Buy
Sell Magic are a trading system trend following based on two trend
indicators suitabale for short time frame as 5 min but You can use
also at higher time frame. At 5 min and 15 min time frame to use the
indicator only during the London or US sessions (starting 1-hours
before the opening is fine). Make sure to watch a news calendar and
stayaway from trading before and after news releases. 90% of false
signals are generated because of unexpected price moves on a news
release. Use the software buy or sell signals only ona clear strong
trend:
-
Identify a current trend. (Remember? The trend is your friend?)
-
Ignore all signals against a current trend!
Example:
Trend
is up – but you get a “sell” signal ( ignore it!) Wait for a
“buy” signal to enter.
Do
not trade on a side ( sideways trend) – ignore all signals.
Pairs
GBP/JPY,
EUR/USD, USD/JPY, GBP/USD and all other major pairs.
Timeframes
5-min,
15-min, 30-min, 1-hour, 4-hour, 1-day.
Trading
rules Buy Sell Magic
The
Buy Sell Magic generates trades when it paints arrows.
Long
trades occur when the “Buy Sell Magic” shows a GREEN arrow +
popup alert.
Short
trades occur when the “Buy Sell Magic” shows a RED arrow +
popup alert
Important:
a popup alert is your confirmed signal to enter a trade.
Parameters:
Important:
I tried to speed up the software as much as I can, but in this case
there is always a possibility of getting a false entry signal. If you
prefer safer trading - you can change the SignalPeriod ( by default
set to 12 - indicator02 ) for example to “20” and get a 1 bar
delayed (confirmed!) entry signal BUT less ( which is the most
important) FALSE entry signals on a sideway trends.
False
signal example: BUY then SELL in 1-2-3 bars only.(in most cases
caused by a news releases – unexpected price moves).
Stop
Loss
A
stop loss level will be automatically calculated and displayed in
your popup alert window. It is a previous bar (high or low value) +
your personal extra value number in the indicator INPUTS – by
default 200 - for 5 digits broker it is equal to 20 pips.
Remarks:
the preset extra number will be added to the previous bar high or low
and displayed in your popup alert ( 100 = 10 pips for 5 digits
brokers, 10=10 for 4 digits brokers) – change it if you like a
tight stop loss for example 5 pips =50 for 5 digit brokers or =5
for 4 digit brokers).
Exiting
Trades (take profit)
1.
Exit trades when the software issues the opposite trading signal.
This ensures that you trade with maximum profits and right before the
market reverses.
2.
Set your own profit target, for example 30 pips per trade and exit
all trades as soon as you reach your profit target – do not wait
until the software gives you an opposite signal. This is the safest
way of trading and reduces your risk level.
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