Master FS Forex Trading Strategy

The Master FS Forex Trading Strategy sends signals to traders. It explains much about the current market circumstances. This forex trading system tells you whether to buy, sell, or hold. It also informs you whether the current market trend is strong enough to execute your positions. Moving averages are heavily used in this forex trading strategy.

Master FS Forex Trading Strategy

This forex trading system contains 17 indicators in total, but we will only use six of them because they are the main signal generator indicators. Even if you are a beginner, you can start trading right away with this forex trading technique, but you have to understand the market trend.

Setting up the Master FS Forex Trading Strategy
Setting up the Master FS Forex Trading Strategy

Synopsis of Master FS Forex Trading Strategy Indicators

Pallada SE Bars

One of the most important indicators in this forex trading strategy is the Pallada SE Bars indicator. These bars provide a quick overview of the market’s overall trajectory. When the bars are blue, the present trend is upward, while red bars imply downward pressure.

Moving Average

There are two 30-period moving averages. One is applied to high prices and the other to low prices, causing these two moving averages to travel in a channel. These two moving averages aid in confirming the market’s direction. The market is in an upswing when it is above these moving averages, and vice versa.

Arrows

This system contains arrows of various hues. Any arrow pointing upward indicates a buy signal, while any arrow pointing downward indicates a sell signal.


MACD

MACD has an indicator as well as a histogram. You can disregard the red oscillator and concentrate solely on the histogram. When the histogram is favorable, the market is controlled by bulls, and vice versa.

Trend Alex

This indicator displays an overall summary of moving averages on various time periods. When numerous time frames show the same event, it indicates a strong trend. This gauge also provides a summary of the market situation. It indicates whether you should sell, buy, or hold.

GMACD 2

This indicator indicates whether the market is in an uptrend or a downtrend. Green signifies a positive signal, while red suggests a negative signal.

 

Buy Signal

The following could be your checklist for a buy trade:


  • When the Pallada SE Bars indicator is blue in color.
  • When price crosses above the two MAs.
  • When an upward-pointing arrow appears below the candlesticks.
  • When the MACD histogram is in positive territory.
  • When the Trend Alex indicator recommends opening a buy position.
  • When the GMACD 2 indicator indicates a bullish signal.

Once these events occur:

  • You could open a buy position after you confirm your entry with bullish candlestick patterns.
  • You could set your stop loss just below the nearest swing low.
  • You could set your take profit at the nearest resistance zone, or you could exit trade when a downward-pointing arrow appears above the candlesticks.
  • For good risk management, I would only consider trades with a risk to reward ratio of at least 1:2.
Master FS Forex Trading Strategy Buy Setup
Master FS Forex Trading Strategy Buy Setup

Sell Signal

The following could be your checklist for a sell trade:

  • When the Pallada SE Bars indicator is red in color.
  • When price crosses below the two MAs.
  • When a downward-pointing arrow appears above the candlesticks.
  • When the MACD histogram is in negative territory.
  • When the Trend Alex indicator recommends opening a sell position.
  • When the GMACD 2 indicator indicates a bearish signal.

Once these events occur:

  • You could open a sell position after you confirm your entry with bearish candlestick patterns.
  • You could set your stop loss just above the nearest swing high.
  • You could set your take profit at the nearest support zone, or you could exit trade when an upward-pointing arrow appears below the candlesticks.
  • For good risk management, I would only consider trades with a risk to reward ratio of at least 1:2.
Master FS Forex Trading Strategy Sell Setup
Master FS Forex Trading Strategy Sell Setup

Master FS Forex Trading Pros & Cons

Pros

  • The Master FS Forex Trading Strategy may assist the trader in identifying the prevailing trend direction and predict possible trade entry and exit zones.
  • This strategy may assist the trader in staying longer in the market without exiting trades too quickly.

Cons

  • The indicators may not always move in sync with each other. As a result, traders who use the Master FS Forex Trading Strategy have to be patient.
  • Using this trading system may be a bit confusing initially for newbie traders.

Conclusion

The Master FS Forex Trading Strategy may be worth a try. A decent forex trading strategy may boost your chances of success. Nonetheless, keep in mind the importance of maintaining realistic expectations. Master FS Forex Trading Strategy is not capable of generating 100% correct indications. As a result, this forex strategy occasionally generates erroneous signals. Its performance will be highly variable depending on market conditions.

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