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Easy & High Accuracy Forex Momentum TrendSignal System [7698]


Easy & High Accuracy Forex Momentum TrendSignal System with “BBand Stop Support Resistance BreakOut” filter. Making money through Forex trading is not as hard and complicated as what novice traders think.

The Momentum indicator is classified as an “oscillator” since the resulting curve fluctuates between values about a “100” centerline, which may or may not, is drawn on the indicator chart.

Trading NOTES

DOWNLOAD INDICATOR

100 Level Cross – When the price crosses above or below the 100 level (or zero line if the indicator is based on the first calculation) it can represent a BUY or SELL signal respectively.

  • If the price crosses above the 100 level, it indicates the price is starting to move higher since the price has moved above the price “n” periods ago.
  • When the price drop below the 100 level, it shows the price is dropping since it has moved below the price “n” periods ago.

On the small periods and during unstable volatility its signals, in general, cannot be trusted as its line is redrawn and the previous signals are canceled.

This pulse indicator is the excellent sensor of the market force, but it is necessary to use it carefully.

In spite of the fact that there is only one parameter, it is recommended to select it carefully for the current volatility of an asset and it is obligatory to test it on historical quotations in Momentum Forex trading.

  • Time Frame: M30 or higher
  • Currency Pairs: Any
MetaTrader Trading Indicators
  • MinSignal
  • BB Stops
  • Momentum
  • Trend Signal
How to install “Easy & High Accuracy Forex Momentum TrendSignal System


  • Download “TraderVersity,Com-MomentumTrendSignalSystem” (Zip/RAR File).
  • Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
  • Copy the “TraderVersity,Com-MomentumTrendSignalSystem.tpl” file (template) to your Metatrader Directory …/templates /
  • Start or restart your Metatrader Client.
  • Select Chart and Timeframe where you want to test your forex system.
  • Right-click on your trading chart and hover on “Template”.
  • Move right to select “TraderVersity,Com-MomentumTrendSignalSystem” trading  system and strategy
  • You will see “Easy & High Accuracy Forex Momentum TrendSignal System” is available on your Chart

 

BUY Rules

  • Momentum: Upward and Above level 100.1
  • BB Stops: Lime line
  • Trend Signal: “Blue Dot” signal

 

SELL Rules

  • Momentum: Upward and Above level 100.1
  • BB Stops: Lime line
  • Trend Signal: “Blue Dot” signal

 

Trading NOTES

We can use the Momentum and TrendSignal indicator in conjunction with price action signals (ex. Pin Bar and Engulfing ).


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