Viper Forex Trading System
The viper is a forex trading system that is based on the awesome indicator with other supporting indicators to confirm. This method is useful in a 1-hour or higher timeframe and works are any currency pairs.
MT4 Indicators:
- Awesome,
- Accelerator,
- I-reg,
- StopSar
- Stochastic (55,10,5),
- Stochastic (22, 10,5).
Long Entry:
- Trades must be in the direction of the medium and slow stochastic.
- The price must go outside the lower band and the i-reg channel.
Short Entry:
- Trades must be in the direction of the medium and slow stochastic.
- The price must go outside the higher band and the i-reg channel.
The stop loss must be on the previous swing or 10-15 pips below lower band or above upper band.
Profit Target ratio 1:2 or on the middle band.
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