- October 19, 2023
- Posted by: Forex Wiki Team
- Category: Forex Trading System
Radar Signal Trading System Review
In the competitive world of forex trading, traders always hunt for reliable systems that can guide their investment decisions. The Radar Signal Trading System is one such system, known for its precision in swing trading. This article delves into its intricate details.
Understanding the Radar Signal Trading System
The Radar Signal Trading System is not just another system in the forex market; it stands out with its exceptional ability to filter market noise. This is achieved by the harmonious integration of various technical indicators. When these indicators concur, the probability of that outcome happening skyrockets, offering traders a clear direction.
Best Brokers List
Radar Signal Trading System works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Key Features
- Clear Signals: This system shines in its capability to provide lucid buy and sell signals.
- Predefined Targets: Often, traders grapple with deciding take-profit and stop-loss levels. This system comes to the rescue by providing predetermined target levels.
- Performance Rating: With an impressive 9.8/10 score, it’s adaptable across various time frames - M15, H1, H4, and Daily, and is suitable for all forex pairs.
Core Components
- Radar Signal: A concoction of essential technical indicators like ADX, RSI, CCI, OSMAR, and ATR. A bullish market sees these indicators turn blue, while a bearish sentiment paints them red.
- Daily Open: Resembling a moving average, this is the mainstay of the system. It dishes out buy/sell signals along with target levels.
- StochHistogram: A histogram indicator that oscillates between positive and negative zones, giving insights into market momentum.
How to Execute a Buy Trade?
- Ensure the market exhibits an upward trend.
- Await the “Buy Entry” prompt from the Daily Open indicator.
- Check for a majority of blue bars in the Radar Signal.
- Confirm a positive territory for the StochHistogram.
- Once these criteria align, initiate a long position.
- Set a stop loss slightly below the most recent swing low.
- Aim for the blue horizontal target level for profits.
How to Execute a Sell Trade?
- The market should display a downward trend.
- Look for the “Sell Entry” signal from the Daily Open indicator.
- Ensure the Radar Signal showcases predominantly red bars.
- The StochHistogram should dwell in the negative zone.
- On meeting these conditions, proceed to position a short sell.
- Place a stop loss marginally above the latest swing high.
- Set your sights on the blue horizontal target level for the exit.
Conclusion
The Radar Signal Trading System offers a comprehensive approach to forex trading. With its precise indicators and clear guidelines, it minimizes guesswork and adds an element of predictability, much sought after in the volatile world of forex.
Download Radar Signal Trading System
Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.
Disclaimer: All trading involves risks. It's essential to do your own research and consider seeking advice from a licensed financial advisor before making any trading decisions.