Buy Sell Magic Indicator – 85% winning trades
Buy Sell Magic Indicator is a simple pointer indicator, which is better to use on the major currency pairs in the London session. Buy Sell Magic gives many false signals, so it should not be used alone, and it is better to add to it additional filters.
Characteristics of the Buy Sell Magic Indicator
Platform: Metatrader4
Currency pairs: Major pairs
Trading Time: London session
Timeframe: M5 or higher
Recommended broker: Roboforex, XM, Forex4you
Trading Rules
Buy signal:
Buy Sell Magic paints a green arrow + screen alert
Open Buy trade. Buy Sell Magic calculates the Stop Loss for you and displays it in the popup alert screen. Alternatively, keep you Stop Loss tight and place it just below the grey dotted line (support).
Trade exit (Take Profit) – 2 rules:
Set your own profit target, for example 25 pips, do not wait for an opposite trading signal issued by the BuySell Magic Indicator.
Wait for an opposite trading signal (Sell signal) to close the long trade.
Sell signal:
Buy Sell Magic paints a red arrow + screen alert
Open short trade. Buy Sell Magic calculates the Stop Loss for you and displays it in the popup alert screen. Alternatively, keep you Stop Loss tight and place it just above the grey dotted line (resistance).
Trade exit (Take Profit) – 2 rules:
Set your own profit target, for example 25 pips, do not wait for an opposite trading signal issued by this Indicator.
Wait for an opposite trading signal (Buy signal) to close the short trade:
buy-sell-magic-trading-system
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