Lord Forex Trading System MT4 is a forex trading system that is dedicated to serve swing traders and scalpers of forex market. This forex trading system is based on trend and momentum of the market. This forex trading system makes sure that you are in the right direction of the market. Additionally, this forex trading system helps you to time the market.
Lord Forex Trading System Overview
|Currency Pairs||Time Frame||Number of Indicators||Ratings|
|Any||M15, H1, and H4||4||9.7/10|
There are more than 4 technical indicators used in this forex trading system. But I have mentioned only four of them. In fact they are enough to make a sound trading decision based on this forex trading system. We will use only an indicator which is in the main chart window and rest of the three indicators that are in the indicator window will be used to filter the trading signals.
- HAMA 2
The moving average alike indicator that is in the main chart window is a HAMA 2 indicator. This indicator adjusts its color on the basis of the trend of the market. When the market is bullish this indicator is blue and when the market is bearish this indicator is pink.
Goldminer indicator comprises of blue and red bars. You should buy only when the bars of Goldminer indicator is blue and you should sell only when the indicator is pink.
TrendLord indicator comprises of skin color and sky blue color bars. The blue bars indicate bullish signal while the skin color bars indicate bearish signal.
- Digital MACD
Digital MACD indicator has histogram that moves in positive and negative territory. Look for long position when this indicator is positive and vice versa.
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Lord Forex Trading System: Buying Parameters
- Market price should cross above the HAMA 2 indictor.
- Goldminer indicator should form blue bars.
- TrendLord indicator should form sky blue bars.
- Digital MACD indicator should be in positive territory.
- Place your long position when above parameters are met.
- Put your stop loss below the recent swing low.
- Take your profit when HAMA 2 indicator turns pink.
Lord Forex Trading System: Selling Parameters
- Market price should cross below the HAMA 2 indictor.
- Goldminer indicator should form red bars.
- TrendLord indicator should form skin color bars.
- Digital MACD indicator should be in negative territory.
- Place your short position when above parameters are met.
- Put your stop loss above the recent swing high.
- Take your profit when HAMA 2 indicator turns blue.