The “Forex Market Trend Power and Direction System” is a breakout trend following strategy based on high accuracy filter indicators.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
- Time Frame: 15 min or higher
- Currency Pairs: EURUSD, GBPUSD, and all Major Pairs
MetaTrader Trading Indicators
- 15 EMA, (shift 5)
- 100 EMA, (high, shift 5)
- 100 EMA, (low, shift 5)
- 20 EMA, (level +100 -100 close , shift 5)
- Trend direction
- Trend power
- CCI
BUY Rules
- Price above 100 EMA channel, (high, shift 5) and 100 EMA, (low, shift 5)
- If the price closes above the 20 EMA 100 level (yellow dot line) you take a market order if is confirmed by trend direction blue bar, trend power blue bar, and CCI line upward above 50 level
SELL Rules
- Price below 100 EMA channel, (high, shift 5) and 100 EMA, (low, shift 5)
- If the price closes below the 20 EMA 100 level (yellow dot line) you take a market order if is confirmed by trend direction red bars, trend power red bars, and CCI line downward below -50 level
Trading NOTES
- Trade the trend direction only:
- trend up above the 100 channel (red lines)
- trend down below 100 channel