206# Trend Forex Prox System
Pullback trading
Trend following strategy
Submit by Dimitri
Trend Forex Prox System is a trend following strategy based on the pullback.
The strategy is based on reading the medium-long term trend entering the pullbacks in the direction of the trend. So very simple but it can be interpreted with both stop loss and hedging.
Setup Strategy
Type of strategy: trend following.
Time Frame 1 min or higher.
Currency pairs: Volatility pairs
Indicator: customized Forex Prox.
Trend Forex Prox System employs its thoroughly tested adaptive market algorithms in order to determine the direction of the trend automatically. Hence, it will ALWAYS trade in the direction of the trend as per the algorithms.
Trend Forex Prox System offers two signal types:
1) Buy and Sell Signals for minor Pullbacks (small arrows)
2) Buy and Sell Signals for Major Pullbacks (large arrows)
The distinction is that: minor Pullbacks capture a smaller market retracement within the main trend and are designed to get you in the trend quickly if the market direction changes too fast. Therefore, they are far more aggressive. Major Pullbacks capture the larger, normal, market retracements within the main trend, and are far less aggressive.
Trend Type Algorithm Calculation Settings
In addition to offering 2 different signal types, Trend Forex Prox System offers the option to change its settings between a medium trend calculation algorithm and a large trend calculation algorithm. This is found in the indicator settings window, where the user can change the TrendType to a 1 (for medium trend calculation) or to a 2 (for long term trend calculation.
It is extremely useful to switch to TrendType 2 (Long term trend calculation) if you are looking to trade the longer term trend or are looking to adapt to a specific financial instrument or timeframe. Trend Type 2 (Long term trend calculation).
In the pictures example of trades.
