Description

Kumaresan System Indicator: A Scalping Strategy

The Kumaresan System Indicator is a scalping strategy designed for the forex market. It focuses on short-term trades and aims to capture quick price movements. Below, I’ll outline the key details of this system:

Minimum Deposit:

• There is no specific minimum deposit requirement for using the Kumaresan System Indicator. However, it’s advisable to start with a reasonable amount that allows you to manage risk effectively.

Time Frame:

• The Kumaresan System operates on a 5-minute time frame. This means that traders should analyze price data within 5-minute intervals to identify potential entry and exit points.

Currency Pairs:

• The system works well with the following currency pairs:
  • AUD/USD
  • EUR/USD
  • GBP/USD
  • GBP/JPY

 

 

Strategy Overview:

1. Bollinger Bands: The primary focus of the Kumaresan System is the Bollinger Bands indicator. Traders should pay attention to price oscillations within the Bollinger Bands.
2. RSI (Relative Strength Index): The RSI helps gauge the strength of a trend. Look for converging RSI signals to confirm potential trade setups.
3. Entry Signals:
   • Long Position (Buy):
     • Price should be in the bottom half of the Bollinger Bands on the 4-hour, 1-hour, 30-minute, and 15-minute charts.
     • RSI should be converging from the bottom and have crossed in the 5-minute chart.
     • Look for the “3” symbol on the chart.
     • Enter a BUY position in the next candle.
   • Short Position (Sell):
     • Price should be in the top half of the Bollinger Bands on the specified time frames.
     • RSI should be converging from the top in the 15-minute chart and have crossed in the 5-minute chart.
     • Look for the “3” symbol on the chart.
     • Enter a SELL position in the next candle.

How to Get Started

1. Download and Installation:
   • Download Kumaresan System Indicator from the provided link. https://yoforex.org/product/kumaresan-system-indicator/
   • Visit our website https://www.yoforex.org/ for additional resources and insights.Contact:  @yoforexpremium

 

😎💫Happy Trading💫😎