Winning Pips System is a simple and quite convenient strategy for performing transactions with instruments of the Forex market. However, in order to use it successfully, it is necessary to carefully study the technique of generating signals for transactions and acquire the skills to use it.
The advantages of the strategy we are considering are as follows:
• As already noted, the strategy is extremely simple and very convenient to use, so it can be suitable even for novice traders.
• In order to use Winning Pips System does not require a significant amount of time, you can use its signals to work on hourly and four-hour charts, and monitor only a few times a day.
• The strategy can be used on almost any currency pair, but it is best to practice its application on the most liquid instruments, that is, such as EUR / USD, GBP / JPY and GBP / USD.
The principles on which the strategy is built are as follows:
• The strategy is trending, that is, it works best on significant market fluctuations.
• Trend reversal points are identified in a timely manner.
• If you can identify trending movements, then this will contribute to more successful profit making.
The Winning Pips System strategy uses the following types of technical indicators:
• Parabolic SAR. This indicator is used to calculate the trend reversal points.
• Awesome Oscillator helps to determine the presence of potential movement in the market.
• Accelerator Oscillator helps to calculate changes in price movements.
To receive signals, the following conditions must be met when opening a long position:
1. The last price value must be higher than the values of the Parabolic SAR indicator
2. Awesome Oscillator should be green.
3. The last reading of the Accelerator Oscillator indicator should be green.
When opening a short position, the following conditions must be met:
1. The last price value must be below the values of the Parabolic SAR indicator
2. Awesome Oscillator should be red.
3. The last reading of the Accelerator Oscillator indicator should be red.