199# Trend Arrow Strategy. Make 50 pips a day.
Trend Momentum Forex Strategy
Schaff Trend Cycle with Support and Resistance as filter
Submit by Leo
Trend Arrow Strategy is a trend momentum strategy based on indicators trend following and momentum indicators. The purpose of this trading system is to follow the market, I keep in mind the dynamics that influence its course such as its support and resistance levels.The arrow of this strategy is trend following but the indicator is not always followed because three filters are applied (Awesome, Accelerator, Schaff trend cycle pro). So when Arrow appears, you must verify that the conditions required to make a purchase or sale order have been met.
Time Frame 15 -30 -60 minutes.
Currency pairs: Major, Minor ad Indices and Commodities.
Metatrader 4 Indicators
Fractal support and resistance with button
SuperDem (RS zone)
Secret Profit Boost Arrow (13, 5, customized setup). When the signal is weak as indicated in the upper left corner of the screen do not get into position.
In Sub Window
Schaff Trend Cycle with Awesome and Accelerator
Trading Rules Trend Arrow Strategy
Candle price above support zone
Secret Profit Boost buy arrow
Schaff Trend Cycle green square
Awesome+Accelerator green color (optional).
Candle price below resistance zone
Secret Profit Boost sell arrow
Schaff Trend Cycle red square
Awesome+Accelerator red color (optional).
Important: do not enter the position if the arrow setup candle is near a resistance or support zone.
This is important because the set is slow and tries to get into position when the movement has begun.
Place initial stop loss below / above the previous swing high low.
Close the position at the opposite arrow or at the support and resistance levels.
Note, important. The main difficulty of this strategy, that is when to close a position on a support or resistance level or to follow the position. One solution can be to use a trend indicator such as ADX or RSIOMA.
The trading system is very neat simple to follow and easily recovers losses.
Examples of trades
Telegram Channel: https://t.me/freeforexresources