- January 28, 2023
- Posted by: Forex Wiki Team
- Category: Forex Trading System
Elder Impulse Auto Trading System Review
Elder Impulse Auto Trading System is a flexible trading strategy that is ideal for every trading style and any degree of expertise, whether you are a novice or a seasoned financial market shark.
The system, of course, does not repaint and includes all of the required alarm systems to ensure that you do not miss another profitable indication. The Elder Impulse Auto Trading System has the following characteristics: Metatrader4 is the trading platform. Currency pairs: Any currency pair, but major is encouraged.
Trading Hours: Anytime, however, the London and New York trading periods are advised. Any time frame is acceptable. Â
Best Brokers List :
The Elder Impulse Auto Trading System requires a broker with good conditions and spreads However, it is important to note that not every broker will provide the same performance, as there are various feeds in index trading. A good and fair broker with good spreads is recommended for the best results.
We recommend that our clients use one of the top forex brokers listed below:
Elder Impulse Settings :
The Take Profit level is determined by the traded pair and period. You can also seal a transaction if you do the following:
the emergence of the opposing signal, at the nearest level of support/resistance,. round figures, etc.
Stop Loss - as illustrated in the pictures above, a few pips above/below the nearest local price high/low.
This video explains everything in further detail:
There are three trading modes in the system, each with its own set of risks:
FXMastery1 - has the highest risk and offers the most trading signals. It's great for scalping.
FXMastery2 is a global model with balanced signals and modest risk.
FXMastery3 has a limited amount of trading signals, but they are the most accurate.
The system includes everything you'll need to track signals with ease:.
Alerts.
Notifications on your phone.
Notifications through email.
Trading Regulations:
Elder Impulse Auto Trading System is made up of four indicators, each of which serves a specific purpose:
Buy/Sell Indication - the major signal indicator, which is represented by a blue and white diamond and serves as a market entry point.
The major filter that helps determine the direction of the current trend is the Trend Filter.
Daily Range - an indirect filter that takes into consideration the remaining daily range for more accurate submissions (this is described in detail in the manual).
Trading Assistant is an auxiliary EA that will make your trading easier.
It may be used as a standalone indicator or in conjunction with any manual trading system:
So, let's talk about the system's signals.
Signal to buy:
On the chart, there was a blue diamond.
The rise is confirmed by Trend Filter.
If the Daily Range Today is many tens of pips lower than the norm, this suggests a stronger signal:
Signal to sell:
On the chart, there was a white diamond.
The downturn is confirmed by Trend Filter.
If the Daily Range Today is many tens of pips lower than the norm, this suggests a stronger signal:
Of course, Elder Impulse Auto Trading System isn't the holy grail, and it has problems. However, if you properly manage your money, remove earnings on time (if you aren't going to reinvest), and pay attention to the publication of vital economic news, this strategy may undoubtedly make a profit.
We highly recommend trying this trading system for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.