Forex Profit Trend Following System is a forex trading strategy that 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 disciplined when it comes to trading.
Every trading system has its rules and it has to be followed in order to gain consistency over the long term. There are many amazing free trading systems yet so many traders are not able to make money due to a lack of self-discipline within them.
Forex Profit Trend Following System Overview
|Instruments||Number of Indicators||
|5 Min- Daily||Any Forex Pairs||4||
Once you get your system installed on your MetaTrader 4, your chart will look somehow similar to this:
Forex Profit Trend Following System Indicators
Forex Profit System Indicators
|Indicator Window 1||Indicator window 2|
Forex Moon Secret
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 ordinary bars. These bars are formed based on average closing prices. This indicator helps you to filter out the noise of the market and gives you a clear picture of the overall trend of the market.
This is the second most important indicator of this trading system. The blue and red line which appears below or above the market is the Turtle indicator. When the Turtle channel indicator is blue, it indicates a bullish market and when the turtle indicator is red, it indicates a bearish market.
Forex Profit Trend Following Forex Trading System uses a 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.
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Forex Profit Trend Following 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.
- The 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
- The currency pair should be down-trending.
- The 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.
- The 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.