Easy Trading System: Market Order System Indicator

I believe that you have recently heard what is pending order. Pending order is an entry you do in trading before the price move to a level you wait. When you need to know more what is pending order, you can click here. Along these lines, this is one of the frameworks that you can use in forex trading.

The man who creats this method is Bob Howson. He called it as Order System and its simply that. It's been making him benefits for quite a while and he trusts it does the same for you.

This is the thing that you need is 3 Level ZZ Semafor Indicator. You need to set it on your platform. Next, take after the direction here:

UP TREND RULES:

1) Look at The Daily Charts

2) You must know the Trend

3) Trade by setting pending order.

4) Put your STOP LOSS under the yellow DOT #3

5) At the CLOSE of the yellow DOT and put your BUY STOP ORDER above the DOT Then sit tight for the price to hit this level, Which triggers the exchange.

6) keep moving your stop up every 50 or something like that pips

7) Close the exchange when A PINK or YELLOW DOT shows up.

Do The Opposite For A SELL Trade. see Diagram.

 

It must be used on Daily Chart

To check which way the business is slanting. eg: BULLISH MARKET: Open you 4h Chart and check whether it going up. Do the same on the Daily and to affirm check the Weekly Chart as well. Assuming that they are all drifting upwards this might be an UP TREND.

The outline above is an UP TREND. In the event that it is a DOWN TREND only search for the inverse signs.i do utilize the PINK & YELLOW markers the YELLOW or #3 are the stronger sign of the following move.i assume it can repaint that is the reason I utilize Market Orders. That way in the event that it does opposite there is no misfortune since the exchange might not have been triggered.

An alternate way you could utilize it is hold up for an Engulfing flame in the inverse course after the pink or yellow marker.best thought is test it on a demo record till you tweak it to your own particular enjoying.

There is a few things I neglected to say. I NEVER exchange on a sideways trend such as the AUDJPY at the minute. Likewise when you download the Semafor it may indicate a light tan marker, change this to BLACK, so it dows not demonstrate on your outline foundation.

Cheers !

Download this indicator here.