Forex Great Trader “Red-Blue Market Trend” Trading System – Blue is the increasing market and red is the decreasing market. The trading System also will show the unpredictable market and it slow and weak (sideways).
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
- Time Frame: M30 or higher
- Currency Pairs: GBPUSD, EURUSD, USDJPY, GBPJPY, and USDCAD
MetaTrader Trading Indicators
- Great Trader TLSM
- Great Trader NLD
- Great Trader MACD Color
- Great Trader PW
- Relative Strength Index
How to install “RED-BLUE Market Trend System“
- Download “TraderVersity.Com-RedBlueMarketTrendSystem” (Zip/RAR File).
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
- Copy the “TraderVersity.Com-RedBlueMarketTrendSystem.tpl” file (template) to your Metatrader Directory …/templates /
- Start or restart your Meta Trader Client.
- Select Chart and Time frame where you want to test your Forex system.
- Right-click on your trading chart and hover on “Template”.
- Move right to select “TraderVersity.Com-RedBlueMarketTrendSystem” trading system and strategy
- You will see “RED-BLUE Market Trend System” is available on your Chart
BUY Rules
- Great Trader TLSM: Blue lines
- Great Trader NLD: Red dots
- Great Trader MACD Color: Blue histogram
- Great Trader PW: Red histogram and above the level 0
- Relative Strength Index line: Above the level 60
SELL Rules
- Great Trader TLSM: Red lines
- Great Trader NLD: Red dots
- Great Trader MACD Color: Red histogram and below the level 0
- Great Trader PW: Red histogram
- Relative Strength Index line: Below the level 40
Trading NOTES
- Dot Indicator (GreatTrader_NLD)
- The indicator will be in a blue and red dot form
- The function is to show the market trend
- blue dot signal will show the increasing market trend (Bull Market)
- red dot signal will show the decreasing market trend (Bear Market).
- Double Line Indicator (GreatTrader_TLSM)
- The indicator in a double line form which is in red and blue color.
- The function is to show the market trend
- Double line with blue in color will show the increasing market
- Double line with blue in color will show the increasing market (Bull Market)
- Double line with red in color will show the decreasing market (Bear Market)
- Put the initial stop loss above or below the previous swing
- Best Risk reward Ratio 1:2 or 1:3
- Use a demo account or a small live account first to practice this trading system