Forex Octopus Trading System

Forex Octopus Trading System is a system trading which based on trend following, this is another amazing swing system trading,this system has tested using back testing feature in MT4, it generated good results. Forex Octopus Trading System uses several indicators are very simple and popular. It doesn’t matter whether you are a beginner trader or an experienced trader all can use this system strategy, it can be used to make money consistently in fx market. This system can be used on any currency pair with using timeframe M15, H1, H4, and Daily.

After successfull installation of Forex Octopus Trading System in MT4, the main chart should be look like this.

Forex Octopus Trading System

INDICATORS

Moving Averages

There are 3 moving averages indicators in this system,Yellow Moving Average is 3-period Moving Average, it is the fastest one, Green Moving Average is a 13-period Exponential Moving Average and 55-period Exponential Moving Average.

Octopus 1

This system has two version of octopus indicators.Octopus 1 and Octopus 2, consist of green and red bars, the green bars indicate bullish dominance in the market while bearish dominance is marked by red bars.

Octopus 2

Same as Octopus 1 but it has slightly different parameter which filters the trade more effectively.

Forex Octopus Trading System Indicators

RULE OF Forex Octopus Trading System

BUY Entry

• The currency pair you are watching on current timeframe, should be up trending.
• The fastest Yellow moving average should be above all the other moving averages.
• Octopus 1 and Octopus 2 indicator should form green bars.
• Market should be bouncing from the recent support level.
• Execute your buy trade when above parameters are met.
• Put your stop loss below the recent support level.
• Exit trade with profit when yellow moving average falls below red moving average.

Forex Octopus Trading System in bullish market

SELL Entry

• The currency pair, on the time frame you are watching, should be down trending.
• Yellow moving average should be below all the other moving averages.
• Octopus 1 and Octopus 2 indicator should form red bars.
• Market should be falling from the recent resistance level.
• Execute your sell trade when above parameters are met.
• Put your stop loss above the recent resistance level.
• Exit trade with profit when yellow moving average rises above red moving average

Forex Octopus Trading System in bearish market

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Read Also:

Blackedge Fx System Strategy

ProFx Forex Trading System