Forex ART Trend Follower Strategy MT4 is mostly simplified but a highly balanced trend based trading strategy. It became famous among trend followers because of its exactness in trend identification purposes. It defines the momentum, spots the market entry area and the possible exit levels with the guideline of its dynamic stop levels.
Forex ART Trend Follower Strategy can be applied on any currency pair chart and fits with all kind of time frame charts. Its simplicity of use offers newbie traders great opportunity to trade with the trend with better harmony and steady trade winning results.
Forex ART Trend Follower Strategy Overview
After the installation process at your mt4 terminal, your chart will appear as the following image:
| Time Frame | Currency Pairs | Indicator Factors | Ratings |
| Any | Any | 6 | 9.7/10 |
Forex ART Trend Follower Strategy Anatomy
- ATR Stops: These levels plot they dynamic support and resistance level throughout the chart. Traders can update or adjust their stop loss position based on its levels.
- ATR Mid Channel: It is a trend identifying dynamic average level plotted based on past price movement data. Price bar closes above its level signals bullish trend and closes below its level indicates the bearish trend.
- PSAR V2: It appears as a series of colored dotted lines. It plots above or below the price bars depending on the trend direction.
- Histo Bands: This is a momentum based oscillator. Its value positive indicates the bullish momentum and a negative value represents the bearish momentum itself.
- CCI: Commodity Channel Index is a well known trend based oscillator. A rising CCI value indicates a bullish trend and a falling CCI value signals the bearish trend as well.
- TSI: Trend Swinging Indicator identifies the possible areas where the trend changes its directions. It signals trend swing levels by just changing its color appearance.
Recommended Strategy: Best Forex Trading Strategy Ever
Forex ART Trend Follower: Buy Parameters
- Price is supported by ATR Stops
- Price bar closes above the ATR Mid Channel
- PSAR V2 appears below the respective price bar
- Histo Bands generates a positive value
- CCI value rising
- TSI changes its current color pattern
- Stop loss below the ATR Stops or the respective signaling bar
- Exit long whenever the system generates the bearish trend signals
Forex ART Trend Follower: Sell Parameters
- Price is rejected from ATR Stops to downwards
- Price bar closes below the ATR Mid Channel
- PSAR V2 appears above the respective price bar
- Histo Bands generates a negative value
- CCI value falling
- TSI changes its current color pattern
- Stop loss above the ATR Stops or the respective signaling bar
- Exit short whenever the system generates the bullish trend signals
Free Download Forex ART Trend Follower Strategy MT4
