The trend Way trading strategy was developed by Leviatan fx in the year 2015. It is also known as the trend way with MKNC trading system. It is a simple and yet profitable trading strategy to use. It has an efficiency of around 85% making a very good trading system that is recommendable even to Forex beginners. This system is a trend following trading strategy.
This trading system is best when it is used on a 30 minute and above timeframe chart. Also, it produces best results when used to trade the major currency pairs.
It uses two indicators namely the trend way indicator and the MKNC indicator. The trend way indicator, also called the Blip indicator, is a trend following indicator which is the same as the trend magic indicator.
The trend way trading strategy come with two templates namely: the Trend Way with direction force template and the trend way with MKNC template. We shall discuss the use of the two templates individually.
Rules to use when using the Trend Way with MKNC template
- Placing a Buy order
A buy order can only be placed when the trend way indicator line is blue in color and the MKNC indicator blue line crosses the red dotted line upward.
- Placing a Sell order
A sell order can only be placed when the trend way indicator line is red and the MKNC indicator blue line crosses the red dotted line downward.
Then after placing your trades, you will have to find a way of exiting/closing the orders. You can choose to use stop levels (stop loss and a take profit) or choose to close your orders when an opposite signal is given.
Fig.1. Placing orders using the trend way with MKNC template.
Rules to use when using the Trend Way with Trend direction & force (11 period 0.5, -0.5 trigger line) template
The trader has the choice of setting the Trend direction & force indicator to a period of 14 period and the trigger lines at (0.6, – 0, 6).
- Placing a buy order
The trader should place a buy only when the trend way indicator line is blue and the Trend direction & force breaks the trigger line (0.5) upwards.
- Placing a sell order
The trader should place a sell order only when the Trend way indicator line changes to red and the Trend direction & force breaks the trigger line (- 0.5) downwards.
Fig.2. Plcind orders using the Trend Way with direction force template.
Then after placing an order, you have to have an exit strategy. The trader can choose to exit/close the position using a stop loss or a take profit or he can choose to close the order when an opposite signal is given.
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