Forex i007

Forex Signal Service

We offer FX trading signals from our i007 trading system. To learn more, please click here.

What is Forex i007?

7 intelligent strategies working together to produce long term stability –

Scalp –

– A precise entry that normally aims for 4-15 pips. Trade duration is a short intra-day position normally lasting minutes to an hour. Strategy is based on a complex algorithm which uses Stochastic Oscillators , price pattern matching, and current momentum/volatility to enter and exit when conditions are met. There are three separate algorithms performing scalping trades. Magic – stoch_LC, stoch_L, stoch_N.

Swing –

– Algorithm identifies support and resistance levels by focusing on historic highs and lows. Strategy enters a position within these boundaries and then attempts to swing trade if momentum and price action patterns persist. Reward can be potentially higher than a scalp and trade duration depends on time of entry, market sentiment, and momentum. Swing trades can be monitored with the Magic – rsi

Counter Trend –

Algorithm identifies support and resistance levels by finding and filtering specific candle stick patterns. Algorithm also detects slowing of momentum by volume analysis and average true range. Strategy enters a position when conditions are met and exits at the first sign of resistance or if volatility is beyond a certain threshold. Counter trend trades can be filtered by specifying the Magic – cci

News –

Currently news trading is performed with our iDRAW semi-automated trend line trading system. We trade the initial break out with pending orders, and use market orders for volatile retracements. Since we use pending orders for the initial news release and market order after the release, slippage and spreads can be reduced. Not a primary strategy, Magic released soon.

Breakout –

Algorithm identifies a period of consolidation and then takes a trade in the direction of the momentum burst. Open trades will exit when take profit is reached or when momentum fades. Breakout trades can be filtered by specifying the Magic – rvi.

Range –

Algorithm identifies a period of consolidation and then takes a trade at the lows and highs within the consolidated range. This strategy has the smallest stoploss within the portfolio. Currently, the worst trade is 28 pips and the average loss is 13 pips. Ranging strategy trades can be filtered by specifying the Magic – bluebull.

Trend –

An advanced algorithm identifies periods of consolidation, volatility, and volume spread analysis to determine retractions after momentum. Trades are entered once conditions are met and exits once these systematic conditions are reached again. Trend strategy can be filtered by specifying the Magic - ma, f_1

Individual Strategies provide statistical analysis for future development

You can filter individual performance by using the CUSTOM ANALYSIS feature on the Myfxbook third party verification website by clicking Custom Analysis and then use the MAGIC tab to check and then view each individual system’s performance.