Forex Blue Box trading system is based on quotation moves analysis.
The system employs 2 indicators:
• Forex Blue Box Indicator
• Simple Moving Average
In the 7.15 – 10.15 GMT time span High and Low values are sampled.
Both values are entered into the chart, so that they would be handy when a trader
needs them at the time of placing pending orders.
Forex Blue Box draws a blue box around the borders of the selected region.
As soon as the construction of the box is finished, a trader can place the pending orders.
As soon as the blue box has been formed on the chart, it’s necessary to check and
see if it’s positioned above or below SMA.
If the box is positioned above SMA, it’s recommended that you set the following:
Order #1 - Buy Stop Pending Order at price = High, Stop Loss = Low, Take Profit =
20pips from the opening price
Order #2 - Buy Stop Pending Order at price = High, Stop Loss = Low, Take Profit =
30pips from the opening price.
To set Buy Stop Pending Order you need to find New Order button in the Toolbar
How to download click here