Free Forex Systems (MT4), Trend Following Systems

Great Trend Trading System

Great Trend Trading System has been built with a combination of two indicators which plot simple crossover signals in order to identify the market trends and confirm trade entries. The signal demonstration process of this system is so simple that traders with any experience level can try and be benefited from it.

Great Trend Trading System can be applied to trade all kinds of forex currency pairs within the financial markets. Moreover, this system simply fits with all sorts of timeframe charts offered by the Metatrader 4 trading platform.

Great Trend Trading System Overview

Once you’re done with the installation of the System at the MT4 terminal, your trading chart will appear like the following image:

Great Trend Trading System Overview

Also Read: Exness Review and Ratings

Great Trend Trading System Anatomy

Great Trend Trading Anatomy

Trend Line & Trend Direction works together to produce crossover signals for confirming the market trend and the trade as well. Trend Line moves above the Trend Direction is considered as the bullish crossover thus signals the bullish trend of the market along with the confirmation to go for the long entries.

Contrarily, the Trend Line moves below the Trend Direction representing the bearish crossover trend signal and is considered as a green signal for going short. These crossover signals are represented by up/downward arrows by the system in order to make it easier to pick the correct signals. Both of these indicators also work as dynamic support and resistance levels. This feature helps traders to update the stop position of each market entry.

Great Trend Trading System: Buy Parameters

Great Trend Trading Buy Conditions
  • Price closes above both Trend Line & Tren Direction levels
  • Trend Line and Trend Direction produces bullish crossover signals and plots an upward arrow below the price bar
  • Buy triggers when the above conditions are met
  • Set stop loss below the Trend Direction Level
  • Exit long/take profit whenever a bearish crossover signal is plotted by a downward arrow above the price bar 

Great Trend Trading System: Sell Parameters

Great Trend Trading Sell Conditions
  • Price closes below both Trend Line & Tren Direction levels
  • Trend Line and Trend Direction produces bearish crossover signals and plots a downward arrow above the price bar
  • Sell triggers when the above conditions are met
  • Set stop loss above the Trend Direction Level
  • Exit short/take profit whenever a bullish crossover signal is plotted by an upward arrow below the price bar

Recommended Brokers

Share on:

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.

3 thoughts on “Great Trend Trading System”

  1. Hi Arun, this looks an interesting system. Thank you.
    I would like to try and get it programmed into an Expert Advisor.
    In order to do so, I expect a programmer (I’m not a programmer!) would need the .mql source file of the indicators rather than the .exe files.
    Do you have them, and would you be happy to share them?
    In return, I would send you a copy of the finished EA.
    Many thanks

    Reply
  2. Love all the information! Do you have any information and/or systems using Tillson indicators?
    I have heard a lot about a Better Tillson MA, wanted an unbiased opinion ! TX

    Reply

Leave a Comment

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.