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Trend Direction and Strength Finder Trading System


This “Trend Direction and Strength Finder Trading System” is a very simple trend following Forex Strategy based on the three high accuracy MetaTrader “trend and momentum” indicators.

Trading NOTES

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The goal of this strategy is to win on the long trend.

  • Time Frame: H1 or higher (Best Time Frame H4 or Daily )
  • Currency Pairs: EURUSD and GBPUSD

 

MetaTrader Trading Indicators
  • Trend Direction Indicator
  • Trend LINE
  • Trend Strength Finder Dominator

 

BUY Rules


  • Trend Direction Indicator below the Trend LINE indicator
  • Trend LINE blue color
  • Trend Strength Finder Dominator blue color

 

SELL Rules

  • Trend Direction Indicator above the Trend LINE indicator
  • Trend LINE red color
  • Trend Strength Finder Dominator blue color

 

Trading NOTES
  • Exit position options:
    • At opposite Arrow
    • Stop loss predetermined examples: Time Frame H4: 500 pips  D1:1200 Pips
    • Initial Stop loss on the previous swing after 300 pips in gain move position at the entry point
    • Risk Reward Ratio 1:2 or 1:3
  • Use a demo account or a small live account first to practice this trading system

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READ  Forex "H1 and H4 TF Chart" Trend Line Price Action Momentum Trading System

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