Forex Trend Catcher strategy MT4 is a tremendous trend following strategy which is designed with a combination of some powerful and effective moving averages with various parameters and MACD as well. It also assists its users to detect market watch areas by producing dynamic support/resistance levels.
Forex Trend Catcher strategy is very much easier to read comparing to other trend following strategy. The only thing you’ll have to focus on is how the moving average based signals to be followed with the co-relation with other trend based indicators. Newbie traders might find it worthy enough to give it a try. It fits with any currency pair chart and applicable to any time frame window.
Forex Trend Catcher strategy Overview
After the installation of this system at your mt4 platform, your chart will appear as the following image:
| Time Frame | Currency Pairs | Indicator Factors | Ratings |
| Any | Any | 6 | 9.8/10 |
Forex Trend Catcher strategy Anatomy
- MA High & Low: These are 35 period moving averages based on price bar high and low respectively. Price closes above their levels when it is a bullish trend and if closes below the levels is interpreted as bearish trend.
- SMA: This is a 35 period simple moving average based on price close. Price above its level signals uptrend and below the level indicates downward momentum of the market.
- SMA Set: It is a set of simple moving average from 2 to 8 periods. In case of bullish trend smaller period moving averages stays upper than larger period moving averages and if happens the opposite then the scenario represents the bearish trend.
- BBands: This indictor plots the dynamic stop level that assists the traders to update their stop loss positions according to price movement levels.
- MACD: It is a well known momentum based indicator. Its positive value indicates the bullish momentum and negative value represents the bearish momentum.
Recommended Trend Following Indicator: Trend Focus Indicator
Forex Trend Catcher strategy: Buy Parameters
- Price bounces upwards from MA Low and closes above MA high and SMA level
- SMA Set signals bullish trend
- BBands appears below the price level
- MACD generates a positive value
- Stop loss below the current price range or the BBands level
- Take profit whenever price closes back in between MA High & Low
Forex Trend Catcher strategy: Sell Parameters
- Price bounces downwards from MA High and closes below MA low and SMA level
- SMA Set signals bearish trend
- BBands appears above the price level
- MACD generates a negative value
- Stop loss above the current price range or the BBands level
- Take profit whenever price closes back in between MA High & Low
Free Download Forex Trend Catcher strategy MT4
Download Trend Catcher Strategy
