High Accuracy Forex BullsEye Trend Magic MT4 Trading Strategy

FREE DOWNLOAD High Accuracy Forex BullsEye Trend Magic MT4 Trading Strategy – This is a very simple and effective Forex intraday anh H4 trading strategy based Trend Magic MT4 indicator.

Trend Magic is a custom indicator that combines CCI and ATR in what turns to be quite similar to a moving average in the chart.

Simple, the line turns red when CCI readings are below -50 (which points for a dominant bearish trend) and blue, when CCI is above 50, suggesting then a bullish continuation in the pair.

The ATR indicator is added to step the line towards the price.

The basic trading strategy with this indicator is waiting for a color change.

If the indicator is blue and turns red, a candle opening below it, will point for a SELL, while if red, and turning blue, a candle opening above the indicator is necessary to BUY the cross under study.

Is also useful to set stops, as a color change, or a candle opening in the opposite side of the indicator, will suggest we are in the wrong side of the market, and a trend change is nearby.

 

• Best Time Frame : H4
• Currency pairs: Majors: AUD/USD, NZD/USD, GBP/USD, EUR/USD, USD/CHF, EUR/JPY, GBP/JPY. INDEX: Dow, S&P500, DAX, FTSE100

 

• Download “ForexWOT.Com-BullsEyeTrendMagic” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT.Com-BullsEyeTrendMagic.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-BullsEyeTrendMagic” trading  system and strategy
• You will see “BullsEye TrendMagic Trading System” is available on your Chart

 

• Trend Magic Line turning blue
• Price above blue Trend Magic Line
• Bulls Eye green
• TTF above level 50
• RSI line above level 55

 

• Trend Magic Line turning blue
• Price above blue Trend Magic Line
• Bulls Eye green
• TTF above level 50
• RSI line above level 55

 

For intraday trading exit with fast profit target that depends by currency pairs.

Don’t ignore your stop losses – you can always get back into a position.

You will find it more reassuring to cut out and accept a small loss than to start wishing that your large loss will be recouped when the market rebounds. This would more resemble trading your ego than trading the market.
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