The Rider Evo Forex System represents a versatile MT4 trading strategy that generates trend-following buy-sell signals in all market conditions.
This strategy suits both advanced and beginner-level forex and stock traders who weigh more on trend-oriented trading opportunities. Moreover, it works on MTF charts, enabling you to scan both day and intraday trade signals.
Rider Evo Forex System Overview
The Rider Evo Forex System includes multiple trend-following indicators such as Bar Trend, EMA Crossover Signals, Non-lag MA, and RSI Divergence signal. Comprising such indicators in a single trading system creates a solid trading strategy.
Rider Evo Forex System Explanation
The bar trend shows possible price swing levels. The 13-period Non-lag MA signals the current market trend. Besides, the EMA Crossover applies 3 and 7-period exponential moving averages to plot trend reversal signals.
The Price Channel Stop indicator works as a dynamic support/resistance level. You can use it to anticipate potential price pullback zones and breakout levels.
Furthermore, this MT4 trading system also includes BBands Stop Bars to signal the strength/weakness of the current momentum. Also, the RSI Divergence Signal delivers bullish/bearish divergence alerts using arrow signals.
Rider Evo Forex System: Buy Conditions
- The Bar Trend signal appears below the price candle
- The Non-lag MA turns blue to signal a bullish trend
- The EMA Crossover Signal arrow points upwards, indicating a bullish trend reversal
- The price holds above the Price Channel Stop level
- The BBands Stop Bar keeps rising above the zero level
- The RSI Divergence plots an “up” arrow.
- Place SL below the current Price Channel Stop level
- Buy-exit on bearish EMA crossover signal
Recommended: Exness Review – Is it The Best Forex Broker?
Rider Evo Forex System: Sell Conditions
- The Bar Trend dot appears above the price candle
- The Non-lag MA turns red
- The EMA Crossover Signal arrow points downwards
- The price moves below the Price Channel Stop level
- The BBands Stop Bar continues to decline below the zero level
- The RSI Divergence delivers a “down” arrow.
- SL above the current Price Channel Stop level
- Exit short on bullish EMA crossover signal
