It is advisable to only trade this system if you already have experience with the MT4 platform. Because of its complexity, AtoZForex received many requests asking to explain in-depth how to trade with Genesis Matrix Trading System. The Genesis strategy is comprised of seven indicators: How to trade with Genesis Matrix Trading System click to zoom in. Genesis Matrix Trading System works on M15, M5 and even 1 minute timeframes, and could be used on any currency pair including gold and oil.
The system also works best in trending markets rather than ranging ones. In addition, M5 arrow can be used as a confirmation within the next couple of candles after a trade is open. If the arrow forms later, the trade must be monitored more closely for a possible early close. The three entry steps are the same as in standard rules.
But we use M15 arrow as a filter of short term market trend and enter only in the direction of it. This way we increase profitability of Genesis Matrix Trading System. First, should a trade go against you, you always need to have a stop loss in place.
It could be set on a recent swing high or swing low plus the spread. Nonetheless, if you see the trend turning, it might be a good idea to exit the position at that point.
When the price moves in a direction of the trend we can use support and resistance areas for take profit. Most often these will be either a prior range high or low, a round number like 1. Should the price correct from the major level or brake though it, with strong market trend the position could be re-entered in the direction of it to maximise the profit.
This idea is to take quick profits after market impulse. Following an entry based on entry advice and rules, we would exit a long trade at a first bearish candle which would close below EMA5 and the low of the previous 1 or 2 bars. Vice-versa for short exit. The idea using swing exit is to ride the price swing as much as possible.
Conceptually, we would enter according to the signal from M15, but following the price action on M5. At the end of the European session market volatility usually plunges. Therefore, it is advised to take profit whatever the price action. Therefore, if a perfect setup occurs in the opposite direction based on Entry 1 conditions, consider closing all your positions or wait according to your plan.
This case tends to happen before or immediately after important fundamental news or major levels. Trader experience is vital and can make the difference. These are the possible uses of the Genesis Matrix Trading System , which you can download by clicking on the blue hyperlink.
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