The following Custom FX Indicator and Strategy are 100% Free, and specifically available to ITM Financial Subscribers.
THIS is only ONE of 94 algorithms that make up the ITM Financial Engine, due for launch in February, 2012 (more on that in future emails).
Let’s get started ~
First, Download the ITM Financial – SigAlert Indicator
Here (PLEASE RIGHT-CLICK & SAVE-AS to download it) – Works with MetaTrader 4 and above.
Installation Instructions:
1) Download and Save the ZIP file above, then extract the EX4 file inside into your C:\Program Files\MetaTrader 4\experts\indicators folder
2) Close your MetaTrader application (assuming it’s currently open … Ignore this if the application hasn’t been launched)
3) Launch your MetaTrader application again.
4) On the left hand side, look for the “Navigator” window
5) Under the “Common” tab, look into the “Custom Indicators” directory
6) Locate the indicator which you have just downloaded into the folder stated in Step 1
7) Drag (Click and drag) the indicator onto the chart
.. Voila… done
Now, follow this Powerful Strategy, using the Indicator you’ve just downloaded earlier, step by step in order to secure a profit on practically every trade you place on the market:
1. Take a look at the chart below:
The BOTTOM half of this chart shows the ITM Financial – SigAlert Indicator in action.
2. Follow This Strategy:
Open your position when the SECOND red or green bar appears and Exit your position when the blue line crosses the zero (middle) line.
Note: You CAN technically enter a trade on the 1st green or red bar. The only downside of doing this is that your position will not really be confirmed as there could be pullback and/or reversal. Waiting for the SECOND bar ensures that your intended trading position is indeed valid and you are safe to go ahead and open the position live.
Next,
Place your stop loss 2 to 3 pips below ( when going LONG ) and 2 to 3 pips above ( when going SHORT ) of the previous candle, assuming you’re using Candle-stick charts.
Noting
if the signal for selling appears at the bolliger band`s bottom,it is not considering to sell,the best time to make your position is using bolliger band with this FX System ,
According to several thousand tests we’ve performed (by opening live positions on the market), this strategy works extremely well on 15-minute (M15) to 4-hourly (4H) timeframes.
We’ve tested it on several major FX pairs, and have received the best results on the EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/GBP, AUD/USD and NZD/USD pairs.
