Sonic R System

What is the Sonic R System?

Sonic R System is a forex trading strategy that was developed by Sonic Deejay, a well-known trader in the forex market. The system is based on the use of technical analysis and incorporates various indicators to identify potential trade opportunities. It is designed to be used on the 1-minute and 5-minute timeframes, and is suitable for both scalping and day trading. The Sonic R System is known for its simplicity and ease of use, making it a popular choice among traders of all levels of experience. It is important to note that as with any trading strategy, results may vary and past performance is not necessarily indicative of future results.

Sonic R System Strategy

Here is a general strategy for using the Sonic R System:

  • Identify the trend direction: The first step in using the Sonic R System is to locate the Sonic Line, which is a custom indicator that is used to identify the direction of the trend. When the Sonic Line is blue and pointing upwards, it indicates an uptrend, and when it is red and pointing downwards, it indicates a downtrend.
  • Look for confirmation: The TMA Slope indicator should be blue for an uptrend, and red for a downtrend, which confirms the trend direction. The Super Trend indicator should also be blue for an uptrend and red for a downtrend, which confirms that the trend is likely to continue.
  • Check RSI: The relative strength index (RSI) should be above 50 for an uptrend and below 50 for a downtrend, which indicates that the market is in a bullish or bearish state respectively.
  • Enter the trade: When all of these conditions are met, traders can enter a buy position for an uptrend, with a stop-loss order placed below the recent swing low and a take profit order placed at a reasonable level. For a downtrend, traders can enter a sell position, with a stop-loss order placed above the recent swing high and a take profit order placed at a reasonable level.
  • Exit the trade: Traders should monitor their trades and exit them when the trend changes or when the take profit level is reached.

Buy Signal

Sonic R System Buy Signal
Sonic R System Buy Signal
  • The first step in identifying a buy signal using the Sonic R System is to locate the Sonic Line, which is a custom indicator that is used to identify the direction of the trend.
  • When the Sonic Line is blue and pointing upwards, it indicates an uptrend, and is a potential buy signal.
  • Next, traders should look for the TMA Slope indicator to be blue, which indicates that the market is in a bullish phase.
  • The Super Trend indicator should also be blue, which confirms that the uptrend is likely to continue.

Sell Signal

Sonic R System Sell Signal
Sonic R System Sell Signal
  • The first step in identifying a sell signal using the Sonic R System is to locate the Sonic Line, which is a custom indicator that is used to identify the direction of the trend.
  • When the Sonic Line is red and pointing downwards, it indicates a downtrend, and is a potential sell signal.
  • Next, traders should look for the TMA Slope indicator to be red, which indicates that the market is in a bearish phase.
  • The Super Trend indicator should also be red, which confirms that the downtrend is likely to continue.

Sonic R System Pros & Cons

Pros

  • Simple and easy to use: The system is based on the use of a few key indicators, which makes it easy for traders of all levels of experience to understand and implement.
  • Suitable for both scalping and day trading: The system can be used on both 1-minute and 5-minute timeframes, making it versatile for different trading styles.
  • Focuses on trend direction: The Sonic Line indicator is used to identify the direction of the trend, which is a key factor in determining the potential for a trade.

Cons

  • Not suitable for all markets: The system may not work as well in markets that are not trending, or that have a lot of noise.
  • Limited flexibility: The system is based on specific indicators and rules, which may not be suitable for all traders or market conditions.
  • Results may vary: As with any trading strategy, past performance is not necessarily indicative of future results. Traders should always practice good risk management and be prepared for the possibility of losing money.

Conclusion

In conclusion, the Sonic R System is a simple and easy-to-use forex trading strategy that is based on the use of technical analysis and incorporates various indicators to identify potential trade opportunities. The system is known for its simplicity and focus on trend direction, making it a popular choice among traders of all levels of experience.