Jago Trading Strategy For MT4

Jago Trading Strategy For MT4

The Jago Trading Strategy For MT4 is filled with tons of indicators. This is a trading system that obviously believes in more is better philosophy. There are quite a few indicators in play and if you strictly follow the rules of all the indicators, chances are that you might not get a proper trading signal in a while.

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However, for the sake of this article, we will focus only on the primary set of indicators as a validation for taking long or short positions in the market. The first indicator is the GP clock. This indicator is the countdown timer that you see on the top left corner of your chart. It doesn't add value to the Jago strategy trading for forex. Therefore, traders can choose to remove this indicator to make the template for the Jago strategy trading for forex a bit lighter weight.

We then have the signal bars indicator. The signal bars indicator plots the current price on the top right corner of the chart. It also visually displays the trend in various time frames as well. This indicator is again not that critical to the Jago strategy trading for forex. Therefore, traders can decide whether they want to remove this indicator to make the charts in the Jago strategy trading for forex look a bit more understandable.

We then have the Heiken Ashi indicator. As you know, this indicator plots the candlesticks in the Heiken Ashi form. It is one way of looking at price and understanding the trend. We then have the zig point indicator. This indicator plots the up and down arrows on the price chart. We will come to this a bit later.

We also have the super signals indicator. This is another indicator that plots the up and down arrows. You can remove this indicator as it is redundant. We also have the zigzag take profit and new trend indicator. This indicator is responsible for plotting the zigzag lines on the cart along with the up and down arrows.

This indicator shows the swing high and swing low points on the price chart. The BB stop alert indicator is the one responsible for plotting to the green and yellow lines below and above the price. This indicator can be used to take your profits by trailing the stop loss. It works best when the markets are in a strong trend.

In the sub window of the Jago strategy trading for forex, we have the Stochastics oscillator. This indicator signals the overbought and oversold levels in the price chart. We simply wait for validation between the zigzag indicator the stochastics oscillator which can provide you with the information on when to go long or short in the market.

The second sub window has the Gst signal indicator. This indicator is a bit weird as it supposedly shows the trend strength. However, we can also get rid of this indicator. Finally, in the last sub window, we have the VQ indicator. This indicator shows the short term trends in the market and can also be used to gauge the trend strength.

The Jago strategy trading for forex – Long positions




Take a long position in the Jago strategy trading for forex by looking at the zig zag indicator. We want to see the up arrow being plotted. Following this, look to the Heiken Ashi charts. Here, we need to see the trend being up, so you will see the Heiken Ashi indicator plotting blue candlesticks.

Now look to the stochastics oscillator which should show that price is moving out from the oversold levels. Finally, the VQ indicator should also confirm the above signals by plotting an up arrow and the indicator itself turning to green.

When you have all the indicators lined up, take a long position at market. Use the recent lows in the price and set your stop loss to that level. Using the BB stop indicator, trail your stop loss to these levels. When the trend is strong, you will get stopped out but with a profit.

The Jago strategy trading for forex – Short positions




Take a short position in the Jago strategy trading for forex by looking at the zig zag indicator. We want to see the down arrow being plotted. Following this, look to the Heiken Ashi charts. Here, we need to see the trend being down, so you will see the Heiken Ashi indicator plotting red candlesticks.

Now look to the stochastics oscillator which should show that price is moving out from the overbought levels. Finally, the VQ indicator should also confirm the above signals by plotting a down arrow and the indicator itself turning to red.

When you have all the indicators lined up, take a short position at market. Use the recent highs in the price and set your stop loss to that level. Using the BB stop indicator, trail your stop loss to these levels. When the trend is strong, you will get stopped out but with a profit.

Is the Jago strategy trading for forex good for you?


In conclusion, the Jago strategy trading for forex evokes mixed responses. On one side, the trading system does have the capability of producing good signals. But on the other hand, the trading system on its whole is rather redundant and makes the charts very cluttered. Therefore, it is up to the traders to decide whether they want to continue trading with the Jago strategy trading for forex or not.

As mentioned, you can remove some of the redundant indicators and ones that you don't really need which can help to declutter the charts and make price action a bit more readable. Beginners should spend a lot of time practicing with the Jago strategy trading for forex before taking it live. This is due to the number of indicators involved and the signals that they generate.

The trading template is obviously a bit heavy so we do not recommend using the Jago strategy trading for forex on multiple charts at the same time. The Jago strategy trading for forex is ideally suited for trading the short term charts.

Download the complete system description and the files here:

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