Super Powerful Forex Indicators and Trading System – Highly Effective Forex Autofibo Trade Zone Reversal Trading with Trend Bar Indicator. This system uses the 7 unit Tenkan-Sen Ichimoku and the 21 unit Trend Slope for the core trend filter.
Definition of ‘Tenkan-Sen’ – The mid-point between the highest high and lowest low of a particular security calculated over the past nine periods. The Tenkan-Sen line is the conversion line used specifically in the Ichimoku Kinko Hyo (or Ichimoku Cloud) equilibrium charts.
The system also uses the RSI (Relative Strength Index), Congestion BreaOut, and i-Trend indicator as a filter.
Autofibo Trade Zone Reversal Trading Rules
This Highly Effective Forex Indicator and Trading System is designed to keep the system out of trades in markets that are not trending, which should also lead to a higher win rate.
Autofibo Trade Zone reversal trading system. The red sell zone and the blue buy zone. The red zone is overbought territory so caution is advised, when trading long, The blue zone is oversold territory so caution is advised when trading short.
- Best Time Frame : 30 min, 60min, 240 min.
- Recommended Currency pairs : AUD/USD, EUR/USD, USD/JPY, and GBP/USD
Metatrader Trading Indicators
- Auto Fib Trade Zone
- Trend Bars
- I-Trend Indicator
- Tenkan-Sen Ichimoku
- Congestion Breakout
- RSI (14)
Trading when in a red zone means that you want to SELL at the top. Trading in a blue zone means that you want to BUY at the bottom.
- The price is in BLUE Zone wait for:
- Trend Slope aqua color
- Price above upward Tenkan-Sen Ichimoku upward
- Signal Hot Dot green arrow;
- I-Trend Green line>Red line.
- For BUY wait for breakout of the resistance of the triangle
- The price is in RED Zone wait for:
- Trend Slope red color
- Price below downward Tenkan-Sen Ichimoku
- Signal Hot Dot red arrow
- I-Trend Green line<Red line.
- For SELL wait for breakout of the resistance of the triangle
EXIT Rules and Position
We only look for buying opportunities when the price is above Tenkan-Sen line and Trend Slope, and we only look for selling opportunities when the price is below Tenkan-Sen line and Trend Slope.
The best place to place a stop loss is behind swing high and swing low points.
Because price has been rejected from these levels, there is greater chance that the the price is less likely to go to these levels again.
Its easy to spot these swing high or low points on any forex chart…those are the highest peaks and valleys of prices as prices either trends up or down.