In this article, we want to provide you with a complete and detailed Andrews fork training so that you can trade in financial markets, including the stock market and Forex, with one of the most powerful methods that has stood the test of time.
With the help of several friends and fellow university students, Dr. Allen Andrews established a method based on Newton’s laws of action and reaction, which turned out to be an extremely interesting trading system. So stay tuned for more.
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How to draw Andrews fork
To get acquainted with the Andrews fork trading system, you need to know that to draw a fork, we need 3 price points (points where the price has made a major turn in its trend.). These three pivots, which are called A-B-C, respectively, must be (ceiling-floor-ceiling) or (floor-ceiling-floor). In the image below, you can see an example of both mentioned models.
To draw Andrews’ fork on the chart, we must first find the pivots. To do this, we need to look at the phases and phases of the AO indicator and use it to identify major pivots. (Tip: In some places, very small changes can not be considered a major step and ignore it, which requires experience in drawing, and by doing it several times, you will become proficient enough.)
We hope we have been able to achieve the goal with the form. In each positive phase, what negatives do we follow and reveal. We need these points to scare Andrews fork. In fact, the main task in drawing Andrews’ fork is to find these drawing points. So now that we understand how to identify pivots, let’s get to the heart of the matter! By paying attention to the mentioned items, we can easily draw a fork like the following example.
Andrews Fork Rules
Surely what you are looking for is a Andrews fork deal, so let’s review its rules:
- Rule 1: Price most of the time touches the midline. (More than 80% of the time)
- Rule 2: After reaching the midline, the price often loses its energy and forms a pivot.
- Rule 3: The price sometimes tends to touch the midline more than once. (In other words, it fluctuates around the midline of Andrews’ fork.)
- Rule 4: If the price can not touch the midline (20% of the time) then it tends to create a larger wave in the opposite direction of the fork. (Hagopian Law)
Andrews Fork Trading Strategy
Like any other trading tool, just knowing the logic and being able to show it on the chart will not guarantee your success in trading and you will have to learn to trade with it. In the same way, we will teach you the trading strategy with Andrews Fork so that you can use this extremely attractive trading tool as standard.
The first strategy
The price reaches the midline and touches it, and we see a Kendall return pattern such as pin bar, engulfing, and.. If we have an oscillator such as a stochastic (settings 5-13-3 is recommended) or an RSI indicator, they will enter the saturation zone and a return signal will be issued.
The second strategy
The price moves to the parallel line after touching the midline and breaks it. (When the closing price of a candle is outside a line, it means that line is broken.)
In this signal, watch out for the trigger line and withdraw some of your profits from the trigger line. The target of the transaction in this case is point C, but we usually see the reaction of the trigger line.
In this article, we tried to teach Andrews fork trading strategy in simple language so that both novices and professional traders can benefit from it to the same extent. If you have any questions or ambiguities, you can contact us.
Labels: Order to build a Forex robot , Build a stock trading robot , Build a trading robot , Trader robot design , Free Forex Robot , Forex robot programming , Forex Expert Making Tutorial , Build a trading robot with Python , Download Forex Trading Robot , Buy Forex Trader Robot , Automated Forex Robot , Free stock trading robot , Learn how to build a Forex trading robot , Alpari trading robot , Forex robot for Android , MetaTrader robot design , MetaTrader robot programming , Forex robot design , Forex robot programming , Automated trading
