Trend Finder Forex Trading Strategy

Trend finder forex trading strategy

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Trend Finder Forex Trading Strategy

The Trend Finder forex trading strategy can generate a good number of intraday forex signals and is able to determine changes in trend when the market is flat and trending equally.

Chart Setup

MetaTrader4 Indicators: TrendFinder.ex4 (default setting), TrendLinearReg.ex4 (default setting)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, Day

Recommended Trading Sessions: Any

Currency Pairs: All pairs

Download

Download the Trend Finder Forex Trading Strategy

Buy Trade Example

Fig.

1.0

Strategy

Long Entry Rules

Place a buy entry if the following rules or conditions are in place:

  1. If the red line of the TrendFinder.ex4 custom mt4 indicator crosses its blue line bottom up as shown on Fig.

    Trend finder forex trading strategy

    1.0, it is an indication that price is being pressured to the upside i.e. a trigger to buy the pair of interest.

  2. If the histogram of the TrendLinearReg.ex4 custom mt4 indicator aligns above the 0.00 signal level, price is said to be pushed higher i.e.

    Trend finder forex trading strategy

    a trigger to go long. The lime green color above the 0.00 level denotes a very strong bullish trend, while red histograms that are aligned above the 0.00 signal level denotes weaning bullish sentiment.

Stop Loss for Buy Entry: Place stop loss below immediate support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following holds sway on the activity chart:

  1. If the red line of the TrendFinder.ex4 custom mt4 indicator crosses its blue line top downwards placing itself above blue line (refer to Fig.

    Trend finder forex trading strategy

    1.0), an exit or take profit is advised.

  2. If red histograms of the TrendLinearReg.ex4 custom mt4 indicator forms below the 0.00 signal level during a long entry, price is said to be reversing, hence an exit or take profit is crucial.

Sell Entry Rules

Initiate a sell order if the following chart or indicator pattern gets displayed:

  1. If the red line of the TrendFinder.ex4 custom mt4 indicator crosses its blue line top downwards as depicted on Fig.

    1.1, it is an indication that price is being pushed lower i.e.

    The Most Powerful Forex Trading Indicator by Adam Khoo

    a trigger to sell the pair of interest.

  2. If the histogram of the TrendLinearReg.ex4 custom mt4 indicator aligns below the 0.00 signal level, price is said to be pushed lower i.e. a sell trigger.

    Trend finder forex trading strategy

    The red color below the 0.00 level denotes a very strong bearish trend, while lime green histograms that are aligned below the 0.00 signal level denotes the resumption of bulls pressure.

Stop Loss for Sell Entry: Place stop loss above immediate resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit on position(s) if the following holds true:

  1. If the red line of the TrendFinder.ex4 custom mt4 indicator crosses its blue line bottom up placing itself below blue line (prefer to Fig.

    1.1), an exit or take profit is advised.

  2. If lime green histograms of the TrendLinearReg.ex4 custom mt4 indicator aligns above the 0.00 signal level during sell order(s), price is said to be making a U-turn, hence an exit or take profit is crucial.

Sell Trade Example

Fig.

Trend finder forex trading strategy

1.1

Free Download

Download the Trend Finder Forex Trading Strategy

About The Trading Indicators

The real creator behind the TrendLinearReg.ex4 custom indicator is Sergej Solujanov, and the indicator is designed to spot trend changes.

The indicator can be traded by observing when it crosses the zero line (just as we’ve exemplified), touches the peak value or even trading zone breakout.

The TrendFinder.ex4 custom indicator is a trend following technical study just as the name implies, and is comprised of two lines (red and blue), where buy/sell signals are triggered off when these lines cross.