135# Forex Aurum Trading System

Trend Momentum Strategy

Submit by Dimitri

Objective:

To identify trend reversals quickly and accurately by combining price action with sophisticated market timing algorithms, providing clear Buy or Sell alerts on multiple time frames.

Setup Strategy

Time Frames:

M5 or higher.

Key Components:

Price Action Analysis: Monitoring the price movement to identify potential reversals.

Market Timing Algorithms: Utilizing advanced algorithms to confirm the trend reversals.

Buy/Sell Alerts: Visual signals displayed on charts indicating potential reversal points.

Signal Confirmation: Both Aurum Alter Signals and Aurum Alter Direction must match to open a trade.

Trading Rules

Buy Entry

Signal Confirmation:

Ensure both the Aurum Alter Signal and Aurum Alter Direction indicate a Buy signal.

Chart Check

Look for the Buy alert on your chosen time frame chart (e.g., M1, M5, M15, M30, H1, H4, or D1).

Market Entry

Open a Buy trade at the point where both signals match.

Stop Loss:

Place a stop loss below the recent swing low or a predefined number of pips away (based on volatility and risk preference).

Take Profit

Set a take profit level at a reasonable distance, based on the time frame used and expected market movement.

Alternatively, use a trailing stop to lock in profits as the trade progresses.

Sell Entry

Signal Confirmation

Ensure both the Aurum Alter Signal and Aurum Alter Direction indicate a Sell signal.

Chart Check

Look for the Sell alert on your chosen time frame chart (e.g., M1, M5, M15, M30, H1, H4, or D1).

Market Entry

Open a Sell trade at the point where both signals match.

Stop Loss

Place a stop loss above the recent swing high or a predefined number of pips away (based on volatility and risk preference).

Take Profit

Set a take profit level at a reasonable distance, based on the time frame used and expected market movement.

Alternatively, use a trailing stop to lock in profits as the trade progresses.

Additional Guidelines

Trade Management

Monitor open trades and adjust stop loss and take profit levels as needed based on market conditions.

Consider partial profit-taking strategies to secure gains while letting the rest of the trade run.

Risk Management

Risk only a small percentage of your trading capital per trade (e.g., 1-2%).

Diversify trades across different time frames and currency pairs to reduce risk.

Emotional Control

Stick to the strategy rules strictly to eliminate emotional decision-making.

Avoid overtrading and be patient for the right signals.

Conclusion

The Aurum Alter Trading Strategy leverages the combination of price action and advanced market timing algorithms to provide reliable and timely trade signals. By following the strategy's guidelines and maintaining disciplined risk management, traders can aim for consistent profits and reduced trading risk. This strategy provides a structured approach to trading using the Aurum Alter system, emphasizing the importance of signal confirmation, risk management, and emotional control.

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Write a comment

Comments: 3

#1
Clare (Sunday, 11 May 2014 16:36)

What are the abbreviations SS and SSL for, and when I push the links to download, one opens a templates page and the other Nonlagma page. please help. Thanks
#2
Tomi (Thursday, 13 November 2014 04:51)

The SSL_fast_sBar_alert_mtf.mq4 don't work
#3
Igor (Tuesday, 25 November 2014 20:09)

Good. but my mt4 didnt accept ssl_fast indicator.

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