Free Forex Systems (MT4), Trend Following Systems

Precise Signals for Trading

Precise Signals for Trading is a trend-following forex trading system that has been upgraded and balanced with both trend and momentum-based indicators. This combination has been proved as a successful forex trading strategy because of its proven backtest results and simplicity of use as well.

Precise Signals for Trading can be applied to trade all kinds of forex currency pairs available at the market. Besides, traders of any nature can be benefited from this tremendous forex trading system cause, it fits great with all sorts of timeframe charts at the MT4 trading platform.

Precise Signals for Trading Overview

After installing the Precise Signals for Trading at your forex MT4 terminal, your trading chart will appear like the following image:

Precise Signals for Trading
Time FrameCurrency PairsIndicator FactorsRatings

Precise Signals for Trading Anatomy

Precise Signals for Trading Anatomy
  • 6 and 30 LWMA: A 6 and 30-day Linear Weighted Moving Averages have been used to identify the crossover trend signals of the market. 6 LWMA is greater than 30 LWMA represents the bullish crossover and 30 LWMA moves above the 6 LWMA whenever there is a bearish crossover that signals the bearish trend of the market.
  • 2 MA: This is a 2-day Smoothed Moving Average. It has been used to identify short-term swing levels of the market trend. Price closes above its level mean the bullish continuation and close below the 2 MA means the possible initial stage of a bearish thrust.
  • Stochastics: A very much popular momentum indicator among professionals. Its value near 20 means the oversold condition of the market. It reaches above 80 represents the overbought condition of the market. 
  • Accelerator Oscillator: Works as a trend filter. Its value positive means it is validating the current market trend as bullish. A negative A.O confirms the continuation of the bearish thrust of the market.

Precise Signals for Trading: Buy Parameters

Precise Signals for Trading Buy
  • Price closes above the 2MA
  • 6 LWMA is greater than the 30 LWMA
  • Stochastics bounces upwards from its oversold area
  • Accelerator Oscillator remains positive
  • Buy triggers once all of the above conditions are met
  • Set stop loss below the 30 LWMA level
  • Exit long/take profit whenever price closes below 2MA of 6 LWMA

Precise Signals for Trading: Sell Parameters

Precise Signals for Trading Sell
  • Price closes below the 2MA
  • 6 LWMA is lesser than the 30 LWMA
  • Stochastics jumps downwards from its overbought area
  • Accelerator Oscillator remains negative
  • Sell triggers once all of the above conditions are met
  • Set stop loss above the 30 LWMA level
  • Exit short/take profit whenever price closes above 2MA of 6 LWMA

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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