Swinger Trading System has been developed for assisting traders to spot potential trend-oriented swing areas of the market. This strategy has been built based on multiple overbought/oversold and crossover indicators which expands the versatility of this forex trading system.
Swinger Trading System is applicable to trade all kinds of forex currency pairs available in the market. Furthermore, this strategy can be used to trade on all sorts of timeframe charts within the forex MT4 trading platform.
Swinger Trading System Overview
Download and install Swinger Trading System on your MT4 terminal. Once done, your chart will appear like the following image:
Swinger Trading System Explanation
- 11 & 34 EMA: There 11 & 34-day Exponential Moving Averages that have been included for plotting the crossover signals. 11 EMA moves above 34 EMA is considered as the bullish crossover signal of the market trends. Oppositely, 34 EMA moves above 11 EMA means it is a bearish crossover signaling the bearish trend of the market.
- Robby DSS V1.2: Robby DSS is a swing trading indicator, used to identify possible swing levels of the market. Its value near 20 is interpreted as the oversold condition of the market. On the other hand, its value hits at 80 means the market is in an overbought condition. It uses a 5-day period of Stochastics and 8-day EMA for determining the possible swing levels of the market. We recommend you to modify and use 8-day Stochastics and 21-day EMA for avoiding frequent signals and enhancing the signal accuracy.
Also Read: XM Forex Broker
Swinger Trading: Buy Conditions
- 11 EMA moves above 34 EMA
- Robby DSS value reaches near its 20 level
- Buy triggers when the above conditions are met
- Set stop loss below the 34 EMA level
- Exit long/take profit whenever Robby DSS drops from its overbought area
Swinger Trading: Sell Conditions
- 11 EMA moves below 34 EMA
- Robby DSS value reaches near its 80 level
- Sell triggers when the above conditions are met
- Set stop loss above the 34 EMA level
- Exit short/take profit whenever Robby DSS starts to rise from its oversold area
