Free Forex Systems (MT4), Trend Following Systems

True Point Trading System

True Point Trading System follows a trend following the forex trading strategy which includes MA crossovers, RSI, and ADX in the background. All its calculations of price data come out as trade signals by two simple indicators so that everybody can understand the signals and apply it for live trading purposes.

True Point Trading System can be applied to trade all kinds of forex currency pairs available in the market. Furthermore, this system suits all sorts of MT4 timeframe charts thus supports all types of trading styles.

True Point Trading System Overview

Install True Point Trading System on your MT4 platform. Once done, your chart should appear like the following image:

True Point Trading System Overview

True Point Trading System Explanation

True Point Trading System Explantion
  • True Point Signals: It uses a crossover signal between 5 and 10-day Simple Moving Averages. The crossover signals are plotted by the green/red arrows around the price bars. These arrows also point to the direction of the possible market momentum. If you’re looking for a trade entry, your trade direction must be matched with the direction of the arrow signals.
  • Trend Color Signals: This indicator is a combination of the Average Directional Index and the Relative Strength Index. It uses a 14-day period ADX and a 21-day period RSI for demonstrating the trend signals. It turns yellow when the trend is bullish and turns red to signal the bearish trend of the market.

Also Try: FXOpen Broker

True Point: Buy Conditions

True Point Buy Conditions
  • True Point Signals plot green arrows below the price candle and points upwards
  • Trend Color Signals plots yellow bars
  • A buy can be triggered when the above conditions are met at the same time
  • Set stop loss below the True Point Arrow
  • Exit long/take profit whenever True Point Signals plots a red arrow above the price candle

True Point: Sell Conditions

True Point Sell Conditions
  • True Point Signals plot red arrows above the price candle and point downwards
  • Trend Color Signals plots red bars
  • A sell can be triggered when the above conditions are met at the same time
  • Set stop loss above the True Point Arrow
  • Exit short/take profit whenever True Point Signals plots a green arrow below the price candle
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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.