Trend Following Systems, Free Forex Systems (MT4)

WAMA Forex System

WAMA Forex System is one of the most favorite trend-following Forex trading systems to its users.  Besides its best Forex trend indicator ‘Signal Mantapz’, it also uses dual-channel EMAs and world-famous MACD as the trend filter. Such a combination has made this indicator more competitive and a better performer in the live market.

WAMA Forex System can be traded at any timeframe chart and can be adjusted with any Forex currency pair. Hence, from newbies to experienced professionals, anybody can be benefited from this proven and progressive Forex System.

WAMA Forex System Overview

Once you are done with the installation of the WAMA Forex System at your Forex MT4 terminal, your trading chart should appear like the following image:

WAMA Forex System
Time FrameCurrency PairsIndicator FactorsRatings
AnyAny49.8/10

WAMA Forex System Anatomy

WAMA Forex System Anatomy
  • 80 EMA (High & Low): This system uses a dual channel of 80-day period Exponential moving Average based on both high and low of the previous closing prices. This channel work as a trend border. Price holding above the channel signals the bullish trend and holds below the channel when the trend is bearish.
  • MACD: A widely known Forex momentum indicator. A positive MACD value signals the bullish momentum and a negative value represents the bearish momentum as well. The more it moves away from its zero/neutral level the better strength it signals of the respective momentum.
  • Signal Mantapz: This is a special trend addition to the system and its job is to filter the trend signal with its own analysis. Its bars turn blue initiated with a blue dot confirms the bullish trend. On the other hand, a red dot following series of red bars validates the bearish thrust of the market.

Have a Look at: Best Forex Trading System

WAMA Forex System: Buy parameters

WAMA Forex System Buying Parameters
  • Price closes and holds above the 80EMAs (both High & Low)
  • MACD turns above its zero/neutral level carrying a positive value
  • Signal Mantapz bars turn blue which is initiated with a blue dot
  • A bullish candle is formed at the same time
  • Trigger the buy order when all the above conditions are met
  • Set stop loss below the low of the respective bullish bar
  • Exit long/take profit whenever Signal Mantapz plots the red dot followed by the red bars as well

WAMA Forex System: Sell parameters

WAMA Forex System Selling Parameters
  • Price closes and holds below the 80EMAs (both High & Low)
  • MACD moves below its zero/neutral level carrying a negative value
  • Signal Mantapz bars turn red which is initiated with a red dot
  • A bearish candle is formed at the same time
  • Trigger the sell entry when all the above conditions are met
  • Set stop loss above the high of the respective bearish bar
  • Exit short/take profit whenever Signal Mantapz plots the blue dot followed by the blue bars consecutively

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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.