Eagle Forex System 2.0 is a classic Forex trading system that consists of two indicators: a signal indicator (FX Eagle Signal Indicator) and a fiter (FX Eagle Dashboard). The system is not repainted and has good performance indicators according to the developers.
Characteristics of the FX Eagle Forex System:
- Currency pairs: Any Currency Pairs, Commodities, Stock, Indices
- Trading Time: Around the clock
FX Eagle Dashboard:
FX Eagle Dashboard is a kind of advanced trend analyzer that measures the strongest trend on multiple timeframes using a secret formula. It shows rectangles with the name of the currency pair.
As a result, the dashboard shows all pairs in different colors, indicating the strongest trend.
The color of the rectangles means the following:
Blue – only buy trades (ignore sell trades)
Red – only sell trades (ignore buy trades)
Grey (Neutral) – no trade
By the way, you can switch between charts by simply double-clicking inside the rectangle with the desired currency pair. As a result the chart will load instantly. It is very comfortable.
In addition, you can change/add/remove trading assets via the indicator’s inputs tab. Here you can change the colors of the rectangles, font size and enable/disable alerts (enabled by default):
FX Eagle Signal Indicator and Trading Rules
BUY signal – FX Eagle Dashboard is colored BLUE and the FX Eagle Signal Arrow is colored BLUE as well. Place a Stop Loss below the most recent low.
SELL signal – FX Eagle Dashboard is colored RED and the FX Eagle Signal Arrow is colored RED as well. Place a Stop Loss above the most recent high.
Below you will find so typical take proit targets for the different timeframes:
Exit the trade (3 options):
- Go for at least 2:1 reward to risk ratio or exit the trade near the previous swing low/high level (support).
- When an opposite signal appears
- Fixed profit target. It’s simple and you don’t need to calculate anything
Below you will find so typical take profit targets for the different timeframes:
25 -40 pips
As always, you need to follow the basic money management and do not risk whiter than 2% of your deposit in a separate transaction. Do not trade during the release of important economic news (see the economic calendar) and be sure to test on a demo account.