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| Trading system |
DSS Arrow trading system is a forex strategy which is a very dynamic system. It might become a perfect trading system if used for the swing trading. It has a very simple work way where the main signal is generated by the indicators in the main chart window while the oscillator based indicator below the main chart work as confirmation.This trading system also can be used as a trend following trading system. For the sake of accuracy, trade it on the timeframe higher than 5 minutes. The best fit is in timeframes like H1 and H4.
Mt4 Indicators:
Filters:
Filters are technical indicators which are basically a customized version of a moving average. When the market goes up the filter indicator is green and when the market falls the filter indicator is maroon.
Arrows:
You can see the white and red arrows on the main chart. This arrow can be useful for daily traders but as a swing trader you may not need this arrow to enter / exit on the market. But when you buy / sell this arrow can be used as a confirmation tool.
DSS Arrows:
DSS Arrows consist of red and white arrows that move oscillator in the indicator window. When this arrow is white you have to buy and when this arrow is red you have to sell.
Buy entry:
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| Buy condition |
- The market must rise in trend.
- The market must be above the filter
- The DSS Arrows indicator must be white.
- Place your buy position as soon as the conditions above are met.
- Set stop loss below the recent swing low.
- Take your profit when the market passes through the filter below
Sell entry:
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| Sell condition |
- The market must go down the trend.
- The market must be under Filter
- The DSS Arrows indicator must be red.
- Place your short position as soon as the above conditions are met.
- Set stop loss above the recent swing high.
- Take your profit when the market passes the Filter above
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