291# Wave Rider Forex Strategy

Janus Trader 2026

 

The Carter MA Strategy is a discretionary trading system for MetaTrader 4 (MT4) based on a combination of multiple moving averages and Fractals to identify trend direction, pullbacks, and reversal points.

This strategy is designed for volatile currency pairs, allowing traders to trade both trend continuation and counter-trend corrections with clear visual rules.
The examples shown in the charts (M5, M15) demonstrate how price reacts repeatedly to dynamic support and resistance created by the moving averages.

The system works well for scalping, intraday trading, and short-term swing trades, depending on the selected timeframe.

Indicator – Default Settings

Carter MA (Moving Averages)

Apply the following Moving Averages to the chart:

Moving Average

Period

Purpose

Fast MA

8

Short-term momentum

Medium MA

21

Pullback reference

Trend MA

50

Trend confirmation

Trend MA

100

Major trend filter

Long-term MA

200

Strong dynamic support/resistance

All moving averages should be Exponential (EMA) or Smoothed, applied to Close price.

Fractals

  • Default MT4 Fractal indicator.

    Used to confirm swing highs and lows.

    Helps with entries, exits, and stop placement.

Currency Pairs (Volatile).

Time Frames

 

  • M3 / M5 → Scalping

    M15 → Intraday trading

    H1 or higher → Swing trading

    Always confirm the higher timeframe trend before trading lower timeframes.

Wave Rider Forex Strategy
Wave Rider Forex Strategy

Trading Rules

1. Trend Identification

Bullish Trend

  • Price is above the 50, 100, and 200 MA.

    Moving averages are aligned upward.

    Pullbacks respect the 21 or 50 MA.

Bearish Trend

  • Price is below the 50, 100, and 200 MA.

    Moving averages are aligned downward.

    Pullbacks respect the 21 or 50 MA.

Trend-Following Rules

BUY (Trend Continuation)

Conditions:

  1. Overall trend is bullish

  2. Price pulls back to 21 or 50 MA

  3. A bullish fractal forms near the MA

  4. Entry after bullish candle close

  5. Stop Loss below:

    • Recent swing low

      Or below the 50 MA

  6. Take Profit:

    • Previous high

      Or fixed RR (1:2 or 1:3)

Visual confirmation:
Blue arrows (fractals) forming near moving averages in an uptrend.

SELL (Trend Continuation)

Conditions:

  1. Overall trend is bearish.

  2. Price retraces to 21 or 50 MA.

  3. A bearish fractal forms near the MA.

  4. Entry after bearish candle close.

  5. Stop Loss above:

    • Recent swing high

      Or above the 50 MA.

  6. Take Profit:

    • Previous low.

      Or fixed RR.

 

Visual confirmation:
Red arrows (fractals) forming near moving averages in a downtrend.

Wave Rider Forex Strategy
Wave Rider Forex Strategy

Counter-Trend Rules (only for expert)

Counter-trend trades are advanced and should be taken only at key levels.

Counter-Trend BUY

Conditions:

  1. Strong bearish trend;

  2. Price reaches 100 or 200 MA;

  3. Long rejection wick or exhaustion candle;

  4. Bullish fractal appears;

  5. Entry on confirmation candle;

  6. Tight Stop Loss below recent low;

  7. Small Take Profit (scalp only).

Counter-Trend SELL

Conditions:

  1. Strong bullish trend;

  2. Price touches 100 or 200 MA;

  3. Rejection from MA;

  4. Bearish fractal appears;

  5. Entry on confirmation candle;

  6. Tight Stop Loss above recent high;

  7. Conservative target

Counter-trend trades should always have smaller position size and quick exits.

Conclusions

The Carter MA Strategy is a powerful and visually clear trading system that combines.

 

Used consistently, this strategy can provide high-probability setups across different market conditions and timeframes.

Wave Rider Forex Strategy
Wave Rider Forex Strategy
Wave Rider Forex Strategy
Wave Rider Forex Strategy
Wave Rider Forex Strategy
Wave Rider Forex Strategy
Wave Rider Forex Strategy
Wave Rider Forex Strategy
WAVE RIDER.rar
compressed file archive 12.8 KB
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291# Megatrend Forex Scalping

Magatrend and Fip lines

Submit By Danny 15/02/2013

 

This is an trend following scalping system based on the indicator megatrend.

Time Frame 5min

 

Megatrend Forex Scalping Metatrader Indicators:

Indicator settings FIP_LINE default ;

ZIG ZAG POINTER default;

MEGATREND (hull moving average) PERIOD = 50 ;

Pivot.

 

RULES

Buy

FIP_LINE show trend up ;

wait for MEGATREND to change color (red to blue) to up, after FIP_LINE show trend up ;

Buy only whe the bar open above the pivot levels.

Sell

FIP_LINE show trend down ;

wait for MEGATREND to change color (blue to red) to down:

Sell only whe the bar open below pivot levels.

 


Exit Position

Repaintig zig zag pointer does not go to next candle support or resistance;

levels pivots has been reached;

Profit Target Predetermined : EUR/USD 8 pips, GBP/USD 9-10 pips, AUD/USD 6-7 pips.

 


 

In the pictures Megatrend Forex Scalping in action.

Megatrend Forex Scalping
Megatrend Forex Scalping
Megatrend Forex Scalping
Megatrend Forex Scalping
Comments: 0
Megatrend forex scalping
Trading System:t his is an trend following scalping system based on the indicator megatrend
Megatrend forex scalping.rar
compressed file archive 13.2 KB