Free Forex Systems (MT4), Trend Following Systems

Easy Forex System

Easy Forex System is a combination of market trends, event levels, and trade signals. It applies 5 key forex trading indicators to make a solution that is able to guide a trader all the way during trading in the market.

These tools plot the signals in a pretty simple way so that everybody is able to master the trading system.

Easy Forex System allows you to trade any forex currency pair you like within the market.

However, as a scalping system, it only suits with shorter timeframes like M1 to M15 charts within the MT4 trading platform.

Easy Forex System Overview

After you’re done with the installation of the System on your MT4 terminal, your chart will appear like the following image:

Easy Forex System Overview

Easy Forex System Explanation

Easy Forex System Explanation
  • NonLag Dots: It signals the current momentum of the market. It uses the past 20 day-period of price data and transforms it into momentum signals by plotting colored dots at the main chart window. It is green when the momentum is bullish and turns red in case of bearish momentum.
  •  20 & 50 SMA: These are the 20 and 50-day period Simple Moving Average, used to plot crossover signals by intersecting each other. 20 SMA is greater than 50 means the trend is bullish and if opposite then the trend is considered as bearish.
  • Sweet Spot: It is often referred to as an auto-support/resistance indicator. It closely monitors the last 500 price bars in order to find the possible swing levels of the market. Its levels are quite static but work great if applied as a short-term support/resistance indicator.
  • NonLag Alerts: This indicator simply tells you the summary of the system signals. For example, an upward arrow below the price bar means most of the indicators of the system are signaling for a possible bullish move of the market.

Easy Forex: Buy Conditions

Easy Forex Buy Parameters
  • 20 SMA is greater than 50 SMA
  • Price is supported by Sweet Spot level
  • NonLag Dot is green
  • NonLag Alert plots an upward arrow billow the current price candle
  • Buy triggers when all of the above conditions are met
  • Set stop loss below the 20 SMA
  • Exit long/take profit whenever NonLag Alert plots a red arrow above the price candle

Easy Forex: Sell Conditions

Easy Forex Sell Parameters
  • 50 SMA is greater than 20 SMA
  • Price is resisted by Sweet Spot level
  • NonLag Dot is red
  • NonLag Alert plots a downward arrow above the current price candle
  • Sell triggers when all of the above conditions are met
  • Set stop loss above the 20 SMA
  • Exit short/take profit whenever NonLag Alert plots a blue arrow below the price candle

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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