The Forex Intrepid Buy Sell Trading Indicator System is a complex forex trading strategy based on a set of indicators, including channel indicators, trend indicators, and MACD.
This system fits all kinds of timeframes and currency pairs.
How does it work? How to apply in trading?
Trading Rules Explanation
The entry point for long trade occurs when the following conditions are met:
- The price should touch the lower band and then turn green;
- All PBF Trend bars indicator should be green;
- CZI indicator bars should be aqua;
- MACD indicator should take negative values.
The entry point for short trade occurs when the following conditions are met:
- The price should touch the upper band and then turn red;
- All PBF Trend bars indicator should be red;
- CZI indicator bars should be brown;
- MACD indicator should take positive values.
Exit Trade / Take Profit
Exit trade when the price touches an opposite channel band, or use your method of trade exit.
As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility, beyond major sessions, exotic currency pairs, wider spread, etc.
How to set up the Forex Intrepid Buy Sell Trading Indicator System in MT4?
- FX Sniper’s SideWinder Angle.mq4
- TzPivotsD_v3.5 (White).mq4
- TzPivotsMW_v3.5 (Black).mq4
- Forex Intrepid Buy Sell Trading System. tpl
Copy and paste indicator files into the MQL4 folder of the MetaTrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Similarly, copy and paste the template file to the Templates folder.
Now, right-click on the chart, and hover over Templates. You will have displayed a list of available systems; left-click the template name you want to run.
Read More Prediction Forex Indicator Free Download
The Forex Intrepid Buy Sell Trading System is worth adding to your trading collection but requires realistic expectations. Like any other technical forex analysis tool, it cannot provide accurate entry signals 100% of the time. Thus, it will give false signals occasionally. In addition, its performance will vary significantly depending on market conditions.