Blue blade forex. This strategy is hinged on the Blade oscillator. The Blade oscillator has a blade line (white dotted horizontal line in the indicator window), and has an oscillator line which turns red when the market is bearish and blue when the market is bullish. There is also a short-term linear-weighted moving average.

Blue blade forex

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Blue blade forex. Our latest Forex Trading System Review - Blue Blade Trader - 60second-binaryoption.com /blue-blade-trader- Trading Systems/Signal Services Reviews Online Trading Community Systemsfortraders. Website: Blue Blade Trader Website Publisher: Chris Hardcastle via Fortis Publications Cost: £ with.

Blue blade forex


The strategy to be discussed today is a method of trading the pivot point levels with a customized indicator known as the Blade Oscillator. The Blade Oscillator can be downloaded by clicking here. There is also a template file which can be added to the template folder. The strategy is based on price action momentum. Price action has the capacity to either stall at a pivot point, or to break beyond that pivot point and aim for the next one.

The blade oscillator helps us identify the points when price action has a momentum to either push for a break of a pivot, or to reverse and push in the opposite direction. Restart the MT4 platform and you are good to go.

This strategy is hinged on the Blade oscillator. The Blade oscillator has a blade line white dotted horizontal line in the indicator window , and has an oscillator line which turns red when the market is bearish and blue when the market is bullish.

There is also a short-term linear-weighted moving average 3LWMA and the pivot points. You will be looking for an opportunity to trade based on the colour change of the Blade oscillator and the position of price to the pivot points as well as the moving average. The trades are therefore setup as follows:. In this snapshot which is a one hour chart for the GBPUSD, we see the oscillator line crossing the blade line white dotted line at zero point.

Something also happens here. The candle closes at the S1 level, just above the yellow moving average line. This gives a bullish bias to the trade. The next step is therefore to open a long trade at the opening price of the next candle. We can see how price action took right off from there.

The stop loss is set at a few pips below the pivot point from where the trade is taken. In this example, this is the S1 level. One parameter is to close the trade manually when the Blade oscillator line starts to turn back towards zero.

At other times, the appearance of a candlestick which will serve as another reversal signal can be used as the closing signal. The short trade setup occurs when we have the oscillator line going below zero and changing colour to red. At the same time, we look for when price closes at or just below a pivot point, and just below the moving average line.

This is a bearish signal and the trader can then go short at the open of the next candle. In this snapshot which is a one hour chart for the GBPUSD, we see the price action closing just below the S1 pivot point, and just below the moving average at the same time that the Blade oscillator is red in colour and below the zero line. This is a bearish bias and the trader is expected to open a short trade at the opening price of the next candle.

The stop loss is set to just above the pivot point from which the trade is set, which in this case is the S1 pivot. One parameter is to allow the oscillator to head back up to the zero point from where the trade can be closed manually. A reversal candlestick can also serve as the Take Profit point. Whatever parameter is used, the take profit should be at least two or three times the stop loss level. The strategy works very well when all the rules are followed.

Traders should try to ensure that the strategy is practiced on demo before being applied to a live account. Mail will not be published required.

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