441# AFStar Forex System
AFStar Intraday Forex Strategy
Submit by Robert 07/08/2014
AFStar Indicator
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and tested indicators. Save you time on searching for trading
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Description
It’s a kind of a popular arrow indicator with Buy-Sell arrows. Arrows are small and
accurate and do not clutter the chart. Their color is also adjustable in the settings.
It is considered as universal, but please check different pairs and timeframes to find
the optimal terms as they may significantly vary. For instance, here is an example of
good signals on USDJPY, M5: 1
You may need extra indicators for confirmation. It also doesn’t give exit points, so
don’t forget about Stop Loss and Take Profit values.
AFStar Intraday Forex Strategy
Time Frame 30 min.
Currency pairs: majors (example: EUR/USD, GBP/USD, AUD/USD, USD/CHF, USD/CAD, GBP/JPY, EUR/JPY, AUD/NZD).
AFSTar Indicator ( default setting);
Divergence Petraus (29),
Corridor RSX (21,5, 05);
T3 2 color histogram (2).
AFStar Forex System rules
Long entry
Price touches or is below line D1 Support C , is between D1-H4 support C or below H4 support C.
Buy arrow AFStar indicator ;
RSI Petraus black line positive divergence
RSX green color.;
T3 2 color histogram dodger blue bar
Short entry
Price touches or is above line D1 resistance , is between D1-H4 resistance or above H4 resistance .
Sell arrow AFStar indicator ;
RSI Petraus black line negative divergence
RSX red color.;
T3 2 color histogram dodger red bar.
Exit position at the pivot levels or profit target predetermined.
Initial stop loss at previous swing.
In the pictures ASFStar in action.
AF Star System
