361# Forex SofSignal Trading System
Submit by Ketang 02/07/2012
Rules for Using the SOF trading system
The Line that turns from light blue to yellow and green is the SOFSignal3.
The Red and Blue Dots is the SOFSignal1.
The Red and Blue line at the bottom is the SOFSignal2 line.
Entry
BUY when:
1 – A blue dot appears
2 – The SOFSignal2 crosses up the trigger line (blue line crosses up the red
one)
3 – SOFSignal3 line changes color changes to yellow
SELL when:
1 – A red dot appears
2 – The SOFSignal2 crosses down the trigger line (red line crosses down the blue
one)
3 – SOFSignal3 line changes color changes to yellow
Exit
Exit when a new dot appears (red if you Bought and blue if you Sold). This
method gives you mechanical trades. Don't hesitate to transform them into a
discretionary trade after because you can see things that the system can't.
Sometimes, it will be the difference between a 30 pips trade and a 300 pips
trade. Once you move your stop to breakeven and add a trailing stop – you can't
wait alittle more time to see what the market wants to give you.
Stop
In general, I look for previous daily Resistance-Support but I don't have only one
method for my stops. You can also looks for the high or low of the previous bar.
Remarks
Price enter :
The price enter is the open price of the candle or bars where the SOFSignal3
Line is yellow.
SOFSignal2.
The signal is stronger when the SOFSignal2 lines are above 300 or under -300.
SOFSignal3 Line.
''The SOFSignal3 line does turn yellow/non yellow while the current candle/bar is
still forming ... so don’t enter a trade until the end of the current candle confirms
that the yellow section doesn't switch back to a non yellow. So remember wait till
the candle is fully formed until entering a potential trade.
The order:
Don’t take a trade when the cross happens before the dot or when the cross
happens after the SOFsignal3 Line has changed color to yellow.
So, wait for a dot then for the cross and then for the SOFsignal3 line to become
yellow.
It doesn't matter if the cross and the SOFSignal3 Line happen at the same time
but like I said earlier, the cross should never happen after the SOFSignal3 Line
has changed to yellow.
Examples
In the pictures Forex SofSignal forex system in action.
In the example:
GBP/USD 4H
1 - red dot
2 - SOFSignal2 cross
3 - SOFSignal3 Line turns yellow
Enter
Buy @ 1.8368
Stop @ 1.8315
Exit @ 1.8534
Profit: 166 PIPS
From the Example :
GBP/USD 4H
1 - Blue dot
2 - SOFSignal2 Cross
3 - SOFSignal3 Line Turns Yellow
Enter
Sell @ 1.8395
Stop @ 1.8471
Exit
4 - Red dot
Exit @ 1.8184
Profit: 211 PIPS
Share your opinion, can help everyone to understand the forex strategy.
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