Simple Moving Average & Momentum Trend Following Forex Trading Strategy System + Custom Indicator.
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I am very happy to share “Trend Mystery”. It’s a powerful MT4 trend indicator (Not EA/Robot) that works on ALL pairs and M15, M30, H1, H4, and D1 timeframes.
“Trend Mystery” has been equipped with a unique Multi-Level
Confirmation feature, whenever a new BUY/SELL signal is generated,
it will inform you via a pop-up sound alert, email alert or a push notification sent to your mobile.
If you get a new signal, it will stay there. No repaint, highly accurate BUY/SELL signals, unique Multi-Level Confirmation feature, 3 types of signal alerts and multiple trading styles…All in just one indicator…
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SMA & Momentum Trend Following Forex Trading Strategy + MT4 Custom Indicator.
Free Forex trading strategies, indicators, and Templates for MT4.
Don’t Get Caught In A Bad Trade. Learn These Tips For Success In Foreign Exchange Trading
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F4N SMA Momentum Profit v1, Trend Following Strategy Forex Trading System
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This Trading System is an trend following strategy based on the trend indicators and this strategy is for all the platforms of trading.
Currency pair:
All major currency pairs.
Time frame:
M30, H1, H4
MT4 Indicators:
Simple Moving Average, Period: 70, Apply to Close.
Simple Moving Average, Period: 70, Apply to High.
Simple Moving Average, Period: 70, Apply to Low.
Momentum, Period: 34, Apply to Close, Add Level: 100.
Rules for F4N SMA Momentum Profit v1 Trading System:
Long Entry: Closed price cross above SMA High and Momentum is over Level 34.
Short Entry: Closed price cross below SMA Low and Momentum is under Level 34.
Take profit:
Profit target with ratio 2:1 stop loss or more. You can give a take profit at a 1 to 3 ratio.
Stop loss:
Set the initial stop loss at the last previous higher/lower prices.
Initial stop loss last a turning point, or you can close a trade when the candle closes inside the SMA area.
However, you should have to adjust the value of SMA and Momentum, the performance of this strategy will vary, depend on the time frame and currency pair. you must backtest the trading system before using in live trading.
Good News!! I just build my custom MT4 indicator F4N SMA Momentum v1 to run backtest this strategy. You can adjust the values of SMA and Momentum that suitable for your currency pair and time frame. Down load links of this indicator and template are in the description of this video — —, try to free download and use. All so, you can use this indicator to get signal for entry long or short, it’s not repainted, if you understand and follow the trend, this indicator will help you very much. May you open the graph on a big time frame and then focus on entry order on the smaller time frame, or you can determine the trend by other indicators or trend lines, too.
Thanks for Subscribe and follow Forex4Newbies, see you in the next strategies, Good Luck.
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Special: Custom Indicator F4N SMA Momentum Profit v1 Trading System: and MT4 template.
Download free
Template:
Indicator:
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