103# Force Index indicator trading system

Force Index indicator

 

Submit by Bonnie 06/08/2013

 

Currency pairs:any

Time Frame 30 min or higher

 

Forex Indicators

Moving Average - period 20, simple method

Parabolic SAR indicator - step 0.02, maximum 0.2

MACD indicator - fast ema,12, slow ema ,26, Macd sma ,9

Force Index indicator - period 13, simple method

Stop Loss should be set to 15-20 pips away from the entry price.

Force Index Trading System
Force Index Trading System

 

The Moving Average line near the price candles; it’s normallyabove or below the price.

 

Parabolic SAR is represented by the dots that are also found above or

 

below the price. MACD and Force Index are shown in two separate windows.

 

Four conditions must be met in order for you to profit from this strategy.

 

As I’ve already said, you can profit either on an uptrend or a downtrend.

Let’s start with profiting on an uptrend.

Force Index Trading System
Force Index Trading System

 

Long Entry:

These are the conditions that must be met:

The Moving Average should be below the price and going up

The Parabolic SAR should be below the price

There should be an MACD crossover below the ‘zero line’

The Force Index should be going up

The important thing to remember is that all of the above conditions

must be met. Don’t attempt trading if only three of the four criteria are met.

Force Index Trading System
Force Index Trading System

 

Here are the requirements that must be met:

The Moving Average should be above the price, and going down

The Parabolic SAR should be above the price

There should be an MACD crossover above the ‘zero line’

The Force Index should be going down

Of course, the exit indicators are the Parabolic SAR and/or MACD:

The Parabolic SAR is going below the price; and/or

There is an MACD crossover below the ‘zero line’

 

There are two rules for exiting/closing your position when trading on an

uptrend:

Exit when the Parabolic SAR goes above the price

Exit when there is an MACD crossover above the ‘zero line’

The important thing is that you must exit when either of the above

occurs. When either one of these conditions is met, it’s time to close the

trade. So exit the market when either of the two statements above applies;

you only need one of them as a trigger. For exiting/closing your position when trading on an downtrend reverse conditions.

Force Index Trading System: Template MT4

Force Index Trading System: Template MT4
Force Index Trading System: Template MT4
force index trading system.rar
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