The “Wave Hunter” is a trading system designed for Forex market. The system is based on several technical analysis methods and strategies that were tested for years and proven to be the most effective.
You can use this system with all pairs and all time frames, but we highly recommend that you use it with major pairs and 5 Minutes or higher time frames.
What we are going to do is that we are going to use the system’s indicators to identify the direction of the trend, or trend reversals, and then we’re going to follow that direction.
1 – Heikin AshiGreen bar = Up trend, Buy Signal. Red Bar = Down trend, Sell Signal.
2 – Moving Averages ( Arrows )
When we see a red arrow = sell signal Green arrow = buy signal
3 – MACD Histogram
There are TWO kinds of signals that we should know. One is the trend following signal and the second is the trend reversal signal.
Trend Following Signal :
Up Trend = MACD bars at or above 20 level and MACD line is above 0 line. Down Trend = MACD bars at or below -20 level and MACD line is below 0 line.
Trend Reversal Signal:
Trend reversal signal is based on MACD divergence. Divergence simply means that price and MACD are going in opposite directions.
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