This system is sometimes referred to as the NN Cloned trading system. It was released in 2014.
The system brings together five indicators which include:
- The NMA indicator
- The 3G EMA (4) indicator
- The moving average (24)
- The moving average (72)
Each of this indicator serves its independent role and none depends on the other. However the trader has to confirm from all the indicators before concluding to open a trade.
The Moving Averages communicate important trading signals when the two averages cross over. A rising Moving Average on its own indicates that the currency pair is in an uptrend, while a declining Moving Average indicates that it is in a downtrend. Similarly, upward momentum is confirmed with a bullish crossover, which occurs when a short-term Moving Average crosses above a longer-term Moving Average. Downward momentum is confirmed with a bearish crossover, which occurs when a short-term Moving Average crosses below a longer-term Moving Average.
All the indicator used shows the trend of the market and like all the other trend indicators do depend on the past history of the market. The main objective behind using too many trend indicators is to eliminate the noise of the market; the likelihood of fake signals.
Confirming a signal with another signal provides a better signal to open a trade.
Fig. the indicators used in the Neuro trading strategy
Using the Neuro trading strategy to trade.
When using this system you should not expect signals like arrows and color change. The system is purely dependent on following the trend of the forex markets. Therefore it is a perfect system to trade intraday or even long trading.
Fig. opening and closing trades
The traders open and close trades depending on the trend indicated by the indicators. Mainly this is signal by crossing of the indicators. The ZWinner Trend indicator is used just as a filer to confirm the trend and ensure that the signal isn’t fake.
Long positions: these are opened when there is an uptrend in the market. The uptrend is indicated by the exponential moving average (24) being greater than the exponential moving average (72) and the NMA being greater than the 3G exponential moving average (4).
Then also check at the Zwinner Trend indicator to see if it is green. If all these conditions are met satisfactorily then you can confidently place a buy order.
Short positions: these are opened when there is a downward trend in the market. The downtrend is indicated by the exponential moving average (24) being less than the exponential moving average (72) and the NMA being less than the 3G exponential moving average (4).
Also check to see that the Zwinner Trend indicator has changed its color to red. Then if everything is me then place your sell order confidently.
The trades are then closed when the Zwinner Trend indicator changes its color or when the NMA crosses the exponential moving average in the opposite direction.
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