Forex Mod Trend Squeezer Trading Strategy
Decision concerning entry market or position closing is taken only after the candle is closed. At the top of a diagram you will see the percent scheme of indication showing how much time has passed from the current bar.
As you have noticed, the trading system is trend following. It is completely based on trading indicators, which signals confirm each other.
I am not going to tire you by each indicator’s description. There is no need for you know it – the most important is the result you will get using this method.
So let’s consider the conditions that show the signal to buy.
Trading System Trend Squeezer Long Entry
Entry the BUY (long) position is fulfilled under the following conditions:
1) Green color of running line on price chart; 2) color of the candle on the main chart is dark blue; 3) green color of the last point formed at the signal time or several bars from it; 4) on the main additional diagram a combo indicator points the following indexes (monitored bottom-up): a) a green criss-cross inside the quadrate; b) a green quadrate; c) a green criss-cross; d) a green indicator with up direction at the signal time or a bit earlier; 5) on the second additional diagram a white line has crossed a red one from the bottom upwards or it is already above it; 6) a current green column on the third diagram.
Closing of BUY position: at the reverse signal, stop-loss or take-profit;
Trading System Trend Squeezer Short Entry
Entry Sell position (short) is fulfilled under the following conditions:
1) a red running line on the price chart; 2)an orange candle on the main chart; 3) a red color of the last point, formed at the signal time or several bars from it; 4) on the main additional diagram a combo indicator points the following indexes (monitored bottom-up): a) a red criss-cross inside the quadrate; b) a red quadrate; c) a red criss-cross; d) a red indicator with up direction at the signal time or a bit earlier; 5) on the second additional diagram a white line has crossed a red one from the bottom upwards or it is already above it; 6) a current red column on the third diagram.
Closing of SELL position: at the reverse signal, stop-loss or take-profit;
Recommended SL from 70 pips, TP from 40 pips, trailing stop from 15 pips. The specific size of these parameters are selected individually, taking into account risk tolerance and specifics of your broker.
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