Free Forex Systems (MT4), Trend Following Systems

Satanic Forex V5

Satanic Forex V5 represents a versatile trading strategy that can be applied for both trend-following and swing trading purposes. Its price channel helps traders to find the possible swing levels of the market. This strategy also includes a unique crossover system for finding market trends.

Satanic Forex V5 can be applied to trade all kinds of forex currency pairs available online trading. Moreover, this flexible strategy suits all sorts of timeframe charts within the MT4 forex trading platform.

Satanic Forex V5 Overview

Once you’re done with the installation of Satanic Forex V5 on your MT4 terminal, your chart will transform like the following image:

Satanic Forex V5 Overview

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Explanation

Satanic Forex V5 Explanation
  • Snake & T3 EMA: Snake is a 6-day MA calculated based on the high-low method. It moves faster than T3 Exponential Moving Average. Snake is greater than T3 EMA is considered as the bullish crossover. For the bearish crossover signal, the Snake value must be lesser than T3 EMA.
  • Gelang Setan: Gelang Setan is a dynamic price channel, used to outline possible overbought/oversold area of the market. Its lower band represents the oversold level and the upper band as the overbought area of the market. While being on a trade, you can use these levels for determining the stop level of your market entry.
  • Jin Tomang: This indicator has been included for a better understanding of the crossover signals. Whenever there is a crossover between Snake and T3 EMA, it plots a dot around the price bar as a confirmation of the crossover signals.

Satanic Forex V5: Buy Condition

Satanic Forex V5 Buy Parameters
  • Snake moves above T3 EMA
  • Jin Tomang plots green dot below the price candle
  • Price hits the lower band of the Geland Setan
  • A buy can be triggered when the above conditions are done
  • Set stop loss below the lower band of Gelang Setan
  • Exit long/take profit whenever Jin Tomang confirms a bearish crossover

Also Read: Exness Broker Review

Satanic Forex V5: Sell Condition

Satanic Forex V5 Sell Parameters
  • Snake moves below T3 EMA
  • Jin Tomang plots red dot above the price candle
  • Price hits the upper band of the Geland Setan
  • A sell can be triggered when the above conditions are done
  • Set stop loss above the lower band of Gelang Setan
  • Exit short/take profit whenever Jin Tomang confirms 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.