Sky Forex System is a powerful NON-Repainting(arrows) Trend Following System designed for day trading and swing trading. It is a trend-following system that is suitable for volatile currency pairs. The system is equipped with a robust filter method that allows you to deal with financial markets with relative peace of mind.
One of the unique features of the Sky Forex System is its ability to recover losses. This trading system, if used as described, is capable of generating profit because it always offers the possibility of recovering losses. The signals that Sky Forex system generates are built with trend following indicators which are filtered.
You can set the Non-Repainting Indicator to send you a signal alert via E-mail or platform pop-ups. This is helpful as it means you do not need to stare at the charts all day, waiting for signals to appear, and you can monitor multiple charts simultaneously.
This Trend Following System is entirely manual. The indicators produce the signals, but any decisions to enter the market and set protection or profitable exit stops will depend on the trader. Therefore, the trader must be familiar with the principles of risk and reward.
This indicator can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.
The Sky Forex System can be used on a time frame of 5 minutes or higher, but it is recommended to use a time frame of 15 minutes or 30 minutes for day trading and 1 hour or 4 hours for swing trading.
The Trend Following System is suitable for trading a wide range of currency pairs, including GBP/USD, GBP/JPY, EUR/AUD, EUR/CAD, NZD/USD, AUD/USD, AUD/NZD, CAD/JPY, AUD/JPY, NZD/CAD, and EUR/GBP. Additionally, it can also be used to trade cryptocurrencies on time frames of 4 hours, 6 hours, and 12 hours.
Metatrader 4 Indicators used in this system
The Sky Forex System uses a variety of Metatrader 4 indicators to generate trading signals. These include Indicator 2, Trend Candlestick, Trend Magic Arrow, Simple Moving Average 35 period, Half Trend Amplitude 2 period, Stratman Mini Chart, Time to Next Bar, Magnified Market Price, SS2009 C, and Forex Profit Supreme Filter 4 period (changes in the template are set to 5).
Conclusion of this Trend Following System
The Trend Following System is a great tool for traders who are looking for a reliable and profitable trading system. With its robust filter method and trend following indicators, this system can help you generate consistent profits in the financial markets. However, like any trading system, it is important to test the Sky Forex System thoroughly on a demo account before using it with real money.
Warning! If you do not know how to set up this forex indicator, please read the MetaTrader Indicators Tutorial.