Free Forex Systems (MT4), Trend Following Systems

Mandrake Trading System

The Mandrake Trading System identifies trend-following buy-sell signals in MT4 platforms. It comprises numerous trend and momentum indicators that help the system determine solid trading opportunities in all market sessions.

Technically, Mandrake Trading System suits all MetaTrader 4 timeframes. So, you can concentrate on long-term opportunities and simultaneously scan day trading signals. Apart from expert professionals, beginners will also find this strategy useful for forex and stock trading.

Mandrake Trading System Overview

Mandrake Trading System sell signal

The Mandrake Trading System makes a unique combination of BB-HL (Bollinger Bands), Pivot Points, Heiken Ashi, EMA, and RSI-Van trend filters. These indicators togetherly provide a clear overview of the overall market trends.

Mandrake Trading System Explanation

Mandrake Trading System sell signal

The Mandrake Trading System uses the BB-HL bands to assess the dynamic S/R zones of the market. Look for long opportunities when the price rejects to exceed the higher band. Contrarily, consider short signals when the price rebounds from the lower BB-HL level. Besides, you can use Pivot Points to determine horizontal support/resistance levels.

The RSI-Van signals the changes in current market momentums. We’ll anticipate a bullish or bearish market trend depending on whether the indicator value is above or below the 50-level.

Before executing an entry, you can use the set of trend oscillators at the bottom that offers additional confirmations of the current market momentum. These indicators also identify trend reversal patterns that help make trade-exit decisions.

Mandrake Trading System: Buy Conditions

Mandrake Trading System sell signal
  • The price rebounds from the lower BB-HL Bands
  • The price also exceeds the 10 EMA
  • Heiken Ashi bars turn blue
  • RSI-Van is above 50
  • Stoch, CCI, and iTrend bars turn blue

Also Read: Exness Review – Is it The Best Forex Broker?

Mandrake Trading System: Sell Conditions

Mandrake Trading System sell signal
  • The price starts declining from the higher BB-HL Band
  • Also, the price moves below the 10 EMA
  • Heiken Ashi plots red bars
  • RSI-Van drops below 50
  • Stoch, CCI, and ITrend display red bars

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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