156# Simple Trend Strategy.

Xard777 Simple trend following

Day trading with ADR

Submit by Roby 2017

 

Simple trend strategy is a day trading system build by Xardd 777 for day trading based on ADR.

This system shows the entry points in relation of at the daily open line.

 

The key of this system is find the pairs with the best trend. For choice the currency pairs there is a great tool created by Xard777 the power dashaboard that shows the PFO and ADR for many pairs.

Time frame 30 min.

Currency Pairs: EUR/AUD, EUR/CAD, EUR/JPY, EUR/NZD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/USD, XAU/USD, UK 100, Dow 30, Nasdaq 100.

 

Metatrader Indicators:

Murrey Math lines,

Power Meter,

Breakout Box, (box period 16),

TFX 4 indicator

Xard777 paint bar ,

Sema 4 NRP,

Power Dashboard.

 

Trading Rules Simple trend strategy

Find the pairs for the best entries with Power Dashboard. Choice the pairs with pink amd blue dot and open the 30 min chart.

Buy

If the trend is Up place a pending order on the line open position UP.

Place initial stop loss below open line.

Make profit at the the ADR levels.

Sell

If the trend is Down place a pending order on the line open position DN.

Place initial stop loss above open line.

Make profit at the the ADR levels.

 

 

The Power Dashboard can be used also in other trend following or trend momentum strategies for find the best pairs for trading (thank a Xard777 for thi great tool)!!

In the pictures Simple trend strategy in action.

Simple Trend Strategy
Simple Trend Strategy
Simple Trend Strategy
Simple Trend Strategy
Simple Trend Strategy
Simple Trend Strategy

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

Comments: 0
Simple Trend Strategy
Simple Trend Strategy
Simple Trend Strategy.rar
compressed file archive 524.8 KB