Raitis Trading system MT4 is one of my personal favorite forex trading systems. I love this system because it is totally based on trend. Raitis Trading system has indicators to generate signals and another set of indicators to confirm them. Another reason to like Raitis Trading System is it has amazing visual presentation. As the Heiken Ashi chart is used, you will not see randomness in the price, you will see a cyclical pattern of the market instead. I would recommend this trading system to anyone who loves to trade M15 and H1 timeframes, and who is a trend trader.
Raitis Trading System Overview
When you successfully install Raitis Trading System in your MetaTrader 4, your chart should look like the one shown in the picture below.
|Number of Indicators
|M15 and H1
|Any trending pairs
Raitis Trading System Indicators
Although there are 6 technical indicators in this forex trading system, we will use only the ones that are very crucial.
|Main Chart Window
|Heiken Ashi Bars
|Raitis Price Channel
• Heiken Ashi Bars
Heiken Ashi Bars are very useful trend following traders as these bars are formed based on averages. Averages do not fluctuate like prices, they are smooth. The smoothing nature of Heiken Ashi Bar helps traders to identify the ongoing trend of the market in an easy manner.
• Raitis Price Channel
Raitis Price Channel is a very simple technical indicator which can guide traders regarding the market trend. When this indicator is below the market price, you should understand that the market is in bullish trend and vice versa.
RaitiStoch is a momentum based indicator with has two oscillators. There is green and orange oscillator. When green oscillator is above orange, it’s a bullish signal and vice versa. The more is distance between these two oscillators, the stronger the trend is.
RaitisCyFilter is a technical tool built for filtering the signals generated by the indicators in the main chart widow. It’s simple. You should open your buy position only when the bars are green, and you should open your sell position only when the bars are golden color.
Do Not Miss: Forex Profit Trend Following System
Raitis Trading System: Buy Parameters
1) Major trend of the market should be up.
2) The Heiken Ashi Bars should be green.
3) Raitis Price Channel should appear below the market price.
4) The green oscillator of RaitisStoch indicator should be above orange oscillator.
5) The RaitisCyFilter indicator should form green bars.
6) Place your long position when above parameters are met.
7) Place your stop loss below the recent support level.
8) Book your profit when Raitis Price Channel indicator appears above market price.
Raitis Trading System: Sell Parameters
1) Major trend of the market should be down.
2) The Heiken Ashi Bars should be golden color.
3) Raitis Price Channel should appear above the market price.
4) The green oscillator of RaitisStoch indicator should be below orange oscillator.
5) The RaitisCyFilter indicator should form golden bars.
6) Place your short position when above parameters are met.
7) Place your stop loss above the recent resistance level.
8) Book your profit when Raitis Price Channel indicator appears below market price.