Forex Stealth System applies a versatile forex trading strategy that can be used for both swing trading and trend following trading purposes. This system has stressed on plotting easy demonstrations of trade signals so that traders with any level of trading experience can try and be benefited from it.
Forex Stealth System can be applied to trade all kinds of forex currency pairs available at the market. Besides, this system can be a good fit for all the timeframe charts between M1 to D1.
Forex Stealth System Overview
After the installation of this System at your forex MT4 platform, your trading chart will appear like the following image:
How To: Trade Head & Shoulders Pattern
Forex Stealth System Anatomy
- Fractals: Fractals are used to define the possible short-term swing levels of the market. A fractal arrow appears whenever a new swing high or low is created by the price action of the market.
- Stealth Earlybird V10: It directly plots the trade signals for its users by plotting up/down arrows around the price bars. An uppish arrow below the price bar signals the buy entry and a downward arrow above the price bar represents the sell entry signal.
- Stealth Buy Sell V10: Works as a trade signal filter. It turns green to support the buy signal entries and turns red to validate the sell entry signals generated by Stealth Earlybird V10.
- Stealth LCS V10: It works almost as same as Stealth Buy Sell V10 to filter the trend momentums. It is green when the trend is bullish and turns red to validate the current bearish thrust of the market.
- Stealth Hybrid: This indicator has been added to enrich the trend filtering strategy of the system. Stealth Hybrid is positive when the trend is bullish and turns to verify the trend as bearish.
Forex Stealth System: Buy Parameters
- Fractal appears below the price bar
- Stealth Earlybird plots an upward arrow
- Both Stealth Buy Sell V10 and Stealth LCD V10 turn green
- Stealth Hybrid turns positive
- Buy triggers when the above conditions are met
- Set stop-loss below the current swing low of the market
- Exit long/take profit whenever Stealth Buy Sell V10 plots a down arrow
Forex Stealth System: Sell Parameters
- Fractal appears above the price bar
- Stealth Earlybird plots a down arrow
- Both Stealth Buy Sell V10 and Stealth LCD V10 turn red
- Stealth Hybrid turns negative
- Sell triggers when the above conditions are met
- Set stop-loss above the current swing low of the market
- Exit short/take profit whenever Stealth Buy Sell V10 plots an upward arrow
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How can the Stealth System be incorporated into an MT4 expert advisor?