Trend Following Systems, Free Forex Systems (MT4)

IJO Abang System

IJO Abang has been developed with a combination of multiple momentum-based indicators and oscillators. This combination enables this system to establish a trend following trading strategy that generates the trade signals, plots key market levels and the exit signals as well. The application of this system is so simple that traders with any level of experience can apply it for trading at the markets.

IJO Abang can be applied to trade all kinds of forex currency pairs available around the financial market. Furthermore, this system fits with all sorts of timeframe charts within the Metatrader 4 trading platform.

IJO Abang Overview

After the installation of IJO Abang at the MT4 terminal, your trading chart will appear like the following image:

IJO Abang System Overview

IJO Abang Anatomy

IJO Abang System Anatomy
  • Non-Lag MA 9 & Price Channel Stop V1: These two indicators used to intersect each other in order to produce the crossover trend signals. Non-Lag MA 9 moves above the Price Channel Stop V1 is considered as the bullish crossover signal and an opposite scenario represents the bearish crossover signal of the market trend.
  • Pivot Levels: Pivot Levels are very important because these levels are often treated as the support/resistance of the market. Moreover, Pivots can also be used to determine possible trade exit or take profit levels for any open trade positions.
  • RSX: RSX is a momentum-based oscillator. Its value turns positive when the momentum is bullish and turns negative in order to represent the bearish momentum of the market.
  • Flat Trend: This tool has been added as a filter of the trade signals generated by other indicators of this system. It must be turned green before you go for a long entry. Flat Trend in red color represents the validity of the short entry signals.

IJO Abang: Trade conditions

Buy Entry

IJO Abang Buy Entry

 Non-Lag MA moves above the Price Channel Stop V1

  • Price is supported by the Pivot Levels
  • RSX plots bars with positive values
  • Flat Trend turn green
  • Buy triggers when all of the above conditions are met
  • Set stop loss below the Price Channel Stop V1 level
  • Exit long/take profit whenever Non-Lag MA moves below the Price Channel Stop V1

Also Read: The Best Forex Strategy

Sell Entry

IJO Abang Sell Entry
  • Non-Lag MA moves below the Price Channel Stop V1
  • Price is resisted by the Pivot Levels
  • RSX plots bar carrying negative values
  • Flat Trend turn red
  • Sell triggers when all of the above conditions are met
  • Set stop loss above the Price Channel Stop V1 level
  • Exit short/take profit whenever Non-Lag MA moves above the Price Channel Stop V1

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.

2 thoughts on “IJO Abang System”

  1. Hello! I’ve downloaded it to my download folder, then to the Desktop, but am having trouble moving it into my MT4 platform. Can you assist?

  2. I have downloaded the system, put the Template file in my MT4 template folder and the Indicators in the MT4 indicators folder. The system name appeared in my Navigator window, but when I dragged it onto my chart and opened it all I got was the template, without indicators.
    Thanks. I’m very interested in trying this.


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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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