This is a TREND FOLLOWING forex strategy – High accuracy Trend Trading with Trend Squeezer indicator.
The system is highly effective on any currency pairs.
Besides, it is very flexible as any trader with some trading experience can extend the terms of opening and/or
closing orders.
It may help you to increase the obtained profit.
Thus, the system can be used by the trader with any qualification.
Trend trading makes extensive use of technical analysis, including both chart patterns and technical indicators.
This is very similar to a lot of RSI indicator.
But, you need to set your lines to 0, 4, 14.5, 16.5, 27, and 31.
How to use Power Trend indicator?…
Here we have the most simple and to the point instructions possible:
- For LONG trades,
- you will simply wait for trend line to cross the 16.5 break line
- After crossing 16.5 you will wait for the current candle to close then enter
- When trend line reaches the top 31 line close your open trade
- For SHORT trade,
- you will simply wait for trend line to cross the 14.5 break line
- After crossing 14.5 you will wait for the current candle to close then enter
- When trend line reaches the bottom 0.00 line close your open trade
Let me show you how to use the indicator in this trading system.
This is a trend following forex strategy.
- Best TimeFrames: H1, H4, and Daily
- Most Recommended Currency pairs: GBP/JPY, EUR/JPY, AUD/USD, EUR/USD
This is not the single useless indicator it’s complete package on the trading system which will point right moment to place a trade.
A decision concerning entry market or position closing is taken only after the candle is closed.
- Sadukey
- PW Trend
- Trend Squeezer
- Signal Trend
- Moving Average
- Relative Strength Index
- Sadukey blue color bars
- PW Trend upward and cross above 16.5
- PW Trend line above MA line (red color)
- Trend Squeezer blue color
- Relative Strength Index upward and above 50
- Sadukey red color bars
- PW Trend downward and cross below 16.5
- PW Trend line below MA line (red color)
- Trend Squeezer red color
- Relative Strength Index downward and below 50
PW Trend indicator works best on GBP/JPY, EUR/JPY, AUD/USD, EUR/USD.
It should be noted that the manual trading system can give only the BUY or SELL signal.
Capital management (stop-loss, take-profit, trailing-stop, risk management) fully depends on trader and he is the only one to make successful trades.
For day trading (H1 timeframe);
- Profit target 400-600 pips (5 digits broker) depends on the currency pairs.
- Initial stop loss 200 pips.
- After 200 pips in the gain move stop loss at entry level.