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Elder Impulse System
The Elder Impulse System (EIS) is a technical analysis tool which is a combination of 2 various indicators and it is is a powerful trading system. It may be applied in order to identify the best entry and exit points and also to find an upcoming trend reversal. EIS is a powerful trading system and it may also be used together with other 如何建立和申请交易Elder Impulse System technical analysis tools. The EIS can be used for any asset and any time frame. In this article we will explain how to set up and use the Elder Impulse System in your trading.
How Elder Impulse System (EIS) works?
As it was already said, the Elder Impulse System combines 2 indicators: a 13-day exponential moving average (EMA) and a MACD-Histogram. Both have a function of 如何建立和申请交易Elder Impulse System their own. The EMA is used to spot the trend, while the MACD-Histogram determines the momentum (the 如何建立和申请交易Elder Impulse System 如何建立和申请交易Elder Impulse System rate of the increase or decrease in prices).
Elder Impulse System on IqOption
How to apply 如何建立和申请交易Elder Impulse System EIS in trading?
There are some ways how the EIS can be used in trading. Firstly, you can use the EIS indicator on its own. If a number of green bars appear one 如何建立和申请交易Elder Impulse System by one, it is believed that there is a bullish tendency, but if some red bars bars 如何建立和申请交易Elder Impulse System appear one by one, it is believed that there is a bearish tendency. Traders might decide to open the trade in the appropriate direction.
Yet, you have to remember that the EIS is not able to identify the trend duration. Consequently, it is not possible to determine when the 如何建立和申请交易Elder Impulse System current trend will fade away. Because the trading volume is usually higher during the first phases of strong trends, volume indicators may help.
Trends of different lengths determined by the EIS on 如何建立和申请交易Elder Impulse System iqoption
If you trade, using the EIS on its own, it might be better to wait for an approval. An approval is when 2–3 bars of the same color appear one by one. Although the EIS may be used individually, it is still possible to use it together with technical analysis indicators of various kinds: volume, volatility, etc.
Moreover, you may use the EIS as a secondary tool. For example, if you trade with an Alligator as your main tool, you can still 如何建立和申请交易Elder Impulse System use the Elder Impulse System in order to stay away from false signals. The risk of opening a loss-making trade will be lower if a buy or sell signal, sent by the main indicator, is approved by the same type of signal sent by Elder Impulse System.
Iq Option 如何建立和申请交易Elder Impulse System Positive and negative trends determined by the EIS
According to Alexander Elder, the man who created the 如何建立和申请交易Elder Impulse System EIS indicator, The EIS makes you enter the market carefully but exit quick. This is the professional method of trading. For example, novice traders start trading without thinking a lot and it takes 如何建立和申请交易Elder Impulse System forever for them to get out as they believe and hope that the market will turn their way.
In addition, we should say that EIS just like any other technical analysis tool, is not able to give correct signals all the time. It may and will sometimes send you false signals. It is your responsibility to double check the signals.
How to set up EIS?
It is pretty simple to set up the Elder Simple System and start working with it.
1. Click on the ‘Indicators’ button in the bottom left of the screen when you are in the trade room
2. Go to the ‘Trend’ tab
Select Elder Impulse System Indicator on Iq Option broker
3. Choose 如何建立和申请交易Elder Impulse System the Elder Impulse System from the list of available options, don’t choose the settings and click ‘Apply’.
You can now use the indicator!
You can change the settings how you prefer, but before 如何建立和申请交易Elder Impulse System changing them make sure you got familiar with all of them, because it can have an effect on the performance of the indicator
Now, that you know how to use the EIS in trading, you can go to the trading platform and try it yourself! You can first try it on the demo account and then use it on the real account.
How to Set Up and Trade the Elder’s Impulse System in Olymp Trade.
The Elder’s Impulse System is a trading technique that is anchored on a 13-period Exponential Moving Average (EMA 13) and a Moving Average Convergence and Divergence Histogram (12,6,9 MACD Histogram).
It is a trading technique authored by Alexander Elder, hence the name Elder’s Impulse System.
The reason it is an impulse system is that it 如何建立和申请交易Elder Impulse System is a momentum trading system, which relies heavily on a definite trend direction and high trend strength.
Make more money with the correct forecast of price.Register a DEMO account Create an accountGet 如何建立和申请交易Elder Impulse System $10,000 FREE to DEMO trade ➵
What do you think is the role of each of the indicators of the system?
The EMA helps establish the trend direction while MACD helps determine the trend strength.
If you catch the trend direction and strength, you can make sound trading decisions better than if you don’t.
Celso F. from Brazil became Trader of the week on Quotex platform, he earned $23,414! Congratulations to Celso F. on excellent results and we wish everyone successful trading!
How the Elder’s Impulse System Looks Like.
So how does the Elder’s Impulse System 如何建立和申请交易Elder Impulse System look like?
When EMA 13 and the MACD histogram are both rising, then the price is trending upwards.
On the flip side, when EMA 13 and the MACD histogram are both falling, then the price is trending downwards.
There are also cases where EMA 13 and the MACD histogram are conflicting, and during those times, the market is neither trending up or down.
- DEMO account 如何建立和申请交易Elder Impulse System 如何建立和申请交易Elder Impulse System
- Trade with $1
- Up to 98% RoR
- $10 Min Deposit
On some platforms, you have to apply both the EMA and the MACD and observe them.
However, some other platforms do have an indicator 如何建立和申请交易Elder Impulse System named after the trade set-up. The indicator displays on a window below the main chart.
The Elder’s Impulse Indicator shows green bars when both EMA 13 and MACD histogram are rising and red bars when both EMA 13 and MACD histogram are falling.
When EMA 13 and MACD histogram are in conflict, the indicator shows grey bars.
So how you trade depends on the platform you are using, whether it has the Elder’s Impulse Indicator or not.
- DEMO account
- Trade with $1 如何建立和申请交易Elder Impulse System
- Up to 98% RoR
- $10 Min Deposit
So far none of the Olymp Trade’s platforms has the Elder’s Impulse Indicator in place, so you have to set the system up by applying the two core indicators.
Wondering how to set up and trade the Elder’s Impulse System in Olymp Trade?如何建立和申请交易Elder Impulse System
In today’s post, you will find the answers to all your questions as regards setting up and trading the EIS in
Setting Up and Trading the Elder’s Impulse System in Olymp Trade.
We have already mentioned the two indicators required to run the Elder’s Impulse System.
You most probably know how to set them up and use them to trade, if you have been trading in Olymp Trade for some time now.
If you are totally new to the platform, here 如何建立和申请交易Elder Impulse System are some simple steps to setting up and trading the Elder’s Impulse System in Olymp Trade:
Change the Chart Timeframe.
Are you used to a small trading timeframe?
Alexander Elder, the author of the Elder’s Impulse trading technique, advises that the Impulse system should be used on a higher timeframe.
That is to enhance the trading set-up and remove much of the market noise.
If you are used to a 5-Minute trading timeframe, for example, you should multiply that by 5 to get a 60-Minute chart.
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Change the chart timeframe from your usual 5 minutes to 60 minutes.
If you ask me, 1 Hour is a timeframe high enough for this system to work perfectly.
Set Up the Indicators.
Do you remember the two indicators which are at the core of the Elder’s Impulse System?
They are the 如何建立和申请交易Elder Impulse System 13-period Exponential Moving Average and the default MACD in a histogram form.
But there is something I want you to note before you set up the indicators.
MACD can be used in default parameters but only adjusted into a histogram.
On the 5-Minute chart, the 13-period EMA would have worked 如何建立和申请交易Elder Impulse System perfectly.
But see the kind of chart we are dealing with now – a 1-Hour chart.
Meaning we may need to multiply the EMA period by 5, just as we did on the chart timeframe.
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