AIMS Entry alert is one of the best forex entry alerts that you’ll find. If you’d like to master forex entry and exit then you’ve found a very good indicator to achieve that goal.
AIMS Entry Alert is a robust method of How to Time Perfect Forex Trade Entries . In this lesson we will also look at How to Exit and Bank Forex Trading Profits before the market turns around?
AIMS The Setup Strategy takes advantage of a forex market price pattern that can be identified using The 3 AIMS indicators. The 3 Indicators in conjunction paint a picture that we call The Setup 1 or The Setup 2 Forex Price Pattern.
The Setup Pattern gives you THE EDGE in the Market. This Entry Alert compliments The Setup Pattern and allows the trader to be ready before the market breaks out.
This indicator creates visual and audible alerts that are displayed on your chart. Each Alert is printed on the screen as a dot. The dots have different colours and each colour indicates a separate set of information.
Learn how to make perfectly time entries and exits into the Forex market.
In this article and the video we shall cover the following:
1. What is AIMS Entry Alert V5.1?
2. What are the benefits of using Coloured Dots?
3. How to Make Early Entries into the Market and Increase Profits?
Bonus: How to Trade Forex on the Hourly Charts using AIMS Entry Alert V5.1
I will give you my process of how I find perfect entries into the forex market using the hourly charts. So watch till the end.
This forex entry alert generates signals and prints them on the chart in the form of Dot.
The Dots are our mechanism to spot entry or exit setups. The indicator alerts us that a Setup might be forming. Keep in mind, the dots alert us to a “possible” entry setup. We don’t take every dot as a 100% confirmed entry shout out.
On-screen Visual Alerts: The AIMS Entry Alert Indicator is designed to alert you on screen when there is a signal. The Dots are roughly timed with a close above or below the Green Line. The Dots alert us that price has either come back to the Alligator or ready to go away from it.
The AIMS Entry Alert Indicator generates 5 coloured dots on the chart. The meanings of each dot is as follows.
A Blue Dot is printed below the candle when the price closes above the Green Line.
The blue dot is a signal alert for a possible long setup 1.
Check the Flowchart to decide whether to take or leave the signal.
A Green dot is printed below the candle when the price closes above the Alligator Green Line and it’s high has broken the most recent AIMS Box Level High (Fractal High)
The green dot is a signal alert for a possible long setup 2.
Check the Flowchart to decide whether to take or leave the signal.
A Red Dot is printed above the high of a candle when the price closes below the Green Line.
The Red dot is a signal alert for a possible Short Setup 1.
Check the Flowchart to decide whether to take or leave the signal.
A Red Dot is printed above the high of a candle when the price closes below the Green Line and the Low of the Signal candle is lower than the most recent AIMS Box Level Low. (Fractal Low)
What does a Pink Dot tell you?
The pink dot is a signal of a possible Short Setup 2
Action to Take: Check the Flowchart to decide whether to take or leave the signal.
A Black Dot (or Diamond) is printed above the high of a candle when the price closes below the Green Line and the direction of the dot alert is against the direction of the Alligator and the Purple Line.
What does a Black Dot tell you?
1. The black dot is telling you that if you’re in a trade, it would be time to exit this trade.
2. The black dot can also be used for cancelling a pending buy or sell order.
