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How to use Bourstrak android application for trading in financial marketing

How To Use Bourstrak

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  • How To Use Bourstrak

The Bourstrak alerts are designed for intraday trader involved in day trading. We use technical indicators running on live market data. We do not filter the signals coming in from our tracking systems. It’s possible then to receive bullish signals in bearish market conditions and bearish signals in bullish market conditions.

Our script runs on live data on various assets (list at the end of this article) and users can subscribe to the asset of their choice. Then on every alert for each asset the user will get the notification that they can check on the “Notification” screen in the application.

Bourstrak is a FREE application available on the play store. There are, however, in-app advertisements. Users get notifications credit on signup, referral to friends, and by watching the in-app reward ads. These notification credits are debited upon each notification viewed by the user.

To best use these alerts, we recommend the following best practices 

 

  1. Complement these signals with other forms of technical analysis. (e.g. basic chart patterns, Fibonacci levels, pivot points, etc.)
  2. Use medium-term moving average ( 60min, 120 min, or a longer MA) to make a better sense of the market. Any bullish alert when the prices are above the medium-term MA or bearish alert when prices are below the MA is more credible then vice versa.
  3. There are no invalidation levels communicated with alerts. However, since we don’t filter out the signals any bullish alerts after a bearish alert and vice versa could and should be treated as an exit call (if the user so decides to initiate a position)

Below are the chart timeframes and monitoring timings used for various assets. Alerts for each asset only available during the timings mentioned below

 

Asset Monitoring timings Timeframe
EURUSD 02:00 to 19:00 GMT 5 min charts
JPYUSD 02:00 to 19:00 GMT 5 min charts
GBPUSD 02:00 to 19:00 GMT 5 min charts
NIFTY50 02:00 to 10:00 GMT 1 min charts
CHINAA50 02:00 to 08:00 GMT 5 min charts
HKG33 02:00 to 08:00 GMT 5 min charts
DJIA 07:00 to 19:00 GMT 5 min charts
NASDAQ100 07:00 to 19:00 GMT 5 min charts
FTSE100 06:00 to 18:00 GMT 5 min charts
DAX30 06:00 to 18:00 GMT 5 min charts
CAC40 06:00 to 18:00 GMT 5 min charts
NIKKEI 01:00 to 06:00 GMT 5 min charts
GOLD Round the clock 15 min charts

Bourstrak: Application Introduction

How to trade Forex market with Bourstrak

https://www.youtube.com/watch?v=pIryiwLkvxw

How to trade Global Stock Indices with Bourstrak

https://www.youtube.com/watch?v=2AX65p50OgI