Free Forex Systems (MT4), Trend Following Systems

TFS Bitcoin Trading System MT4

TFS Bitcoin Trading System MT4 is a brilliant Bitcoin trading system built for MT4 users. If you are a crypto lover this indicator should help you make good money. Basically it’s a technical trading strategy. When it comes to crypto trading, their market is driven by news a lot. If you are a purely technical trader you may not need to look at all that news. Important events create trends in market whether up or down. And as a hardcore trend following trader I don’t want you to miss any trends like that. And this Bitcoin trading strategy is all you need to catch the trend of the bitcoin.

TFS Bitcoin Trading System Overview

TFS Bitcoin Trading System MT4 Overview
TFS Bitcoin Trading System MT4 Overview
Time Frame Currency Pairs Number of Indicators Ratings
H1, H4, and Daily BTCUSD 4 9.8/10

 When you run the template if all indicators do not load, please drag the indicators from navigator window (Ctrl+N) to the chart window. You can use this strategy to trade BTCUSD on H1, H4, and Daily time frame. It has 4 indicators in it. Based on the results from back testing and optimization this trading strategy has got 9.8/10.

TFS Bitcoin Trading System MT4 Anatomy

TFS Bitcoin Trading System Anatomy
TFS Bitcoin Trading System Anatomy

Moving Averages

There are three moving averages used in this trading system. I believe moving averages are the best trend following indicators till today. In this trading strategy you will find combination of three moving averages. When green moving average is at the top, it’s an up trending market and when the green moving average is below the other, it’s a down trending market.

TFS Bitcoin

TFS Bitcoin is a momentum indicator which will tell you the momentum of the bitcoin market. Basically when this indicator is in positive territory, it’s a buy signal and vice versa.

TFS Bitcoin Trading System: Buy Parameters

TFS Bitcoin Trading System Buy Parameters
TFS Bitcoin Trading System Buy Parameters
  • Market should cross above all the moving average.
  • TFS Bitcoin indicator should rise to the positive territory.
  • Place your buy position when all of the above conditions are met.
  • Set your stop below the recent support level.
  • Take your profit when green moving average crosses below other moving average.

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TFS Bitcoin Trading System: Sell Parameters

TFS Bitcoin Trading System Sell Parameters
TFS Bitcoin Trading System Sell Parameters
  • Market should cross above all the moving average.
  • TFS Bitcoin indicator should rise to the positive territory.
  • Place your buy position when all of the above conditions are met.
  • Set your stop below the recent support level.
  • Take your profit when green moving average crosses below other moving average.

 

Free Download Entropy and Alligator Trading System
Free Download Entropy and Alligator Trading System

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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which 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.