Guppy Fast Trend Forex Trading Strategy and System [9240]

Guppy Multiple Moving Average (GMMA) –  Guppy Fast Trend Forex Trading Strategy and System is a technical trading system that identifies changing trends, breakouts, and trading opportunities in the price of an asset by combining two groups of moving averages (MA) with different time periods.

• Time Frame: M5 or higher
• Currency Pairs: Any

In this trading system, there is a short-term group of MAs and a long-term group of MA. Both contain six MAs, for a total of 12.

The short-term MAs are typically set at 3, 5, 8, 10, 12, and 15 periods. The longer-term MAs are typically set at 30, 35, 40, 45, 50, and 60.

The term gets its name from Daryl Guppy, an Australian trader who is credited with its development.

 

• Guppy Trader
• FastTrend
• Williams’ Percent Range

 

• The Guppy Trader or Guppy Multiple Moving Average (GMMA) is applied as an overlay on the price chart of an asset.
• The short-term MAs are typically set at 3, 5, 8, 10, 12, and 15 periods. The longer-term MAs are typically set at 30, 35, 40, 45, 50, and 60.
• When the short-term group of averages moves above the longer-term group, it indicates a price uptrend in the asset could be emerging.
• When the short-term group falls below the longer-term group of MAs, a price downtrend in the asset could be starting.
• When there is lots of separation between the MAs, this helps confirm the price trend in the current direction.
• If both groups become compressed with each other or crisscross, it indicates the price has paused and a price trend reversal is possible.
• Traders often trade in the direction the longer-term MA group is moving and use the short-term group for trade signals to enter or exit.

 

• Download “ForexWOT.Com-GuppyFastTrendSystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT.Com-GuppyFastTrendSystem.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “ForexWOT.Com-GuppyFastTrendSystem” trading  system and strategy
• You will see “Guppy Fast Trend Forex Trading System” is available on your Chart

 

• Guppy Trader:
  • Blue lines
  • Fast MAs > Slow MAs
• FastTrend: Blue histogram
• Williams’ Percent Range: Above level -55

 

• Guppy Trader:
  • Red lines
  • Fast MAs < Slow MAs
• FastTrend: Red histogram
• Williams’ Percent Range: Below level -45

 

The Guppy Multiple Moving Average can be used to identify changes in trends or gauge the strength of the current trend.

The degree of separation between the short- and long-term moving averages can be used as an indicator of trend strength. If there’s a wide separation, then the prevailing trend is strong. Narrow separation, or lines that are crisscrossings, indicates a weakening trend or a period of consolidation.