444#MTF SuperTrend Trading System
MTF Supertrend indicator combo
MTF Supertrend trading system is a pure trend following system, It's a combo strategy based on Supertrend indicator and exponential moving average 5 period.
This template is setting for 15 min time frame.
Currency pairs: majors, EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CAD, USD/JPY, GBP/JPY.
Metatrader indicators setting:
Supertrend clear (is required for MTF Supertrend);
MTF Supertrend (TF 60, CCI 60, ATR -1);
UP Down Indicator (HL 4 this is price action indicator and repaint);
Exponential moving average 5 period (median price).
Rules for MTF Supertrend trading System
SuperTrend MTF in sub window line color green;
SuperTrend clear on the chart line color green;
up down indicator dot color green;
If these conditions are agree long entry position when the price retraces on 5EMA.
SuperTrend MTF in sub window line color purple;
SuperTrend clear on the chart line color red;
up down indicator dot color red;
If these conditions are agree short entry position when the price retraces on 5EMA.
The same conditions but use Supertrend on chart, UP down and 5 Ema.
Initial stop loss on the previous high/low swing.
Profit Target 20-30 pips or make profit on the pivot points level.
In the picture MTFSupertrend in action.