Green
Fire System is a trading strategy for to trade in the Forex market.
The system is highly effective and has higher rate of success. Green
Fire is a successful trading system developed by Joy22 (programmer R
and MQL) and freely distributed then sold by jackals, thieves on ebay
and other sites. The Green Fire System works best on H1 and higher
time frames but it doesn’t mean that the system will not work on
the smaller time frames. Here we have the permission of Joy22. Green
fire is a system that adapts well to be successfully used also with
renko graphics and range bars.
Metatrader
4 indicators
Let’s
get back to system. This system contains 5 custom build indicators.
1.Heiken
Ashi Bars:Heiken
Ashi Bars are different types of charts. They are averaged and
smoothed form of the price chart. They help to reduce the noise in
the market. We will be focusing on the Heiken Ashi bar colors for
making our trading decisions.
2.Moving
Averages:In
Green Fire System two moving averages are used which work as a
channel. We will not focus on these moving averages to make our
trading decisions.
3.Trend
Lord:Trend
Lord works as a filtering tool in Green Fire System.
4.MACD,
STR and EMA:you
can see the combinations of these three indicators on the top right
of your chart. These indicators should show the green color in the
time frame you are trading when you are buying and vice versa.
Buy
with Green Fire System.
1.Heiken
Ashi Bar should be green in color.
2.Trend
Lord should be green in color.
3.At
least one of the three indicators (MACD, STR and EMA) should be green
in color.
4.Place
your stop just below the recent swing low.
5.Take
your profits when the Trend Lord bars turn white.
Sell
with Green Fire System.
1.Heiken
Ashi Bar should be white in color.
2.Trend
Lord should be white in color.
3.At
least one of the three indicators (MACD, STR and EMA) should be white
in color.
4.Place
your stop just above the recent swing high.
5.Take
your profits when the Trend Lord bars turn green.
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