Twin Blade Trading System MT4 is a swing trading and scalping forex trading system. It is a trend following trading strategy. What I love the most about this forex trading strategy is that it has strong filtering mechanism. But on the other hand there are also possibilities for lot of whipsaws if you do not know how to pick the right signals from bad ones. Hence, it is advised to study these filtering indicators very carefully. The charts look clean and trading signals are clean if you learn to filter out the noise.
Twin Blade Trading System Overview
After you install Twin Blade Trading System in your MetaTrader 4 platform, your chart should look like this:
|Time Frame||Instruments||Number of Indicators||Ratings|
|M5, M15, H1, and H4||Fx Majors and Commodities||5||9.8/10|
Twin Blade Trading System can be used as scalping system as well as swing trading strategy. Time frame ranges from M5 to H4. This system should be used in Fx maor pairs and in commodities. Commodities market tend to trend better. Although there are many indicators used in Twin Blade I believe that only 5 our critical for decision making.
Twin Blade Indicators Overview
|Main Chart Window||Indicator Window 1||Indicator Window 2||Indicator window 3|
|Heiken Ashi Twin blade||Traders Dynamic Index||i-Trend||Status monitor|
• Heiken Ashi Twin Blade
In place of ordinary candlesticks, Heiken Ashi chart is used in this strategy. The green bars indicate bullish market sentiment while the pink bars indicate bearish.
You can see pink and green arrows on the main chart window. Green arrows indicate buying while pink arrows indicate selling.
• Traders Dynamic Index
Traders Dynamic Index comprises of two oscillators. When green oscillator is above pink, it is a positive signal and vice versa.
i-trend indicator also comprises of green and pink oscillators but its filtering parameters are quite useful as it smooth out the short term fluctuations.
• Status Monitor
Status Monitor is not a technical indicator but it displays the stats about the market like, spread, swap, lo sizes, and leverage.
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Twin Blade Trading System: Buying Parameters
- Heiken Ashi Twin Blade bars should be green.
- A green arrow should appear below the market rate.
- Green oscillator of Traders Dynamic Index indicator should be above the pink oscillator.
- Green oscillator of i-Trend indicator should be above pink oscillator.
- Buy at the market rate when above conditions are met.
- Put your stop loss below the recent support level.
- Book your profit when you see a pink arrow above the market price.
Twin Blade Trading System: Selling Parameters
- Heiken Ashi Twin Blade bars should be pink.
- A pink arrow should appear above the market rate.
- Pink oscillator of Traders Dynamic Index indicator should be above the green oscillator.
- Pink oscillator of i-Trend indicator should be above green oscillator.
- Sell at the market rate when above conditions are met.
- Put your stop loss above the recent resistance level.
- Book your profit when you see a green arrow below the market price.