The FX Viper Pro Strategy is a comprehensive Forex MT5 trading strategy that combines the power of the Custom Moving Average and ASCtrend Indicator.
This strategy aims to provide traders with a competitive edge by identifying high-probability trade setups.
FX Viper Pro Strategy Overview
The Custom Moving Average offers enhanced flexibility and customization options compared to traditional moving averages, allowing traders to adapt it to their specific trading requirements.
The ASCtrend Indicator helps identify trend strength and potential reversal points, serving as a valuable tool for entry and exit signals.
By integrating these two indicators, the FX Viper Pro Strategy offers traders a systematic approach to analyzing the market and making informed trading decisions.
Risk management and disciplined trade execution are essential components of successfully implementing this strategy.
FX Viper Pro Strategy Chart Explanation
When analyzing charts using the FX Viper Pro Strategy, traders focus on the interaction between the Custom Moving Average and the ASCtrend Indicator.
A potential buying opportunity arises when the price crosses above the Custom Moving Average, and the ASCtrend Indicator confirms a strong bullish trend.
Traders can consider entering a long position at this point.
Conversely, a potential selling opportunity occurs when the price crosses below the Custom Moving Average, accompanied by a bearish signal from the ASCtrend Indicator, indicating a strong bearish trend.
Traders can consider entering a short position in this scenario.
Also Read: AO Bollinger Strategy
FX Viper Pro Strategy: Buy Condition
- The price crosses above the Custom Moving Average.
- The ASCtrend Indicator confirms a strong bullish trend.
- There is a confluence between the price crossing above the Custom Moving Average and the ASCtrend Indicator signaling a bullish trend.
FX Viper Pro Strategy: Sell Condition
- The price crosses below the Custom Moving Average.
- The ASCtrend Indicator confirms a strong bearish trend.
- There is a confluence between the price crossing below the Custom Moving Average and the ASCtrend Indicator signaling a bearish trend.
