Trend Rider is a forex trading strategy. Trend Rider is highly effective and powerful tool for forex traders of any level. Without a doubt Trend Rider is a trend following forex trading strategy meaning you should be trading only in trending market while trading using Trend Rider forex trading strategy. Trend Rider can be used in any time frame with any currency pairs. Trend Rider contains lot of information that can be really helpful to the dedicated traders out there. The Trend Rider indicator consists of as many indicators as 18. But the good news is you need not study or use them in detail since the other indicators generate trading signals by using those indicators so we can use only the final product or signal not all the indicators that are used in the system.
On the main chart window you can see information like time in different market sessions, direction of the trend, change/range, distance from high, distance from low, swap long and swap short. Indicator like moving averages, bar trend, EMA crossovers, Pivot points are used on the main chart.
When the Trend Rider System is correctly installed on your platform your chart should look like this:
- Moving Averages
There are four moving averages used in Trend Rider system. The white color moving average is simple moving average of period 10 and applied to median price. Red color moving average linear weighted moving average of period 85 and applied to close. Green color moving average is exponential moving average of period 50 and applied to close. Lastly, golden color moving average is exponential moving average of period 5 and applied to median price. Entry can be made based on these moving average crossovers.
- Bar Trend
Bar Trend is a special type of custom made bars that are used in Trend Rider system. They look like HeikenAshi bars but not sure what the developer did. The Bar trend comes in two colors; Purple and green. A bullish candle is green and a bearish candle is purple.
- EMA Crossovers
EMA cross overs indicator are the arrows you can see on the main chart. Those indicators are the result of EMA crossovers. The EMA crossovers indicators come in two colors; red and blue.
- Bbands Stop Bar
There are two Bbands Stop bar used in Trend Rider system. The Bbands stop bar on the top of the indicator window helps to figure out the direction of the market and the one at the bottom helps to filter the trend.
- Flat Trend
Flat Trend indicator works as a filter. The bars of flat trend come in blue, red and yellow color.
Buying Conditions Using Trend Rider.
- Blue color arrow should appear below the price chart.
- Golden Color moving average should cross above all the other moving averages.
- Bbands Stop Bar should be blue in color.
- Flat trend indicator should be blue in color.
- Place your stop just below the recent swing low.
- Take your profit when a red color arrow appears above your chart.
Selling Conditions Using Trend Rider.
- Red color moving average should appear above the price chart.
- Golden Color moving average should cross below all the other moving averages.
- Bbands Stop Bar should be red in color.
- Flat trend indicator should be red in color.
- Place your stop just above the recent swing high.
- Take your profit when a blue color arrow appears below your chart.
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