Buzzer Forex Trading Strategy

Starting off a trading career can be cumbersome for many, but this process can get simplified if the right trading strategy is in use.

The Buzzer Forex Trading Strategy is a rare one, which has been proven to deliver accurate win results when tested on both demo and live market conditions.

Plug in the accompanying free forex technical indicators, watch out for the desired setup and start trading this great strategy.

Chart Setup

MetaTrader4 Indicators: CCI-Histogram.ex4 (default setting), buzzer.ex4 (default setting), BillWilliams_ATZ_BO.ex4 (default setting)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day

Recommended Trading Sessions: Any

Currency Pairs: Any pair

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Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy entry if the following indicator or chart pattern gets displayed:

  1. If the blue upward pointing arrow of the BillWilliams_ATZ_BO.ex4 custom indicator gets aligned somewhat below price bars as shown on Fig. 1.0, it is a trigger to buy the currency pair of focus.
  2. If the line of the buzzer custom indicator turns lime as depicted on Fig. 1.0, it is a trigger to buy the stipulated currency pair.
  3. If the maroon line, coupled with dark gray and royal blue histograms of the CCI-Histogram custom indicator break above the 0.00 level, it is a signal to buy the asset of choice.

Stop Loss for Buy Entry: Place stop loss 3 pips below support or below the green rising line.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions takes precedence:

  1. If the BillWilliams_ATZ_BO.ex4 custom indicator display a red downward pointing arrow that is positioned somewhat above the candlesticks when a buy signal is ongoing, an exit or take profit should be considered.
  2. If the line of the buzzer custom indicator turns red, it is a trigger to exit or take profit at once.
  3. If the maroon line of the CCI-Histogram custom indicator finds its way below the 0.00 level, it is a clear exit or take profit trigger.

Sell Entry Rules

Enter a sell order if the following holds true:

  1. If the red downward pointing arrow of the BillWilliams_ATZ_BO.ex4 custom indicator gets aligned somewhat above price bars as seen on Fig. 1.1, it is a trigger to sell the currency pair of interest.
  2. If the line of the buzzer custom indicator turns red as illustrated on Fig. 1.1, it is a trigger to sell the designated forex pair.
  3. If the maroon line, coupled with dark gray and red histograms of the CCI-Histogram custom indicator break below the 0.00 level, it is a signal to sell the asset of interest.

Stop Loss for Sell Entry: Place stop loss 3 pips above resistance or above the red declining line.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes center stage:

  1. If the BillWilliams_ATZ_BO.ex4 custom indicator display a blue upward pointing arrow that is positioned somewhere below the candlesticks when a sell signal is running, an exit or take profit should be reflected upon.
  2. If the line of the buzzer custom indicator turns blue, it is a trigger to exit or take profit forthwith.
  3. If the maroon line of the CCI-Histogram custom indicator finds its way above the 0.00 level, it is a clear exit or take profit signal.

Sell Trade Example

Fig. 1.1

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About The Trading Indicators

The CCI-Histogram.ex4 is one of the variant of the Commodity Channel Index (CCI) that gauges the current price level in relation to a mean price level over a specified time period.

The buzzer indicator is a trend following technical study that defines bullish (lime) and bearish (red) market sentiments based on modified moving averages.

The BillWilliams_ATZ_BO.ex4 custom indicator generates buy and sell forex signals based on the short-term trend.