Forex Trend LINE – Trend Direction Trading Strategy with FX FISH and Momentum Filter

Does trend following work on Forex…? and how do you use it…?

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However; whatever Forex trend following method you are going to use you will lose money for sure if you do not identify a sideways market.

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This means the same profitable trend following trading method will start losing money in a sideways market environment.

Trend Following is one of Best Strategies for Forex Trading

Trend following is a term that leads you to believe that there is always a trend for you to follow.

The truth is that Forex trends a small percentage of the time and is range bound in up and down choppy price action the majority of the time.

There are many ways you can trade with the trend.

Buy the dip, sell the rally, or even using moving averages.

I personally prefer clean charts with only drawings of my Trend LINE indicator and Trend Direction indicator.

Trend LINE – Trend Direction Trading Strategy

The easiest way to track the trend on the H4 and daily chart.

The easiest way is to see the graph (of my Trend LINE indicator and Trend Direction indicator) when the price breaks the previous lines of the trend indicators and goes further to mean the trend in that direction.

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Best Time Frames: H1, H4, and Daily
Most Recommended Currency Pairs: EURUSD, GBPUSD, USDJPY

MetaTrader Trading Indicators

Trend LINE
Trend Direction
FX Fish
Momentum

BUY Rules

Trend LINE blue color
Trend LINE above the Trend Direction
FX Fish lime color bars
Momentum line upward and above 100

SELL Rules

Trend LINE red color
Trend LINE above the Trend Direction
FX Fish red color bars
Momentum line downward and below 100

Trading NOTES

Use a reasonable stop loss based upon the Average True Range and monitor the currency pair so you have an idea about the personality, i.e. stop runs, whipsaw potential, breakout potential, etc.
Limit your observations to 4–6 currency pairs so you can become familiar with them.
For Trend following, minimum Time Frame for a better result is 4 hours.

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