Trend-following traders often apply trading systems that enable them to make informed trading decisions. The FX Matrix Pro Trading System combines multiple trend and price-level indicators to generate trading signals with a higher probability of success.
What is the FX Matrix Pro Trading System?
The FX Matrix Pro Trading System represents an MT4 trading strategy that helps you assess key price levels, trends, and momentums on multi-timeframes. Once you activate the system on your trading chart, it automatically starts scanning for potential buy-sell signals.
This system applies Matrix VCS that draws an equidistant channel, showing potential trendline support/resistance zones. The Heiken Ashi will generate the primary trend signal. You can use the crossover signals between the 20 MA and the Volty Channel Stop for more confirmation.
Furthermore, it includes Matrix Signal Bars, Trend Alex signals, and FxTraderPro arrows to confirm the market momentum. While using the system, you need to learn how to combine the momentum and trend signals to assess the best possible trading direction.
How to trade FX Matrix Pro Trading System
The Heiken Ashi candle switches its color between green and red to signal bullish and bearish trends, respectively. The closing positions of the candles compared to the VCS channel levels are also important for assessing a buy-sell setup.
For example, the Heiken Ashi candle is green, and closing above the VCS channel support indicates a potential buy-entry opportunity.
The 20 MA exceeding the Volty Channel Stop indicates a bullish trend reversal. Oppositely, the Volty Channel moves above 20 MA when the trend switches to a bearish mode. Besides, the channel stop works as a dynamic support/resistance level. It turns white when the price treats it as a support and becomes blue while working as a resistance.
You can also use Trend Alex as an additional trend indicator to filter the signals generated by Heiken Ashi and the Volty Channel Stop. It shows the current price trend on 15-minute, 1-hour, and 4-hour chars.
Buy Signal
Let’s look at how to anticipate buy signals using the system:
- The price rejects a Matrix VCS support level or exceeds a resistance.
- The 20 MA moves above the Volty Channel Stop.
- The Heiken Ashi bars turn green.
- Most of the Matrix Signal Bars are yellow.
- Matrix Trend Alex signals an overall uptrend.
- FxTraderPro arrows signal bullish momentum on MTF charts.
Sell Signal
Let’s look at how to anticipate sell signals using the system:
- The price rejects a Matrix VCS resistance level or exceeds support.
- The 20 MA moves below the Volty Channel Stop.
- The Heiken Ashi bars turn red.
- Most of the Matrix Signal Bars are red.
- Matrix Trend Alex signals an overall downtrend.
- FxTraderPro arrows signal bearish momentum on MTF charts.
Conclusion
The FX Matrix Pro Trading System follows a versatile trading strategy equally effective for forex and stock chart analysis. It allows you to choose any instrument to trade in any timeframe you wish. However, it is recommended to begin with fewer trading assets and stick to longer timeframes to try and help reduce market noise.
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