Free Forex Systems (MT4), Trend Following Systems

Forex Kevinator Retracement Trading System MT4

Forex Kevinator Retracement Trading System MT4 is a super active retracement based system which has been specially developed for scalping purposes. Scalping is not a easy task and it is particularly suitable for experienced traders. But this strategy has tremendously been designed which is very easy to understand with a steady level of performance. Thus, it has enabled newbie scalpers to do the frequent trading task in a smart and effective way so that they can grow up their trading capital.

Forex Kevinator Retracement Trading Strategy uses TMA Bands and Retracement Finder to spot the entry/exit areas and the retracement levels respectively. As this strategy has specially designed for scalpers, it works best in M5/M15 timeframe charts and we recommend you to apply it only for major Forex currency pairs to avoid unusual volatility of the market.

Forex Kevinator Retracement Trading Strategy Overview:

Once you install this strategy in your mt4 system, your chart will appear as follows:

Kevinator Retracement Trading Strategy
Kevinator Retracement Trading Strategy
Time Frame Currency Pairs Indicator Factors Ratings
M5 & M15 Majors 2 9.8/10

Forex Kevinator Retracement Trading Strategy Anatomy:

Kevinator Retracement Trading Strategy Anatomy
Kevinator Retracement Trading Strategy Anatomy

 

  • TMA Bands: The upper band is the overbought level, lower band is oversold level and the middle band indicates the trend strength. Price above the middle band indicates bullish and below the band signals the bearish strength respectively
  • Retracement Finder: Retracement or pullback is a normal nature of price movements. This indicator signals when the retracement period is over and price is going to re-join the major trend so that traders can take the market entry decision based on possible upcoming momentum direction. Retracement Finder above zero level express bullishness and below zero signals bearishness of the momentum.

Forex Kevinator Retracement Trading Strategy: Buy Parameters

Kevinator Retracement Trading Strategy Buy Parameters
Kevinator Retracement Trading Strategy Buy Parameters
  • Retracement Finder is above zero level
  • Price is supported by Lower TMA Band
  • Buy triggers at the break of supported bar’s high
  • Set Stop Loss below the supported bar’s low
  • Take profit when price reaches the Upper TMA Band and Retracement Finder dives below zero level at the same time

Recommend: Forex Profit Trend Following System

Forex Kevinator Retracement Trading Strategy: Sell Parameters

Kevinator Retracement Trading Strategy Sell Parameters
Kevinator Retracement Trading Strategy Sell Parameters
  • Retracement Finder is below zero level
  • Price is rejected from Upper TMA Band
  • Sell triggers at the break of rejected bar’s low
  • Set Stop Loss above the supported bar’s high
  • Take profit when price reaches the Lower TMA Band and Retracement Finder jumps above zero level at the same moment

 

Free Download Kevinator Retracement Trading System
Free Download Kevinator Retracement Trading System
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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.