Your support is fundamental for the future to continue sharing the best free strategies and indicators.


817# Euro Smart Lite

Simple Trend Following System Multi Time Frame

Spearman pre smoothed with SMA

Submit by Xavier Fonseca

 

Euro Smart Lite is a classic trend following trading system based on an complex indicatoe formeda by more indicators trend following.

 

Eurosmart Lite is a smart indicator of detecting trends, contains 3 intelligences. .1 intelligence detects trends, 2. filter trend on the indicator can function to eliminate false signals, 3. indicator supply and demand for exit signal. This indicator allows you to open trading easily and accurately. all indicator features are easy to use and easy to understand.

Parameters:

  • Trend Alert = Send alert to buy signal, sell signal, and exit signal

  • Send email = Send email alert to buy signal, sell signal, and exit signal

  • Trend Filter= indicator values to filter market trends

  • period supplaydemand = value of supplay and demand indicator

  • Automatic CandleSize = the size of the candle automatically

  • Manual CandleSize = the size of the candle manually.

  • BUY_Color = color for buy signals

  • Exit_Buy_Color =color for Exit Buy signals

  • SELL_Color =color for Sell signals

  • Exit_Sell_Color =color for Exit Sell signals

  • Supplay color = color for supplay zone

  • Demand color = color for demand zone

Trading Rule:

  • Open BUY : if candle color :green (previous candle: Teal) and filter color : green

  • Exit BUY : if candle color: red and filter color: Red

  • Open SELL : if candle color : red (previous candle: Teal) and filter color: Red

  • Exit SELL : if candle color: green and filter color : green

  • Time Frame recomended: M15, M30, H1, H4

  • Trading Sesion : London Market and US market

  • Stop Trading : Sideway market, ECB News and NFP

Suitable for trading types:
1. Scalper trader: use TF m15/M30 to Entry trade and look at TF H1 to check major trand.
2. intraday trader : use TF H1 to Entry trade and look at TF H4 to check major trand.
3. Swing Trader: use TF H4 to Entry trade and look at TF D1 to check major trand.

 

I have add an other filter Spearman pre smoothed but it is optional.

In the pictures Euro Smart Lite in action.

Euro Smart Lite
Euro Smart Lite
Euro Smart Lite
Euro Smart Lite
Euro Smart Lite
Euro Smart Lite
Euro Smart Lite
Euro Smart Lite

Telegram Channel: https://t.me/freeforexresources

Euro Smart Lite
euro smart lite.rar
compressed file archive 177.5 KB

Share your opinion.

Comments: 1
  • #1

    Luiz (Sunday, 22 March 2020 21:09)

    Hi
    Can we use this template with Renko?
    Can verify and adapt this strategy for Renko?

https://www.forexstrategiesresources.com/.../463-paint-bar-forex-metatrader- indicator/
Thumbnail image
463# Paint Bar Forex Metatrader Indicator. Pips 4 Idiots Color Indicator. Submit by Frank 21/07/2013 (Written by Joe Simpson). Time frame 1H and 4H. Currency  ...
https://www.forexstrategiesresources.com/.../Better_Volume_Indicator.pdf?t...
Thumbnail image
File Format: PDF/Adobe Acrobat
13 Apr 2009 ... The Better Volume indicator also comes in a PaintBar version, so you can see the coloring on the price bars themselves. The table above is a ...
https://www.forexstrategiesresources.com/patterns-forex.../4-key-reversl-bar/
b) After a bearish Key Reversal with the Slow Stochastic in overbought territory, sell short at the lowest low of the last four bars minus one point. Long and Short ...
https://www.forexstrategiesresources.com/metatrader.../art-of-forex/
Thumbnail image
8 Dec 2012 ... Art Of Forex. Share your opinion, can help everyone to understand the forex strategy.
https://www.forexstrategiesresources.com/.../459-auto-trade-fusion-filtered/
Thumbnail image
NO3 (RSI paint bar 4 periods), optional,. NO (combo filter) optional,. DNC ( locKback 20 period),. Trend Magic. Auto Trade signal ( indicator based on signal  ...
https://www.forexstrategiesresources.com/volatility.../13-atr-filtered-strategy/
Thumbnail image
Price above Begashole trend indicator (optional). Barbarian buy arrow. ATR Mastic Sc (paint bar) green color. ATR Mastic A gold histogram > Histogram blue.
https://www.forexstrategiesresources.com/.../183-1-min-scalping-trendfollowing/
Thumbnail image
183# 1 min Scalping Trend Following. Submit by Maximo Trader 01/02/2012. Time Frame: 1 Minute. Currency pairs: Major. Forex Indicators: 25 period ...
https://www.forexstrategiesresources.com/trading.../347-arno-forex-trendfollowing-method/
347# Arno Forex trend following Method Trading System. Submit by ketang 04/06 /2012. Long-term Goal. ○ Belajar disiplin. ○ Kuasai dulu candle stick formula.
https://www.forexstrategiesresources.com/trading.../525-pivots-trendfollowing-forex-system/