188 Megatrend Trading System


 

Submit by Joy22

 

Time:Frame:15min, H1, 4H.

Currency Pairs: all.

 

Indicators:

Megatrend,

JRSX

FPL SR

 

Trading Rules

Long Entry

1 – Price Above RED moving average indicator ( Megatrend )

2 – JRSX Indicator showing RED line at or above 70 

 

Short Entry

1 - Price Below Green moving average indicator ( Megatrend )

2 – JRSX Indicator showing GREEN line at or below 30 

 

 


In the pictures Megatrend  forex system in action.

TARGETS and STOPLOSS

For Targets we are going to use support and resistance indicator. This indicator shows the major support and resistance over a specific period of time. For example: 7 days.

You can change the period used by the indicator from the settings window, if you like.

Green line = Sell trades target 

 

Red line = Buy trades target

Megatrend System
Forex Trading System
Megatrend System.rar
compressed file archive 4.2 KB

STOPLOSS

The recommended stop loss is the last support and resistance level. but if you don’t know how to trade with support and resistance, you can also use fixed number of pips for each trade.

Example:

For 15M and 30M time frames – 50 Pips

For 1H time frame - 75 Pips

For 4H time frame – 100 pips

While the system can be used with all time frames, The above are the recommended time frames.

 

 

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

Comments: 2
  • #2

    hassan (Friday, 15 April 2016 20:44)

    its looking great , Wanna Test it hopefully Not repaints...

  • #1

    Xoung (Friday, 27 March 2015 07:36)

    Nice indicator, awesome!!