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Trend Signal with Asymmetric Channel

November 10, 2015 by Dominic Walsh Leave a Comment

Trend Signal with Asymmetric Channel is a forex trading system. It is a trend following forex trading system. This forex trading system is called ‘Trend Signal with Asymmetric Channel’ because it generates the asymmetric channels and triangles on your chart automatically. Beside these asymmetric channels there are other indicators as well. The same system can be used by different traders differently so is this system too. Trend Signal with Asymmetric channel system can be traded with different strategies. There are two moving averages in the main chart and two oscillator indicators named ‘vortex indicator’ at the indicator window. What we will do here is, we will completely ignore the asymmetric channels and make trading decisions only based on moving averages and vortex indicator. Analyzing the enormous past data it is clearly proven that combination of these three indicators (two moving averages, and vortex indicator) works very well and is capable of making money trading out of it.

When Trend Signal with Asymmetric Channel system is correctly installed on your trading platform, your trading chart should look like this:

Trend Signal with Asymmetric Channel

  • Moving Averages

There are two moving averages used in Trend Signal with Asymmetric Channel system.

  1. 50 SMA: The dark green moving average you see on the above chart is a simple moving average of period 50, and is applied to high.
  2. 12 SMA: The red moving average you see above on the main chart is a simple moving average of period 12, and is applied to low.

So there are two moving averages with different periods and they are applied to high and low.

  • Vortex Indicator

Vortex indicator consists of two oscillators which are green and red. Our trading decisions will be made on the basis of these two oscillator’s crossovers which will be confirmed by the red moving average on main chart.

So, we will use the crossovers of price and moving averages, and crossovers of oscillators of vortex indicators in order to make our buying and selling decision using Trend Signal with Asymmetric Channel system.

Buying Conditions using Trend Signal with Asymmetric Channel System.

Trend Signal with Asymmetric Channel System

  • Major trend should be up i.e. both the moving averages should trend higher.
  • Green oscillator should cross above the red oscillator in vortex indicator.
  • Price should cross above red moving average (12 SMA).
  • Open a long position as soon as above conditions are met.
  • Place your stop loss just below the recent swing low.
  • Take your profits when green oscillator comes down to touch 1.05 level in vortex indicator window.

Selling Conditions Using Trend Signal with Asymmetric Channel system.

Trend Signal with Asymmetric Channel system

  • Major trend should be down i.e. both the moving averages should trend lower.
  • Green oscillator should cross below the red oscillator in vortex indicator.
  • Price should cross below red moving average (12 SMA).
  • Open a short position as soon as above conditions are met.
  • Place your stop loss just above the recent swing high.
  • Take your profits when green oscillator rises higher to touch 1.05 level in vortex indicator window.

Open demo account to test this system.

Download Free Forex Trend Signal with Asymmetric Channel System

Download Trend Signal with Asymmetric Channel

Filed Under: Free Metatrader Systems Tagged With: line indicator

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