Free Forex Systems (MT4), Trend Following Systems

The Best Trading System

The Best Trading System has been named in such a way because of its tremendous scalping and intraday trading signals with a higher level of trading success in the Forex market.

Mostly scalpers are very busy analyzing various Forex currency pair charts at a time to find trade signals and this system does most of your works like finding the right trend direction, drawing trend lines and dynamic stop levels for your possible Forex trade entries.

The Best Trading System fits best with major Forex currency pairs and adjusts best with M15 trading charts. Newbie traders may find themselves some extra comfort in their regular Forex trading life by applying this best trading system in their chart.

The Best Trading System Overview

After a successful completion of installing  The Best Trading System  at your MT4 software, your trading chart should appear as the one shown in the picture below:

The Best Trading System
Time FrameCurrency PairsIndicator FactorsRatings
M15Major Pairs59.7/10

The Best Trading System Anatomy

The Best Trading System Anatomy
  • Upper & Lower Trend Line: These lines works as trend based resistance and support levels respectively which changes statically on the basis of price action signals. In case of a bullish trend this channel is plotted heading upward direction and plotted towards downward direction to represent a bearish trend.
  • Mid Trend Line: This level in between Upper and Lower Trend line has been used to find better confirmation about upcoming price movements. For example: In a bullish trend, if price breaks out above this level then it confirms the potentiality of price to touch the Upper Trend Line level.
  • BBand Stops: These levels work as dynamic stop levels for your trade entries. For long entry always put your stop limit below its levels and for short entry put the stop level above its levels. You can also update the stop levels based on BBand Stop level changes.
  • TLab CCI RSI: It is a combination of dual CCI levels along with RSI. CCI levels above zero level states the strength of the current trend (both bullish and bearish) on the other hand, RSI near 30 level signals the oversold condition of the market and near 70 indicates market is reaching at its overbought level.

Recommended Reading: The Best Forex Trading Strategies Ever

The Best Trading System: Buy Parameters

The Best Trading System Buy Parameters
  • A bullish price bar has been formed
  • The signaling bar is supported by the Lower Trend Line
  • BBand Stop level is plotted below the price level
  • RSI bounces to upwards from oversold levels
  • CCI levels are above zero parameter
  • Set stop loss below the BBand level
  • Exit long whenever price is rejected to go further upwards at the Upper Trend Line area

The Best Trading System: Sell Parameters

The Best Trading System Sell Parameters
  • A bearish price bar has been formed
  • The signaling bar is resisted by the Upper Trend Line
  • BBand Stop level is plotted above the price level
  • RSI bounces to downwards from overbought levels
  • CCI levels are above zero parameter
  • Set stop loss above the BBand level
  • Exit short whenever price is supported at the Lower Trend Line area
Free Download The Best Trading System

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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