Forex Ghost trading system is based on the envelopes, momentum and strength indicators. The system uses precise signals which are confirmed by the currency pair’s trend and momentum. Find out more about this Forex trading system below or download and test it out yourself.
How to trade with Forex Ghost system
Forex Ghost works best on G10 currency pairs, such as EURUSD, USDJPY, GBPUSD, USDCAD, NZDUSD, and AUDUSD. The system is most suitable for trading in M15, M30, H1, or H4 timeframes.
Market conditions for a long entry: In order to long an instrument, Envelopes should (preferably but not necessarily) be slopping to the upside or flat and price needs to reach one of the lower limits which act as dynamic support levels. A blue dot signal needs to be visible on the chart; Stochastic should be near oversold 20 level crossing from the bottom up; RSI should be indicating oversold market crossing 30 level from the bottom up; Williams% R and Money Flow Index should be oversold.
Market conditions for a short entry: In order to short an instrument, exact opposite conditions should be met.
Closing an entry: An open order could be closed if you see signs of changing direction of the trend. Alternatively opposing signals of any of the indicators could be used. You could also experiment using trailing stop of 15 pips or having a stop loss of 30 – 40 pips at nearby low/high.
Download Forex Ghost trading system
You can download Forex Ghost trading system for free by clicking the “Download” button located at the bottom of the screen.
Create your own custom EA or indicator
If you would like to create your own custom indicator or an EA, please contact AtoZ team saying “I want to create my own EA/indicator,” and describing your desired tool. Also, don’t miss out on various other indicators and EAs you can find in our database here.
How do you install an indicator on MT4?
In order to install this indicator on your MT4, you need to:
1. Click on “Download” button above to download Forex Ghost;
2. Save the file to your computer;
3. Extract and move the files into;
4. Restart your Metatrader platform;
5. Click the “Templates” button in Metatrader toolbar;
6. Select “Forex Ghost system” and apply to your chart;
Note: Forex Ghost was developed by MXProducts and sent by an AtoZ Markets follower from Russia Rimka. AtoZ Markets does not carry any copyrights over this trading tool.