Forex Profit Trend Following System

Forex Profit Trend Following System is a forex trading strategy which is based on a trend following concept. This is one of the best free forex trading systems which can help a beginner trader help make money consistently if the system is used well. Everything is discipline when it comes to trading. Every trading system has its rules and it has to be followed in order to gain the consistency over the long term. There are many amazing free trading systems yet so many traders are not able to make money due to the lack of self-discipline within them.

 Forex Profit Trend Following System Overview

Time Frame

InstrumentsNumber of Indicators

Rating

5 Min- DailyAny Forex Pairs4

9/10

Once you get your system installed on your metatrader 4, your chart will look somehow similar to this:

Forex Profit System
Forex Profit System

Forex Profit Trend Following System Indicators

Forex Profit System
Forex Profit System

Forex Profit System Indicators

Main Chart

Indicator Window 1Indicator window 2

Forex Moon Secret

VQzz-15

VQzz-240

Turtle Channel

Moving Average

As you can see above the Forex Profit Trend Following Forex Trading system uses five technical indicators altogether.

  • Forex Moon Secret

Forex Moon Secret is one of the major indicators of this trading system. The candle bars which you see on the main chart are the forex moon secret indicator. These bars are quite different from the ordinary bars. These bars are formed based on average closing prices. This indicator helps you to filter out the noise of the market and give you clear picture of the overall trend of the market.

  • Turtle Channel

This is the second most important indicator of this trading system. The blue and red line which appears below or above the market is Turtle indicator. When the Turtle channel indicator is blue, it indicates bullish market and when the turtle indicator is red, it indicates bearish market.

  • Moving Average

Forex Profit Trend Following Forex Trading System uses 200-period moving average. This moving average helps you to identify the major trend of the market which helps you make sure that you don’t trade against the major direction of the market.

 

You Must Read: The Best Forex Trading Strategy Ever

 

Forex Profit Trend Following System: Buy Parameters

Forex Profit System Buy Parameters
Forex Profit System Buy Parameters
  • The currency pair should be up trending.
  • It has to be bouncing from the recent swing low.
  • The Forex Moon Secret Indicator (bars) should be green.
  • The Turtle Channel indicator should be blue.
  • The VQzz2 indicator should be green.
  • Currency rate should be above the 200-period simple moving average.
  • Place your buy order when all of the above parameters are met.
  • Place your stop loss below the most recent support level.
  • Take your profit when the Turtle Channel indicator turns red.

Forex Profit Trend Following System: Sell Parameters

Forex Profit System Sell Parameters
Forex Profit System Sell Parameters
  • The currency pair should be down trending.
  • Market has to be falling from the recent swing high.
  • The Forex Moon Secret Indicator (bars) should be red.
  • The Turtle Channel indicator should be red.
  • The VQzz2 indicator should be red.
  • Currency rate should be below the 200-period simple moving average.
  • Place your sell order when all of the above parameters are met.
  • Place your stop loss above the most recent support resistance level.
  • Take your profit when the Turtle Channel indicator turns blue.
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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which 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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