Free Forex Systems (MT4), Trend Following Systems

Forex Trend Tracker Strategy MT4

Forex Trend Tracker Strategy MT4 is yet another trend following trading strategy which has been admired by a lot of trend loving traders around the global financial market. This strategy is completely moving average based. It uses a numerous number of exponential moving averages to track the trend and spot the market entry areas.

Forex Trend Tracker Strategy can be mastered by any level of traders who have a basic understanding on how the moving averages work. Newbie trend following traders are especially encouraged to apply this strategy for trading purposes. You’ll be able to use it for any currency pair and can match it with any time frame chart available in your mt4 terminal.

Forex Trend Tracker Strategy Overview

Once you are done with its installation at your mt4 trading software, when you load this system, your chart should be appeared as the following image:

Trend Tracker Strategy
Trend Tracker Strategy
Time FrameCurrency PairsIndicator FactorsRatings

Forex Trend Tracker Strategy Anatomy

Trend Tracker Strategy Overview
  • Fast EMA Set: It is a set of shorter day period of Exponential Moving Averages. These EMAs reacts very fast with the price actions and generates more trading signals than Slow EMAs.
  • Slow EMA Set: This is a set of longer period EMAs which reacts slower than Fast EMAs and produces lesser trade signals.
  • 3 EMA: It reads last 3 day period data to plot the moving averages. It produces EMA crossover signals with the collaboration of other EMAs at the chart.
  • 21 EMA: This one is a very effective EMA level. A 21 day period Exponential Moving Average is very much admired by professional day traders. Like 3 EMA it also produces crossover trend signals.
  • 55 EMA: It is the largest period EMA at this strategy. It is a very reliable trend signaling instrument for intraday and weekly traders.

Recommended Similar Strategy: Cornflower Trading Strategy

 Forex Trend Tracker Strategy: Buy Parameters

Trend Tracker Strategy Buy Parameters
  • 3 EMA crosses above the 21 and 55 EMA
  • Fast EMA Set crosses above the Slow EMA Set
  • The signaling bar must be closed above all EMAs
  • Stop loss below the respective signaling bar
  • Exit long whenever EMAs make opposite crossovers

Forex Trend Tracker Strategy: Sell Parameters

Trend Tracker Strategy Sell Parameters
  • 55 EMA crosses above the 3 and 21 EMA
  • Fast EMA Set crosses below the Slow EMA Set
  • The signaling bar must be closed below all EMAs
  • Stop loss above the respective signaling bar
  • Exit short whenever EMAs make bullish crossovers
Free Download Trend Tracker 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.
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