Satanic Forex V5 represents a versatile trading strategy that can be applied for both trend-following and swing trading purposes. Its price channel helps traders to find the possible swing levels of the market. This strategy also includes a unique crossover system for finding market trends.
Satanic Forex V5 can be applied to trade all kinds of forex currency pairs available online trading. Moreover, this flexible strategy suits all sorts of timeframe charts within the MT4 forex trading platform.
Satanic Forex V5 Overview
Once you’re done with the installation of Satanic Forex V5 on your MT4 terminal, your chart will transform like the following image:
Explanation
- Snake & T3 EMA: Snake is a 6-day MA calculated based on the high-low method. It moves faster than T3 Exponential Moving Average. Snake is greater than T3 EMA is considered as the bullish crossover. For the bearish crossover signal, the Snake value must be lesser than T3 EMA.
- Gelang Setan: Gelang Setan is a dynamic price channel, used to outline possible overbought/oversold area of the market. Its lower band represents the oversold level and the upper band as the overbought area of the market. While being on a trade, you can use these levels for determining the stop level of your market entry.
- Jin Tomang: This indicator has been included for a better understanding of the crossover signals. Whenever there is a crossover between Snake and T3 EMA, it plots a dot around the price bar as a confirmation of the crossover signals.
Satanic Forex V5: Buy Condition
- Snake moves above T3 EMA
- Jin Tomang plots green dot below the price candle
- Price hits the lower band of the Geland Setan
- A buy can be triggered when the above conditions are done
- Set stop loss below the lower band of Gelang Setan
- Exit long/take profit whenever Jin Tomang confirms a bearish crossover
Also Read: Exness Broker Review
Satanic Forex V5: Sell Condition
- Snake moves below T3 EMA
- Jin Tomang plots red dot above the price candle
- Price hits the upper band of the Geland Setan
- A sell can be triggered when the above conditions are done
- Set stop loss above the lower band of Gelang Setan
- Exit short/take profit whenever Jin Tomang confirms a bullish crossover
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