Trend Range Trading System is a forex trading system and it is named so because it is suitable in trending as well as ranging market conditions. This forex trading system is so easy that even the beginners can grab its concept and trade successfully with this system. The system consists of nothing more than the some arrows and few technical indicators. All the indicators are placed in the main chart window and there are no any indicators windows below. There are altogether three technical indicators used in Trend Range Trading System.
On the top right corner of the chart, you can see technical summary of the currency pair you are watching in different time frames. There are three technical indicators which are MACD, STR, and EMA and the time frames are M5, M15, M30, H1, H4, D1, and W1. Below this information there are information like spread, pips to open, high to low, daily average, and bar close.
When Trend Range Trading System is installed correctly on your trading platform, your chart should look like this:
- Range V2
Range V2 is a couple of lines, one of which moves above the price and another moves below the price. The line above the price acts as a resistance level whereas the line below the price acts as a support level.
- Swing Arrows
Swing arrows are the green and red arrows you can see on the main chart. These Swing arrows will be our main signal generating indicators. Basic rule is to buy when you see a green arrow pointing upward and to sell when you see a red arrow pointing downward.
Buying Conditions using Trend Range Trading System.
- A green arrow pointing upward (Swing arrows indicator) should appear below the price level.
- Place your stop loss just below the recent swing low.
- Take your profits when you see a red arrow pointing downward above the price level.
Selling Conditions using Trend Range Trading System.
- A red arrow pointing downward (Swing arrows indicator) should appear above the price level.
- Place your stop loss just above the recent swing high.
- Take your profits when you see a green arrow pointing upward below the price level.
Open demo account to test this system.
Download Free Forex Trend Range Trading System
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