291# Wave Rider Forex Strategy
Janus Trader 2026
The Carter MA Strategy is a discretionary trading system for MetaTrader 4 (MT4) based on a combination of multiple moving averages and Fractals to identify trend direction, pullbacks, and reversal points.
This strategy is designed for volatile currency
pairs, allowing traders to trade both trend
continuation and counter-trend
corrections with clear visual rules.
The examples shown in the charts (M5, M15) demonstrate how price reacts repeatedly to dynamic support and resistance created by the moving averages.
The system works well for scalping, intraday trading, and short-term swing trades, depending on the selected timeframe.
Indicator – Default Settings
Carter MA (Moving Averages)
Apply the following Moving Averages to the chart:
|
Moving Average |
Period |
Purpose |
|---|---|---|
|
Fast MA |
8 |
Short-term momentum |
|
Medium MA |
21 |
Pullback reference |
|
Trend MA |
50 |
Trend confirmation |
|
Trend MA |
100 |
Major trend filter |
|
Long-term MA |
200 |
Strong dynamic support/resistance |
All moving averages should be Exponential (EMA) or Smoothed, applied to Close price.
Fractals
-
Default MT4 Fractal indicator.
Used to confirm swing highs and lows.
Helps with entries, exits, and stop placement.
Currency Pairs (Volatile).
Time Frames
-
M3 / M5 → Scalping
M15 → Intraday trading
H1 or higher → Swing trading
Always confirm the higher timeframe trend before trading lower timeframes.
Trading Rules
1. Trend Identification
Bullish Trend
-
Price is above the 50, 100, and 200 MA.
Moving averages are aligned upward.
Pullbacks respect the 21 or 50 MA.
Bearish Trend
-
Price is below the 50, 100, and 200 MA.
Moving averages are aligned downward.
Pullbacks respect the 21 or 50 MA.
Trend-Following Rules
BUY (Trend Continuation)
Conditions:
-
Overall trend is bullish
-
Price pulls back to 21 or 50 MA
-
A bullish fractal forms near the MA
-
Entry after bullish candle close
-
Stop Loss below:
-
Recent swing low
Or below the 50 MA
-
-
Take Profit:
-
Previous high
Or fixed RR (1:2 or 1:3)
-
Visual confirmation:
Blue arrows (fractals) forming near moving averages in an uptrend.
SELL (Trend Continuation)
Conditions:
-
Overall trend is bearish.
-
Price retraces to 21 or 50 MA.
-
A bearish fractal forms near the MA.
-
Entry after bearish candle close.
-
Stop Loss above:
-
Recent swing high
Or above the 50 MA.
-
-
Take Profit:
-
Previous low.
Or fixed RR.
-
Visual confirmation:
Red arrows (fractals) forming near moving averages in a downtrend.
Counter-Trend Rules (only for expert)
Counter-trend trades are advanced and should be taken only at key levels.
Counter-Trend BUY
Conditions:
-
Strong bearish trend;
-
Price reaches 100 or 200 MA;
-
Long rejection wick or exhaustion candle;
-
Bullish fractal appears;
-
Entry on confirmation candle;
-
Tight Stop Loss below recent low;
-
Small Take Profit (scalp only).
Counter-Trend SELL
Conditions:
-
Strong bullish trend;
-
Price touches 100 or 200 MA;
-
Rejection from MA;
-
Bearish fractal appears;
-
Entry on confirmation candle;
-
Tight Stop Loss above recent high;
-
Conservative target
Counter-trend trades should always have smaller position size and quick exits.
Conclusions
The Carter MA Strategy is a powerful and visually clear trading system that combines.
Used consistently, this strategy can provide high-probability setups across different market conditions and timeframes.
291# Megatrend Forex Scalping
Magatrend and Fip lines
Submit By Danny 15/02/2013
This is an trend following scalping system based on the indicator megatrend.
Time Frame 5min
Megatrend Forex Scalping Metatrader Indicators:
Indicator settings FIP_LINE default ;
ZIG ZAG POINTER default;
MEGATREND (hull moving average) PERIOD = 50 ;
Pivot.
RULES
Buy
FIP_LINE show trend up ;
wait for MEGATREND to change color (red to blue) to up, after FIP_LINE show trend up ;
Buy only whe the bar open above the pivot levels.
Sell
FIP_LINE show trend down ;
wait for MEGATREND to change color (blue to red) to down:
Sell only whe the bar open below pivot levels.
Exit Position
Repaintig zig zag pointer does not go to next candle support or resistance;
levels pivots has been reached;
Profit Target Predetermined : EUR/USD 8 pips, GBP/USD 9-10 pips, AUD/USD 6-7 pips.
In the pictures Megatrend Forex Scalping in action.

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