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Trend Following Systems, Free Forex Systems (MT4)

Forex Diversity Trading Strategy MT4

Forex Diversity Trading Strategy MT4 has been widely admired by trend following traders across the global financial market. This strategy has been producing steady trend based trade signals over the years. The basic part is it uses very simple but powerful indicators to identify the trend correctly and define the market entry or exit points with better level of accuracy.

Forex Diversity Trading Strategy is very much easier to follow. From newbie to experienced ones, everybody can try this tremendous strategy to follow up the trend and make effective market entries at the same time. You can apply it on any forex currency pairs and it fits with all kind of time frames.

Forex Diversity Trading Strategy Overview

Once you are done with the installation process at your mt4 terminal, your chart should be appeared as follows:

Forex Diversity Trading Strategy
Time FrameCurrency PairsIndicator FactorsRatings

Forex Diversity Trading Strategy Anatomy

  • VQ Bars: This indicator appears as the main price bar. It is quite similar to another famous indicator Heiken Ashi. It turns white when the trend is up and turns red whenever the trend is down.
  • Trend Channels: This channel automatically defines the dynamic trend based support and resistance levels with the reference from previous price data.
  • TSR Levels: TSR stands for Temporary Support and Resistance. It helps traders to define possible swing levels to catch the trend with better confluence.
  • Awesome Oscillator: It is a momentum indicator. Its parameter above the zero level indicates the bullish momentum and a negative value represents the bearish thrust.
  • RSI Filter: It is a trend indicator. It is white when the trend is up and red bars signals the bearish trend eventually.

Recommended Strategy: Forex Blast RSI Trading Strategy

 Forex Diversity Trading Strategy: Buy Parameters

Forex Diversity Trading Strategy Buy Parameters
  • Price is supported by trend channels
  • TSR Level appears below the VQ Bars
  • VQ Bar turns white
  • Either Awesome Oscillator or RSI Filter signaling the bullish trend
  • Stop loss below the signaling VQ Bar
  • Take profit whenever any one of the oscillators signals the bearish momentum

Forex Diversity Trading Strategy: Sell Parameters

Forex Diversity Trading Strategy Sell Parameters
  • Price is rejected from the trend channels to the downwards
  • TSR Level appears above the VQ Bars
  • VQ Bar turns red
  • Either Awesome Oscillator or RSI Filter signaling the bearish trend
  • Stop loss above the signaling VQ Bar
  • Take profit whenever any one of the oscillators signals the bullish momentum
Download Diversity Forex Trading Strategy

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.