BEST Forex Trading System and Strategy “ForexWOT Multi Trend Daily Chart“. This is a very immpressive trend following forex trading strategy. Trading the daily chart with high accuracy signal indicators and clear trend filter indicators.
The one lesson that I learned early on in my trading career that helped me the most, was that the noise and false-signals of a 5 or 15 minute chart (lower time frames) were simply not worth spending my time on or risking my money on.
I firmly believe that trading lower time frame charts is a waste of time and money. And I believe that DAILY chart trading can be your “Holy Grail” in the markets.
ForexWOT Multi Trend Daily Chart Trading Rules
“ForexWOT Multi Trend Daily Chart” is an amazing trading system in almost all time frames, but DAILY is the best time frame for long run.
There are MORE trades on a 15 minute chart, however, there are also more false-signals and there is more random market noise, so you are just going to end up taking more losing trades and stressing yourself out more.
This all contributes to a poor trading mindset and ultimately to you losing more and more money.
Forex MetaTrader Indicators
- Signal 1
- Signal 2
- Signal Trend
Please note!… This is DAILY Chart forex trading system. The more you push and “try” to make money in the markets by burning your eyeballs out staring at lower time frame charts, the more the money you so badly desire will elude you.
- TrendGator BUY formation
- Signal 1 (BBand Stop indicator) blue dot
- Signal trend green bars
- MACD histogram above 0 level
- Filter Indicator blue bars
- TrendGator SELL formation
- Signal 1 (BBand Stop indicator) red dot
- Signal trend red bars
- MACD histogram below 0 level
- Filter Indicator red bars
Daily Chart Trading Note
One thing I firmly believe in is that Forex trading success is largely a result of the quality of the trades you take…not the quantity of trades you take.
By simply reducing the frequency with which you trade, you will simultaneously improve your odds of succeeding over the long-term.
You need to understand and accept the fact that 2 or 3 quality trades a month is going to put you much further ahead than 20 or 30 emotion-fueled impulse trades a month…no matter how good it makes you feel to take them.