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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- Use a demo account or a small live account first to practice this trading system
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