The Forex Intrepid Buy Sell Trading Indicator System is a sophisticated trading strategy designed for forex markets. This system incorporates a variety of indicators, including channel indicators, trend indicators, and the MACD, and is suitable for all timeframes and currency pairs.
How It Works and Application in Trading
Trading Rules Explanation
Buy Entry
Initiate a long trade when the following conditions are met:
Initiate a short trade when the following conditions are met:
Exit the trade when the price touches the opposite channel band, or use your preferred trade exit strategy.
Important Considerations
For optimal results, adhere to proper money management practices. Successful trading requires mastery of discipline, emotional control, and psychological resilience. It is crucial to know when to trade and when to avoid trading. Avoid trading during unfavorable conditions such as low volume/volatility, outside major sessions, with exotic currency pairs, or when spreads are wider.
Setting Up the Forex Intrepid Buy Sell Trading Indicator System in MT4
Files Included
The Forex Intrepid Buy Sell Trading System is a valuable addition to any trader's toolkit. However, it's important to maintain realistic expectations. Like any technical analysis tool, it cannot provide 100% accurate signals and may occasionally produce false signals. The system's performance can vary significantly depending on market conditions.
How It Works and Application in Trading
Trading Rules Explanation
Buy Entry
Initiate a long trade when the following conditions are met:
- The price touches the lower band and then turns green.
- All PBF Trend bars indicators are green.
- CZI indicator bars are aqua.
- The MACD indicator displays negative values.
Initiate a short trade when the following conditions are met:
- The price touches the upper band and then turns red.
- All PBF Trend bars indicators are red.
- CZI indicator bars are brown.
- The MACD indicator displays positive values.
Exit the trade when the price touches the opposite channel band, or use your preferred trade exit strategy.
Important Considerations
For optimal results, adhere to proper money management practices. Successful trading requires mastery of discipline, emotional control, and psychological resilience. It is crucial to know when to trade and when to avoid trading. Avoid trading during unfavorable conditions such as low volume/volatility, outside major sessions, with exotic currency pairs, or when spreads are wider.
Setting Up the Forex Intrepid Buy Sell Trading Indicator System in MT4
Files Included
- Indicators:
- CCI_Woodie_Panel_Heart_v4.mq4
- CZI.mq4
- FR-ReversalPoints.mq4
- FX Sniper’s SideWinder Angle.mq4
- Kaufman3.mq4
- New_Candle_Alarm.mq4
- PBF_PB_Direction.mq4
- PBF_Squeeze.mq4
- PBF_Trend_Bars_v2.mq4
- super-signals-channel.mq4
- Supertrend1.mq4
- TzPivotsD_v3.5 (White).mq4
- TzPivotsMW_v3.5 (Black).mq4
- Template:
- Forex Intrepid Buy Sell Trading System.tpl
- Copy and paste the indicator files into the MQL4 folder of the MetaTrader 4 trading platform.
- Access this folder via the top menu options: File > Open Data Folder > MQL4 > Indicators (paste here).
- Similarly, copy and paste the template file into the Templates folder.
- Right-click on the chart, hover over Templates, and select the template name to activate the system.
The Forex Intrepid Buy Sell Trading System is a valuable addition to any trader's toolkit. However, it's important to maintain realistic expectations. Like any technical analysis tool, it cannot provide 100% accurate signals and may occasionally produce false signals. The system's performance can vary significantly depending on market conditions.