This is Highly Effective Forex TOPTREND Trading System you have to know – TopTrend or also known as BBands Stop indicator default settings (20, 2). TopTrend indicator can be your helping hand in confirming a trend, identifying trend change and setting stops.
TOPTREND appearance is pretty much self explanatory. What should be added is that TOPTREND if used alone won’t be able to save traders from losing in the Forex market. While it performs outstandingly well during good trends, it faces a fiasco during sideways channeling market.
The settings for TOPTREND forex indicator could be changed to fit any particular favourite currency pair and a time frame.
The MACD Forex Indicator is basically a refinement of the two moving averages system and measures the distance between the two moving average lines. MACD is an acronym for Moving Average Convergence Divergence.
The MACD indicator is primarily used to trade trends and should not be used in a ranging market. Signals are taken when MACD crosses its signal line, calculated as a 9 day exponential moving average of MACD.
Forex TOPTREND trading system is far simpler to trade with comparing to its original (Bolinger Bands trading system). Using this trading system and indicator you will easily get to know in which trend type is the market and opening position is fairly easy following few simple rules.
I’ll try to keep it as simple as possible explaining you how to trade with Forex TOPTREND trading system.
- TOPTREND Indicator blue under bullish candles
- TraderWawasan T3 blue and upward above TOPTREND indicator
- FX Fish green and above 0.3 line
- MACD uptrend and above 0 line
- TOPTREND Indicator red above bearish candles
- TraderWawasan T3 orange and downward below TOPTREND indicator
- FX Fish red and below 0.3 line
- MACD downtrend and below 0 line
TOPTREND Trading NOTE :
Because there are many fundamental factors when determining the value of a currency relative to another currency, many traders opt to look at the charts as a simplified way to identify trading opportunities.
When looking at the charts, you’ll notice two common market environments. The two environments are either ranging markets with a strong level of support and resistance, or floor and ceiling that price isn’t breaking through or a trending market where price is steadily moving higher or lower.
Using Forex TOPTREND Trading System and Technical Analysis allows you as a trader to identify range bound or trending environments and then find higher probability entries or exits based on their readings. Reading TOPTREND trading system is as simple as putting them on the chart.
Forex TOPTREND Trading System is Highly Effective. But don’t be greedy. being too greedy is like playing with fire.