Signal trading strategy Forex Ultimatum
Forex Ultimatum trading strategy - is very easy to apply. It has no specific processing rules trading signals indicators. The only thing is that you need to monitor and follow the signals given by Forex Ultimatum.
On the chart of the selected currency pair, you set two indicator: Trend Detector и Entry Signal.
Trend Detector indicates the direction of the trend.
In the window. Entry Signal indicator market entry, StopLoss and TakeProfit levels are marked.
Forex Ultimatum trading strategy. Opening a long position
- Trend Detector indicates Main Trend - UP.
- Entry Signal indicates the opening of a Buy trade. If you see the message: "Buy Signal Detected. Open 2 lots on PAIR at Price", you open a long position in two lots at the specified price.
At the same time, a signal is given to set StopLoss и TakeProfit. The first TakeProfit is set for the first lot, the second - for the second lot.
Forex Ultimatum trading strategy. Opening a short position
The rules for opening a short position are opposite to the rules for opening long positions.
Additional conditions
Forex Ultimatum trading strategy gives good results on H4 and Daily timeframes and on popular currency pairs EUR/USD, GBP/USD, USD/CHF. It generates signals not so often, but allows you to have more profits.