Free Forex Systems (MT4), Trend Following Systems

Measuring Cycle Periods

Measuring Cycle Periods is a trend-following forex trading system, developed with the blend of Ehler Spectrum & Dominant Cycle. Both of these indicators use a crossover formula but with different methods in order to detect the market trend.

A cross-check between the signals from these two indicators helps to increase the level of signal accuracy.

Measuring Cycle Periods can be applied to trade for both scalping and intraday/day trading purposes. In general, it suits all kinds of MT4 timeframe charts and can be used to trade all kinds of forex currency pairs.

Measuring Cycle Periods Overview

Download and install the Measuring Cycle Periods on your MT4 platform. Once you’re done, load it and find your trading chart like the following image:

Measuring Cycle Periods Overview

Measuring Cycle Periods Explanation

Measuring Cycle Periods Explanation
  • Ehler Spectrum: A crossover indicator with an exceptional look, used to identify the market trends. The yellow Ehler remains above the red Ehler to represent a bullish crossover, indicating the bullish trend of the market. An opposite crossover will be considered as the bearish trend signal of the market.
  • Ehlers Dominant Cycle: This is yet another crossover trend identifying tool used to filter the trade signals for greater perfection in performance. It uses a typical price average method in two different parameters, plots crossover between these two and signals for the market trends.

Continue Reading: Best Forex Strategy

Measuring Cycle: Buy Conditions

Measuring Cycle Buy Conditions
  • Yellow Ehler Spectrum moves above the red Ehler
  • Ehler Dominant Cycle also signals for the bullish crossover at the same time
  • A buy can be triggered when the above conditions are done
  • Set stop loss below the recent low of the market
  • Exit long/take profit whenever the system signals for a bearish crossover

Also Read: FXOpen Review

Measuring Cycle: Sell Conditions

Measuring Cycle Sell Conditions
  • Red Ehler Spectrum moves above the yellow Ehler
  • Ehler Dominant Cycle also signals for the bearish crossover at the same time
  • A sell can be triggered when the above conditions are done
  • Set stop loss above the recent high of the market
  • Exit short/take profit whenever the system signals for a bullish crossover

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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.