Trading System Worth Looking At: TUX Trading System

in #leofinance3 years ago

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I've been trading for about 8 years now. I started out trading forex for an oil multinational mostly in the Asian currencies.

While working as a trader gave me some education into the world of trading, the reality of trading for yourself versus a job couldn't be more different. Mostly in terms of the news flow and visibility into the order flow.

My personality and trading style suits reversals as opposed to trend-following. I believe everyone's different and you find the one that works better for you. Some of my colleagues could never buy on weakness and sell on strength while I'm the opposite.

If you're a reversal trader, i highly recommend that you check out this system on ForexFactory: https://www.forexfactory.com/thread/1013262-tux-trading-system-tts

The signal isn't so much about the arrows, but rather when the blue and red lines in the panel below reach the pink and blue zones. When they do reach those zones, it means that the price has extended and showing signs of weakness. Prime targets for a reversal.

The thread has died down unfortunately after someone posted the system on a third-party site. A shame, really, because i feel that this is one of the more complete systems out there with a good success rate.

Anyway, all indicators are for MT4 and are free.

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can you please add more detail about the system. I am still in a long term learning for trading.

The indicator that you follow is the blue and red line. One is a RSI signal and the other is a component of the TDI indicator, iirc.

When they get into the overbought and oversold zones, which are the dark pink and dark blue zones, that indicates that the trend is likely to reverse.

You only get one or two signals per month for each currency pair but they tend to be good, based on what i've seen. I don't think this would work for crypto trading, though.