essential to exercise caution and implement proper risk management practices when utilizing any trading system. Traders should remember that the Forex Freedom System, like any other trading tool, carries inherent risks. By using it responsibly and combining it with sound judgment, traders can harness its potential benefits and make more informed trading decisions, thus navigating the Forex market with increased confidence.

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