Forex Trend Setter is a trading strategy that was originally developed to trade in the foreign exchange market. Forex Trend Setter is basically a simple trading strategy. The developer of this strategy recommended this system for intermediate level traders and the advanced level traders. But here things are made simple so that even the beginners can gain advantage from it. There are many ways and rules to trade this system but don’t worry you can just use one of them and make money as much as you want. You need focus in order to trade successfully with this method. You eyes should be trained so that you don’t miss the trading opportunities that market provides you. You need to practice it few times on demo before jumping in the real money trading.
There are only two indicators used in this system. When the Forex Trend Setter trading strategy is correctly installed on your trading platform, your trading chart will look like this:
- Super Trigger
This is a custom made indicator which works as a trend filtering indicator. It indicates whether the market is up trending, down trending or moving side ways. Super Trigger indicator consist of three different colors bars. Each bar provides different information about the market. A green bar indicates that the bulls are dominating the market. A red bar indicates the bear’s dominance in the market while the yellow bar indicates the indecisive. Indecisive means market is moving flat or side ways, neither bulls nor bears are able to gain control in the market.
- Super Trend
Super Trend is also another custom made indicator. This indicator is smoother and flexible than super trigger because it doesn’t change its color as fast as the super trigger does. It gives the information about the direction of the market in broader sense or let’s say it gives the information about the current prevailing major trend of the market.
Buying Conditions Using Forex Trend Setter.
- Look for the combination of three red bars and a green bars in the super trigger indicator.
- Super Trend indicator should be green in color.
- Place your stop loss just below the recent swing low.
- Take your profits when the bars of super trigger indicator turn to red.
Selling Conditions Using Forex Trend Setter System.
- Look for the combination of three green bars and a red bars in the super trigger indicator.
- Super Trend indicator should be red in color.
- Place your stop loss just above the recent swing high.
- Take your profits when the bars of super trigger indicator turn to yellow.
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