Trend Power Strategy

The Trend Power Strategy is a trading system that is designed for use by forex scalpers. It is based on a combination of forex trading indicators which include:

• Channel-signal.ex4

This is actually the center of gravity channel signal. It shows the current market trend and at the same time indicates the previous highs ad lows by it channel lines. It has got four channel lines. The outermost channel lines are grey in color and are rarely touched by the market prices. The second outer most lines are orange in color and are the ones that are used when placing orders if touched or crossed.

• FerruFx_Multi_info THV (2).ex4

This indicator is responsible for showing the previous day highs and lows of the market. It also shows at what price the market closed yesterday.

• Fibonacci Pivots THV.ex4

This are pivot points and they are displayed as dotted lines. The resistance levels are green in color while the support levels are red in color.

• trendpowercurve.mql4

This displays the dominant trend in the market. It displays the percentage of the current trend in the forex market prices of the currency pair that you are trading.

• trendpowervisual.ex4

Fig.1. The template of the Trend Power Strategy.

The template of Trend Power Strategy is titled the Trend Power.tpl. The template comes with all the indicators attached to it. However, you have to make sure that you copy the indicators into the indicators folder of the MT4 for the indicators to be displayed when the template is loaded.

How to trade using the Trend Power Strategy

When trading the main things to consider is the strength of the trend, the channel signals and the trendpowervisual indicator.

When to place a buy order:

A buy order is placed when the sky blue arrow appears. Mainly this will occur when the market prices nears or crosses the lower yellow channel line.  Once you place you trade it is always important to place a stop loss at the next lower channel line. That is if you open a buy order near the lower yellow line then your stop loss should be at the Grey channel line. When doing so ensure that you place the stop loss at the point of intersection of a line drawn vertically though the candle at which you opened your trade and the grey channel line.

Fig.2. Placing and closing order using the Trend Power Strategy.

When to place a sell order:

A sell order is placed when the red arrow appears. Mainly this will occur when the market prices nears or crosses the higher yellow channel line.  Once you place you trade it is always important to place a stop loss at the next lower channel line. That is if you open a sell order near the upper yellow line then your stop loss should be at the Grey channel line. When doing so ensure that you place the stop loss at the point of intersection of a line drawn vertically though the candle at which you opened your trade and the grey channel line.

Open demo account to test this system.

Download Free Forex Trend Power Strategy