Trend Magic with Filter is a forex trading system. The Trend Magic with Filter is a trend following forex trading system. It is a easy forex trading system. If the rules of this system are followed strictly and follow a planned trading system, anyone should be able to make money consistently in the forex market. However, it’s not as easy as it sounds to be a disciplined trader. One should go through series of mental behavior practices in order to bring his/her mindset in the right place. This system works well in a trending market environment rather than in a sideways or flat market. The appropriate time frame for using this forex trading system is 5 minute chart. There are three technical indicators in the main chart window while there are two indicators in the indicator chart window.
When the Trend Magic with Filter indicator is correctly installed on your trading platform, your chart should look like this:
- Trend Magic
Trend Magic is the major signal generator indicator of this forex trading system. It is a custom made moving average. It changes its color to blue and red accordingly to the market direction. When the market direction is up, Trend Magic becomes blue and when the market is down, Trend Magic becomes red.
- Fibonacci Pivots
Fibonacci Pivots are the pivot levels that are automatically drawn on the main chart by the Trend Magic with Filter system. These levels can be used to set the stop loss and the take profit levels. Otherwise, these levels are not necessary to make your trading decisions.
TudorGirlis a technical indicator which is painted blue and red. Blue paint indicates the bullish dominance in the market while the red paint indicates the bearish dominance in the market.
- RBCI hist
RBCI histis a technical indicator which consists of histogram that moves above/below the zero level. You should be looking to long when the histograms are blue and vice versa.
Buying Conditions Using Trend Magic with Filter.
- Price should be above the Trend Magic
- TudorGirlindicator should be painted with blue.
- RBCI hist 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 the price crosses below the Trend Magic
Selling Conditions Using Trend Magic with Filter system.
- Price should be below the Trend Magic
- TudorGirl indicator should be painted with red.
- RBCI hist 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 the price crosses above the Trend Magic
Download Free Forex Trend Magic With Filter Strategy