Profitable Forex Trading Systems: Introduction to TS SACS
13 February 10:15 AM
Most professional traders make their trading decisions basing on the readings of various technical indicators. All technical traders (especially those who use Meta Trader 4 or 5) face the problem of choosing good, reliable indicators.
The most popular standard indicators are:
·Moving averages (MAs)
·Stochastic indicators etc
However, there are custom indicators. They are not built in the trading platform. They are developed by private users and can be integrated into the platform like Meta Trader 4 or 5.
SACS: Trading System Based On Custom Indicators
SACS stands for Special Automated Channel System. The system is developed by the experts of Masterforex-V Academy – Best Forex Training Project 2008-2011.
According to Eugene Antipenko, Chief of the Mid-Term Trading Department of Masterforex-V Academy, it is all about becoming a successful professional trader. Financial freedom is motivation. With SACS, it is really possible to trade Forex successfully. But firstly, it is necessary to take into account the following information:
·Put aside all your previous knowledge because SACS is a self-sufficient and profitable trading system.
·When organizing your trading environment, use a permanent set of indicators. No extra tools or other components are added during the process of learning and mastering the system. The only criteria that let students change their working environment are successful graduation and earning stable profit on а demo account.
·Single-broker rule applies. Various brokers can give different quotes. In order to avoid misunderstanding or misinterpretation, all the students must open a demo trading account with the same broker.
The trading system is based on several custom indicators:
3. Volatility Indicator. ATEI.SAKS.Channel:
According to the developers, the hardest and most crucial thing about SACS is to learn how to analyze charts with different timeframes and to combine the information into a single picture for making correct trading decision. If you master these technique, you have passed 70% of your way to success!
In order to simplify the process, they use profiles in Meta Trader. A profile is some kind of a trading environment consisting of several charts with different timeframes and attached indicators and charting tools.
The working environment of SACS consists of 4 parts:
·Major trend. Monthly chart.
·Strategy. Daily chart.
·Tactics. Н1 chart.
·Decision making. М15 chart.
The introduction is over. In order to make a profile we will need the following tools:
Therefore, by utilizing the products developed by the Mid-Term Trading Department of Masterforex-V Academy, it is possible to become a professional who trades Forex successfully.
The next articles of the SACS series will be devoted to each of the indicators the SACS trading system is based on.
Market Leader and Masterforex-V Academy would appreciate if you could participate in a survey. Please, visit the Academy’s forum for traders and investors and answer the following question:
To your mind, what technical indicators are the most profitable?
Monday has been relatively calm so far, without strong directional moves seen in the market of EURUSD. At this point, the currency pair is consolidating within the scope of the 1.3118 - 1.3145 price range.
Today's European trading session has been relatively calm, without strong directional moves. At this point, the currency pair seems to be making a bullish reaction to the previous bearish move that resulted in setting a new low of the year at 1.3318.
It is known that beginners usually have luck, and Forex is no exception in this reference. Besides, here luck starts literally once one has made a decision to become a trader, for today, in order to learn how to work at Forex and actually start doing this, one does not need to graduate from specialized educational establishments. You can get the knowledge on your own –internet provides a lot of high-quality educational materials, books, and forums, where you can communicate with like-minded people.
Yesterday, the common European currency was under pressure exerted by the sellers.
EURUSD started going down since the local high of 1.3218. By the endo of the trading day, the price reached 1.3159. his is still the local low.
Yesterday, we saw positive stats coming from the USA. They concerned the local labor and housing market. In particular, the amount of initial jobless claims shrank from 299 000 down to 298 000 last week, which is definitely a positive sing for those who purchase the US Dollar.
At the same time, the amount of incomplete sales in the local housing market increased up to 3.3% in August. The sales increase took place from 102.5 points up to 105.9 points.
Today, on August 29th, Japan delivered a news block of 4 economic reports during today's Asian trading session. The news block indicates that the economic recovery seen after the recent sales tax increase is unstable and inconsistent. Most likely, the recovery period is going to be longer than expected by the Bank of Japan.
Forex Trend’s PAMM Accounts Keeps On Generating Stellar Profits !!!
If you are really intended to make a successful career and to back your bright financial future, investing in safe-have assets with decent yields is a way out. To tell you the truth, it is not as difficult as one might think at first. Still, it is only possible provided that you are really willing to devote enough time, money and effort to it. Practice shows that anything is really possible for ambitious and hardworking people doing their best to make their dreams come true.
The strong downward pressure exerted by the sellers of EURUSD weakened a little bit suring yesterday's trading hours. After hitting a local low at 1.3152, the common European currency started regaining some of the lost ground against the US Dollar. The bullish recovery took almost the entire trading day amid a lack of major economic news from the Eurozone and the USA.
The sellers' pressure exerted on the common European currency is still underway. Since the nightly low of 1,3152, the currency pair recovered during the entire European trading session of August 27th but the started going down again. The price level of 1.3188 is still the intraday high.