703# Nihilist trend trading
Submit by Peco 30/08/2016
Nihilist trend trading
is a template of FF , it is beyond the time frame of the trading system (H4 week).
I did some performance of this system. Here we use the following indicators:
Review of systems
1.) Time Frame H4 / Daily / Weekly.
2.) Currency pair / metal either.
1 Histogram (ultra trend) - lime.
2 Histogram (utf-1) - lime or dodgerblue
3 histograms (utf-2) - lime or dodgerblue.
1 Histogram (ultra trend) - red.
2 Histogram (utf-1) - red or orange
3 histograms (utf-2) - Red or orange
5.) exit (buy / sell)
a.) after a decent profit (up to you)
b.) a trade as long as there is the opposite signal.
c.) the weekly support / resistance level can be used.
d.), you can use a trailing stop.
e) fixed or TP -. 50/100/150/200 / or more. (Read above as tf D1 & weekly.)
6.) We care a week's level of support / resistance / labels of Pivot. as well as the psychological round labels.
7.) SL - the last swing high (for short-term trading) / the last swing low (for trade).
8.) Stay sideline events during high impact news.
You are invited to demo trade first.
Wish you luck.
- The nihilist
What Nihilist_Ultra_ADX and how to use-
Nihilist ultra adx is a bar graph type indicator that is derived from the built in ADX MT4.
if you use a template, you will find 5 rows in the window with 4 colors, square blocks.
in 1st row - ADX 7 period.
2nd row - ADX 21 periods.
3rd row - ADX 42 period.
4th row - ADX 89 periods.
5th row - ADX 144 period.
let us know the color legend-
Lime - adx growing up-trend (active bullish movement)
DodgerBlue-adx reduced to a trend (bullish movement inactive or slow the bullish movement)
Red - adx growing downtrend (Active downward movement)
DarkOrange - adx decreases with downward trend (bearish movement inactive or slow downward movement)
How to use this kit ADXs-
if the 5 lines in a column indicates lime color, then it is very active bullish movement.
if 5 rows column shows red, it is very active bearish movement.
if every time frame (specifically M5 weekly tf) shows, lime or red, you can go to class 1 trade with the maximum lot size. This is a very powerful indicator, and it will never be redrawn after the close of the candle.
In the pictures Nihilist trend trading in action.