Forex Trend & Breakout System thoroughly studies the market trend and identifies possible breakout opportunities within the trend directions. This trading system uses only three indicators in order to signal plot trade signals in a very simple manner with the greater confluence. Because of its simplicity of use, newbie traders can easily involve in trend following trading activities by applying it in the real markets.
Forex Trend & Breakout System can be applied to trade all kinds of forex currency pairs available in the financial markets. Furthermore, this indicator works in all sorts of timeframe charts offered by the Metatrader 4 trading platforms.
After the installation of Forex Trend & Breakout System at the MT4 terminal, your trading chart will appear like the following image:
Forex Trend & Breakout System Anatomy
HBH: This indicator works in quite a similar way to another famous trend-based indicator “Heiken Ashi”. It turns blue when the trend is bullish and turns red to signal the bearish trend of the market.
Bands Stop: B. Bands Stop determines the possible swing level of the current market trend. It turns blue and appears below the price bars are considered as the bullish trend of the market. Contrarily, it turns red and appears above the price bars to represent the bearish status of the current market trend.
HBF: It has been added as a filter to validate the trade signals generated by HBH and B. Bands Stop. HBF turns blue carrying a positive value means the validity of the buy entry signals. On the other hand, it turns red with a negative value represents the confirmation of sell entry signals.
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.
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.
Compared to Trillion System, with both on default settings, this one is a wee bit inaccurate.