427# Trend Rider Trading System

Trend Following System

Trend Rider Trading System
Trend Rider Trading System

Sumit by Monks 03/02/2013

 

Trend Rider Trading System uses three different indicators:

TD 2 Indicator

TD 3 Indicator

StopLoss Indicator

 

LONG ENTRY RULES

Enter a LONG position when all following

conditions are met:

TD 2 indicator is BLUE and just changes its

color from RED to BLUE

TD 3 indicator is BLUE and just changes its

color from RED to BLUE

SHORT ENTRY RULES

Enter a SHORT position when all following

conditions are met:

TD 2 is RED and just changes its color from

BLUE to RED

TD 3 indicator is RED and just changes its color

from BLUE to RED

 

STOP LOSS

Use the value suggested by the StopLoss

Indicator

 

Trend Rider Trading System
Trend Rider Trading System

EXIT RULES

There are two ways to exit your trade

Use take profit level as suggested by the

StopLoss Indicator

Exit when the system shows a reversal signal

EUR/USD Short Trade Example

In this example, we are going to trade

EUR/USD pair. The timeframe used is 4-H. As we can see from the screenshot above, the TD

3 Indicator turned from BLUE into RED. At the

same time, the TD 2 indicator also changed its

color from BLUE to RED. This was possibly a very

good set up for SHORT entry. So, on the opening

of the next candle, we entered a SHORT trade at

1.3762.

The StopLoss Indicator showed the suggested stop loss was 35 pips above the entry

point and so we set stoploss at 1.3797.

• The trade went down strongly in our favor direction. When the system generated a reversal signal, we exited our SHORT position at 1.3452 and got 310 pips in profit.

trendrider.zip
Forex Trading System:trendrider.zip
trendrider.zip
Compressed Archive in ZIP Format 8.4 KB

Share your opinion, can help everyone to understand the forex strategy.

Write a comment

Comments: 1
  • #1

    catador4255 (Wednesday, 26 June 2013 04:22)

    Don't bother trying it!!! TD2 and TD3 repaint closed bars of the histogram...