Forex Gain Formula Trading System

The Forex Gain Formula Trading System uses multiple indicators to find the trend’s direction. In this guide, we’ll talk about what the indicator is and its trading strategy.

What is the Forex Gain Formula Trading System Indicator?

As the name suggests, the Forex Gain Formula Trading System uses calculations to predict the direction of the trend. These calculations come from different indicators it uses.

The system applies the following indicators;

Combining these indicators gives you a Forex Gain Formula Trading System. The system uses multiple indicators which can be used as confluences.

Forex Gain Formula Trading System
Forex Gain Formula Trading System

Forex Gain Formula Trading System Strategy

To trade with the indicator, you have either apply multiple confluences or use a simple buy/sell signal for the entry.

You can take a long position if the indicator shows a blue arrow. Conversely, if it shows a red arrow, then you can go short.

The other way to trade with the indicator is to apply all the system’s indicators. If you are looking to enter long, the indicator should plot a blue arrow, must have a bullish volume, the price must be above the three Moving averages, and the current timeframe trend should be UP.

On the other hand, if you are looking to go short, the indicator should draw a red arrow, the price must be below all three MAs, there must be a bearish volume, and the current trend should be DOWN.

It’s important to note that, in times of consolidation, the system can plot multiple buy/sell arrows and repaint too.

You can use the Forex Gain Formula Trading System on timeframes from 15min to monthly. If you want to use it on a 1min or 5min chart, you can apply and look for the trend on the 15min timeframe and then come back to the 1min or 5min chart and enter your trades.

Buy Signal

  • The price should be above the MAs, have a bullish volume, a blue arrow, and the UP overall trend.
  • You could place a stop-loss at the recent low.
  • You could set take-profit at a recent high, or exit the red arrow appears.
Forex Gain Formula Trading System buy signal
Forex Gain Formula Trading System buy signal

Sell Signal

  • The price should be below the MAs, have a bearish volume, a red arrow, and a DOWN overall trend.
  • You could place a stop-loss at the recent high.
  • You could set take-profit at the recent low, or exit the blue arrow appears.
Forex Gain Formula Trading System sell signal
Forex Gain Formula Trading System sell signal

Forex Gain Formula Trading System Pros & Cons

Here are the pros and cons of trading with the indicator.

Pros

  • The system adds multiple confluences.
  • It can present clear entry and exit points.
  • It works on all timeframes.

Cons

  • The indicator can repaint.
  • It is prone to false signals.

Conclusion

The Forex Gain Formula adds multiple indicators to develop a trend-following system. The system can illustrate a lot of info that you don’t get from other forex indicators.

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