Profitable Forex Trend Following Strategy is a forex trading system. This forex trading system is one of the best forex trading systems you can ever get for free. Systems like these are available for free yet many people don’t see value in it. If the trades are executed with discipline one can make money consistently in the market using this forex trading system. There are very few indictors used in this forex trading system and they do the job of generating crystal clear trading signals.
When you install Profitable Forex Trend Following Strategy in your metatrader, your chart should look like this:
- Moving Averages
There are bunch of moving averages used in this forex trading system. when the market is above these bunch of moving averages, it is a buying signal and when the market is below the bunch of moving average, it is a selling signal.
- MACD
MACD comprises of two oscillators and histogram. You can simply ignore the oscillators and focus on histogram only. When the histogram is positive, it is a buy signal and when the histogram is negative, it is a sell signal. There are two versions of MACD. Lower moving average has a yellow MACD. When the histogram is positive, it’s a bullish market and when the histogram is in negative, it’s a sell signal.
Buying Conditions Using Profitable Forex Trend Following Strategy.
- Forex pair should be up trending.
- Forex pair should be bouncing from the recent support.
- Market should be above the moving averages.
- MACD indicator histogram should be in positive territory.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when market crosses below moving averages.
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Selling Conditions Using Profitable Forex Trend Following Strategy.
- Forex pair should be down trending.
- Forex pair should be falling from the recent resistance.
- Market should be below the moving averages.
- MACD indicator histogram should be in negative territory.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when market crosses above moving averages.
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