This system uses 8 indicators in general. Four of the indicators are independently calculated and the rest four are used for presenting the independently calculated indicators in picture form.
The indicators that are independently calculated are the BrainTrend1, BrainTrend1stop, BrainTrend2 and BrainTrend2stop. The indicators used for pictorial presentation are the BrainTrend1Sig, BrainTrend1stopLine, BrainTrend2Sig and the BrainTrend2StopLine.
All these indicator are trend indicators that shows the direction of the market. They do so by using color changes. The indicators have three main colors that are: red, blue and green.
Other than the above mentioned indicators, this system also uses the RSI, MACD, ADX and Bollinger Bands indicators.
Loading the Brain Trend Trading System
First just as in any trading system, you have to download the indicators used. However you can also download a compressed file comprising of their indicators used in the system and the template of the system.
Fig.the indicators of the Brain Trend Trading System
We would recommend that you download the compressed folder. After you download, then copy the indicators into the indicator folder of the where you have installed the Metatrader4. Then copy the template into the template folder. Then open your MT4 platform and load the template onto the chart you want.
The template once loaded comes with all the indicators so there is no need of loading individual indicators again.
Also it is worth noting that the system doesn’t use the BrainTrend1 and BrainTrend2 indicators on the same chart.
How to employ the Brain Trend Trading System
This system show the direction that the market is moving to. Therefore if you want to open a trade you will be able to do so in relation to the market trend.
When the market is on an upward trend the trigger lines of the BrainTrend2 indicator turns blue and there is the formation of a blue BrainTrend2Sig arrow pointing upwards. However the trend is confirmed by using the RSI, MACD and ADX. If the RSI line is above the 50 line level then the trend is confirmed to be an uptrend. Also you may look at the MACD to see that the yellow line is showing an uptrend.
When the market is on a downward trend the trigger lines of the BrainTrend2 indicator turns red and there is the formation of a red BrainTrend2Sig arrow pointing upwards. However the trend is confirmed by using the RSI, MACD and ADX. If the RSI line is below the 50 line level then the trend is confirmed to be an uptrend. Also you may look at the MACD to see that the yellow line is showing a downward trend.
Fig.trading using the Brain Trend Trading System
If you look at the chart above you will notice that the system is suiteed both to the lond term traders and the short term traders depending on the trend of the market.form the chart it is visivble that you open a trade when the signal is given and close the trade when an oposite signal is given.then according to how you trade you may also opt to open a trade when you close another trade.
Download Free Brain Trend Trading System