FREE DOWNLOAD The Most Powerful Forex Breakout Trend Following Trading System and Strategy Based on Moving Average Indicators. Today I want to introduce you to one of THE MOST POWERFUL Forex Breakout Trend Following Trading System and Strategy.
ForexWOT Breakout Trend Following Strategy is a breakout trend following strategy based on two world’s-most-powerful-forex-filters-indicators. It’s used by millions of traders around the world, and it’s made them more money than you can even imagine.
So what are these indicators?…
The first on the chart based on the Moving Average indicator, the second below the chart based on trend-momentum indicator (I’m talking about the MACD).
ForexWOT Breakout Trend Following Trading Rules
Moving Average indicator
MAs allow you to easily see the trend. They also provide trading signals… When a short-term MA moves above a longer-term MA, this is a bullish signal.
Conversely, when a short-term MA moves below a longer-term MA, this is a bearish signal.
The MACD Indicator
The MACD shows you the market trend, which is what you want to trade with Forex, and the momentum behind the price moves.
Best Time frame : 4 H or higher.
Currency pairs : majors.
Forex Metatrader Indicators
- Exponetial Moving Average 15 period, (shift 5)
- Exponetial Moving Average 20 period, (level +200 -200 close , shift 5)
- Trend power
- Signal Trend
Trading rule – trade the trend direction only
- Price upward above EMA 15 and EMA 20 (level +200 shift 5)
- Trend Power blue color
- MACD histogram above 0 level
- Signal Trend green color.
- Price downward below EMA 15 and EMA 20 (level -200 shift 5)
- Trend Power red color
- MACD histogram below 0 level
- Signal Trend red color.
- Make profit with ratio 1:2 stop loss or trailing stop.
- Place intial stop loss 10 pips above/below orange line (Exponetial Moving Average 20 period, (level +200 -200 close , shift 5))