Forex Glaz is a forex trading system. The Forex Glaz is a zig zag based forex trading system. This forex trading system can be used to trade in any time frames higher than 1 minute. Forex Glaz is not a scalping forex trading system it is a rather swing trading forex trading system.
The indicators in the main chart window of Forex Glaz forex trading system generates the buying and selling signals and those signals are verified by the indicators that are in the indicator window. There are only three technical indicators used in Forex Glaz forex trading system.
When you install Forex Glaz system in your trading system, your chart should look like this:
Forex Glaz consists of a yellow line that moves in zig zag form. Each reversals of this indicator is separated by he yellow dot. You should buy and sell on the basis of those dots. In an up trending market when you see a dot after the end of the correction you should enter long position. Similarly in a down trend, when you see the end of up ward correction, you should sell.
- Golden MACD
Golden MACD is nothing more than a histogram that fluctuates in positive and negative territory.
- Gold MACD
Gold MACD indicator consists of blue histogram that moves in positive and negative territory. When the histogram is in positive territory market is bullish and vice versa.
Buying Conditions Using Forex Glaz.
- Market should be up trending.
- A yellow dot should form after the correction.
- The Golden MACD indicator should be in positive territory.
- The Gold MACD indicator should be in positive territory.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when another yellow dot appears.
Selling Conditions Using Forex Glaz System.
- Market should be down trending.
- A yellow dot should form after the correction.
- The Golden MACD indicator should be in negative territory.
- The Gold MACD indicator should be in negative territory.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when another yellow dot appears.
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