427# Trend Rider Trading System

Trend Following System

Trend Rider Trading System
Trend Rider Trading System

Sumit by Monks 03/02/2013

 

Trend Rider Trading System uses three different indicators:

• TD 2 Indicator

• TD 3 Indicator

• StopLoss Indicator

 

LONG ENTRY RULES

• Enter a LONG position when all following

conditions are met:

• TD 2 indicator is BLUE and just changes its

color from RED to BLUE

• TD 3 indicator is BLUE and just changes its

color from RED to BLUE

SHORT ENTRY RULES

• Enter a SHORT position when all following

conditions are met:

• TD 2 is RED and just changes its color from

BLUE to RED

• TD 3 indicator is RED and just changes its color

from BLUE to RED

 

STOP LOSS

• Use the value suggested by the StopLoss

Indicator

 

Trend Rider Trading System
Trend Rider Trading System

EXIT RULES

• There are two ways to exit your trade

• Use take profit level as suggested by the

StopLoss Indicator

• Exit when the system shows a reversal signal

EUR/USD Short Trade Example

• In this example, we are going to trade

EUR/USD pair. The timeframe used is 4-H.• As we can see from the screenshot above, the TD

3 Indicator turned from BLUE into RED. At the

same time, the TD 2 indicator also changed its

color from BLUE to RED. This was possibly a very

good set up for SHORT entry. So, on the opening

of the next candle, we entered a SHORT trade at

1.3762.

The StopLoss Indicator showed the suggested stop loss was 35 pips above the entry

point and so we set stoploss at 1.3797.

• The trade went down strongly in our favor direction. When the system generated a reversal signal, we exited our SHORT position at 1.3452 and got 310 pips in profit.

Comments: 3
  • #3

    Farhad (Monday, 19 August 2019 20:05)

    Hi, is there td2 and td3 indicators for mt5?

  • #2

    blue girl (Monday, 24 September 2018 23:21)

    repaint and do not use it!!
    some people sell it to anyone for 90 $ !!!!
    oh my GOD

  • #1

    catador4255 (Wednesday, 26 June 2013 04:22)

    Don't bother trying it!!! TD2 and TD3 repaint closed bars of the histogram...


trendrider.zip
Forex Trading System:trendrider.zip
trendrider.zip
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