- April 5, 2023
- Posted by: Forex Wiki Team
- Category: Forex Trading System
TrendVision Pro : Forex Trading Strategy
Forex trading can be challenging, especially for beginners who are still learning the basics. One way to improve your trading skills is to use technical analysis tools to help you identify potential trading opportunities. In this article, we will discuss a trading strategy based on two popular technical indicators, the Global Volume and Trend (GVT) indicator and the Dynamic Support and Resistance (DSR) Levels indicator.
What are the GVT and DSR Levels Indicators?
The GVT indicator is a technical analysis tool used to identify trends and measure volume in the forex market. It is based on a combination of moving averages and volume indicators, which allows traders to analyze the strength of a trend and potential reversals.
The DSR Levels indicator, on the other hand, is used to identify potential levels of support and resistance. This indicator plots horizontal lines on a chart based on recent price action, allowing traders to identify key levels where the price is likely to reverse or consolidate.
Using both indicators together can provide traders with a more comprehensive view of the market, allowing them to make more informed trading decisions.
Best Time Frame and Pair for this Strategy
The best time frame for this strategy is the 4-hour chart, as it provides a good balance between accuracy and speed. As for the best pair to trade, the strategy can be applied to any currency pair, but it is recommended to choose a pair with low spreads and high liquidity, such as EUR/USD, USD/JPY, or GBP/USD.
Best Brokers List
The Order TrendVision Pro works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
🇧🇸 The Bahamas
|1:1000||$200||ASIC, SCB, FSA|
|1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|1:1000||$5||ASIC, CySEC , IFSC|
|1:500||$200||FCA , ASIC, DFSA|
|1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
TrendVision Pro Settings:
How to Trade Using the GVT and DSR Levels Indicators
Step: Identify the Key Support and Resistance Levels
The next step is to identify the key support and resistance levels using the DSR Levels indicator. Look for the horizontal lines that have been tested multiple times, as these levels are more likely to hold in the future. These levels can be used as potential entry and exit points for trades.
Step : Follow the Arrow Buy/Sell Signals
Once the trend and key support and resistance levels have been identified, look for the arrow buy/sell signals that appear on the chart. These signals are generated by the GVT indicator and indicate potential trend reversals.
If the arrow buy signal appears, it indicates a potential bullish reversal. Enter a long position at the key support level identified in and set a stop loss below the support level.
If the arrow sell signal appears, it indicates a potential bearish reversal. Enter a short position at the key resistance level identified in Step 2 and set a stop loss above the resistance level.
Step 4: Take Profit and Manage Risk
To take profit, use the key support and resistance levels identified in Step 2 as potential exit points for trades. If the price reaches the key resistance level for a short position or the key support level for a long position, consider closing the trade.
To manage risk, always use a stop-loss order to limit potential losses.
The stop loss should be placed below the key support level for a long position or above the key resistance level for a short position.
It is important to note that no indicator can predict market movements with 100% accuracy, and there is always a risk of loss in trading. Therefore, it is recommended to use proper risk management techniques, such as limiting the amount of capital risked per trade and avoiding over-leveraging.
In conclusion, the GVT and DSR Levels indicators can be powerful tools for forex traders when used together in a comprehensive trading strategy. By identifying the trend, key support and resistance levels, and potential entry and exit points using arrow buy/sell signals, traders can make more informed trading decisions and improve their chances of success. However, it is important to always conduct your own research and analysis and to use proper risk management techniques to minimize potential losses.
GVT and DSR Levels Indicators Free Download
We highly recommend trying the Auto Scalper EA with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.
Please rate this Article