Viper Forex Trading System

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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:

  1. Trades must be in the direction of the medium and slow stochastic.
  2. The price must go outside the lower band and the i-reg channel.

Short Entry:

  1. Trades must be in the direction of the medium and slow stochastic.
  2. 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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