If you are a Forex beginner take 2 or 3 pairs, if you are an advanced trader, feel free to take currency pairs. And if you are an experienced trader, the amount of pairs is unlimited. Take as The Octopus Forex trend indicator for MT4 draws an histogram below the main trading window. Green bars suggest to look for buy signals. On the contrary, red bar suggest to look for sell 24/05/ · The Octopus indicator is a custom momentum indicator which helps traders identify trend direction. This indicator points the direction of the trend by displaying bars. These bars 19/07/ · Octopus Cross Forex Trading Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. Based on this DOWNLOAD Forex Octopus Indicator and Trading System (OCTOPUS) FREE DOWNLOAD Forex Octopus Indicator and Trading System – The Octopus forex trend indicator draws an ... read more
Updated On Here is another amazing swing trading Forex Octopus Trading System. Forex Octopus Trading System is a trend following forex trading system.
When I carefully analyzed this forex trading system in the past data using back testing feature in MT4, it generated very good results. And I have optimized these indicators to gain the optimum results. Indicators used in Forex Octopus Trading system are very simple and popular ones. As this fx trading system is very simple it can be used by beginner traders as well. If you are a newbie trader, consider educating yourself about the basic concept of trend.
After a successful completion of installation of Forex Octopus Trading System in MT4 , your chart will look like the one in the picture below:. You can find three moving averages in this system. Yellow moving average is the fastest one; it is a 3-day moving average. Green moving average is a day exponential moving average. And red moving average is a day exponential moving average. Octopus has two versions in this trading system; Octopus 1 and Octopus 2.
Octopus indicate consists of green and red bars. Green bars indicate bullish dominance in the market while the red bars indicate bearish dominance. Octopus 2 is same like octopus 1 but it has slightly different parameter which filters the trade more effectively. DO NOT MISS : Forex Profit Heaper System. Mandrake Trading System. Lang Strategy Trading System. CTG Structure Neural Networks Model. TimmyHanke , Sun Sep 04, pm. demi , Sun Sep 04, pm.
Re: I made a thing. Tradehunter , Sun Sep 04, pm. It would be nice to see some more details. For example, what about SL - does it work with narrow SLs? wojtek , Sun Sep 04, pm. Board index Who are we? Green bars suggest to look for buy signals. On the contrary, red bar suggest to look for sell signals.
This trend indicator can be used for fx scalping but use it in conjunction with other trading indicators slow stochastic, rsi, cci,….
The markets are closed on the weekends so that provides an excellent window to further brush up on your trading practices. There are many websites that offer detailed trading strategies that you can test on your own through a demo account with a broker. Learn as much as you can and keep testing strategies. If you can be profitable in a demo account over the course of three months then you are probably going to be able to use that strategy live.
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Crossover strategies are probably one of the most popular types of trading strategies among beginning traders. However, there are certain stigmas that come with crossover strategies. While there are many new traders who get attracted to the simplicity of crossover strategies, many professional traders use it as well, either as a confirmation of a trend, a precision entry strategy on a lower timeframe, or whatnot.
Others believe that crossover strategies have already lost its edge. To some extent, certain crossover strategy setups might not be working as well as they used to. Each strategy work best for different market conditions. There are certain indications and hints pertaining to the type of condition that the market is in that should be considered but are beyond moving average crossovers. The Octopus Trend Forex Swing Trading Strategy is a crossover strategy that is based on momentum.
This strategy uses a reliable crossover setup and is confirmed by complementary indicators and momentum. The Octopus indicator is a custom momentum indicator which helps traders identify trend direction. This indicator points the direction of the trend by displaying bars. These bars change colors depending on the direction of the trend.
Green bars indicate a bullish trend direction, while red bars indicate a bearish trend direction. There are two variations of the Octopus indicator — Octopus 1 and Octopus 2. Both indicators are somewhat similar. The only difference is the parameters used within the indicators. Octopus 1 tends to be more stable, while Octopus 2 tends to be more responsive to trend changes.
In a typical trend reversal scenario, it is usually the Octopus 2 indicator that would reverse first. However, there are instances where the trend reversal signals coming from the two indicators are very close. These scenarios usually occur when there is a strong momentum shift that caused the trend reversal. This trading strategy is a basic crossover strategy using a period Exponential Moving Average EMA and a period Exponential Moving Average EMA. This crossover trade setup is much like the usual crossover strategies.
It produces gains and losses from time to time. However, when filtered using the two Octopus indicators and a momentum candle, trade setups tend to be more reliable and would often result in profits.
For a crossover to be considered as a valid trade setup, there should be a big momentum candle that initiated the trend reversal. To confirm the trend reversal based on momentum, the two Octopus indicators should also agree with the trend direction as indicated by the moving average crossover and the momentum candle. Trades are then kept open until one of the two Octopus indicators would reverse.
This would usually be the Octopus 2 indicator. This allows traders to enter the trade when the trend reversal is confirmed and exit the trade early when signs of another trend reversal starts to show. Crossover strategies on their own are not as reliable as it used to be.
However, occasionally, it allows traders to catch a huge trend, which makes traders profitable. This strategy however uses a couple of indicators and a momentum candle to confirm such trend reversal. This greatly improves the reliability of this crossover strategy while maintain a decent reward-risk ratio. Traders who would want to maximize gains on trades that result in trends should keep their trades open until one of the indicators show signs of a possible reversal.
However, another good option for exiting trades using this strategy is by setting a fixed take profit target based on a multiple of the risk placed on the stop loss. This provides a fixed reward-risk ratio that is positive. This strategy would also require active trade management as trends may reverse any time without warning. This includes moving stop losses to breakeven and trailing stop losses to protect profits. Forex Trading Strategies Installation Instructions Octopus Trend Forex Swing Trading Strategy is a combination of Metatrader 4 MT4 indicator s and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals. Octopus Trend Forex Swing Trading Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly. Click Here for Step-By-Step XM Broker Account Opening Guide. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.
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DOWNLOAD Forex Octopus Indicator and Trading System (OCTOPUS) FREE DOWNLOAD Forex Octopus Indicator and Trading System – The Octopus forex trend indicator draws an 16/08/ · Forex Octopus. #1. The system is composed of 3xMA and 2 oscillators. TF H1. Trading time: Round the clock. Currency pairs: 19/07/ · Octopus Cross Forex Trading Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. Based on this If you are a Forex beginner take 2 or 3 pairs, if you are an advanced trader, feel free to take currency pairs. And if you are an experienced trader, the amount of pairs is unlimited. Take as The Octopus Forex trend indicator for MT4 draws an histogram below the main trading window. Green bars suggest to look for buy signals. On the contrary, red bar suggest to look for sell 24/05/ · The Octopus indicator is a custom momentum indicator which helps traders identify trend direction. This indicator points the direction of the trend by displaying bars. These bars ... read more
The only thing I know is how to Open and Close my orders. The system is highly effective on any currency pair. Oct 23, The Octopus Trend Forex Swing Trading Strategy is a crossover strategy that is based on momentum. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website. Related Products. Most importantly, is that your broker offers MetaTrader4, since Forex Octopus is only compatible with it.A highly leveraged position can work against the trader when the trade does not work as expected. When will the system pay for itself? You can find three moving averages in this system. All information on this octopus forex or any e-book or software purchased from this website is for educational purposes only and is not intended to provide financial advise, octopus forex. How many hours a day would I need to spend in front of a monitor?