FREE DOWNLOAD SUPER BEST FOREX TRADING SYSTEM – The BEST Trend Following Forex Ttrading Srategy Based All On Trend Indicators. This is a pure trend following forex metatrader 4 system. This strategy is for intraday or swing trading.
Trend following is a concept and strategy in technical analysis. The core principle is to analyse the price movement rather than the fundamentals of the traded asset.
Traders who employ this strategy do not aim to forecast or predict specific price levels. They simply jump on the trend and ride it, trying to make profits from both the ups and downs in the markets.
The foundation of trend following is the concept of market trends.
Trend Following Forex Trading Rules
Trading only in the direction of the trend. The indicator of base for this system is Bollinger Band Stop we have four BB Stop. Trading with indicators may seem an easy solution to beating the markets but if anything you have to be extra careful.Indicator trading is not the only way to trade. Think about price action as well.
- Third blue buy arrow in same direction
- BSTrend blue bar
- Step up down buy > 55
- Heiken Ashi Smothed blue
- Price above MA 50 line
- Third red sell arrow in same direction
- BSTrend red bar
- Step up down sell > 55
- Heiken Ashi Smothed red
- Price below MA 50 line
Optional: for the best entries wait the retracement on the moving averages.
EXIT and STOP Rules
- Initial stop loss on the previous high/low
- Exit at the first opposite arrow or with predetermined profit target.
Build up your confidence
There’s only one way to build up your confidence about yourself and your strategy.
It is practice.
If you want to save time, I recommend you backtest. Either use a backtesting software or any trading platform and track the trades you would have taken with your strategy.
When you backtest, make an effort to find the losers. This means it’s better to take more losing trades that you would in real life. Don’t take the trades that do not correspond to your strategy though.
When you’ve done your backtesting, evaluate whether you have a positive return. Also see what was your longest losing streak. That way you’ll be less depressed if it ever happen again (it will at some point).