190# Trends Trigger Fx
Find the trend
Trend following strategy
Submit by Moreno
Trends Trigger Fx is a trend following strategy based on trend indicators. This strategy is suitable for MT4 platform.In this strategy there are two ways to get into position the first one when an arrow appears the second and it is what I recommend is to enter when the price retraces on a band. This trading strategy can be used both for day trading and for swing trading.
Time Frame 30 min or higher.
Currency pairs: majors, minor Indices and Commodities.
Metatrader 4 indicators:
Profit Chnager display profit
VT Reloya 1.8
Banda de Cambio
Trading rules Trends Trigger Fx
Blue arrow and price above blue band. (first entry to the market).
When the price retrace on one of the two bands it enters into position. (This tactic has the advantage of decreasing risk, stop loss, and maximizing profit.
red arrow and price below blue band. (first entry to the market).
When the price retrace on one of the two bands it enters into position.
Initial stop loss below/above on the previous sswing high7low.
Profit target ratioo stop loss 1:1.15 to 3.
If the price doesn't track back, there will be other opportunities. keep in mind that the price retraces about 75% of the time.
In this case, being the risk / return ratio greater than or equal to 1: 1.5 as money managemkent we recommend the coumpoundig or pyramidal anti martingale.
Another filter technique that can be used in addition to retracement is to trade in the direction of the daily time frame or 4 hours.
In the picturtes Trens trigger Fx in action.
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