Best Trend Following System Forex

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Best Trend Following System Forex

Best Trend Following System Forex –  Hello friend of traders, on this occasion forextradingwin.com want to share with you about the Best Forex Trend Following System

I wait for a new pattern to emerge & then take a position. I trade on the everyday graphes and often remain in for 2-3 weeks depending the length of time the trend runs.

I determine a new fad using a combination of Bollinger Bands & Starc Bands (Stoller True Standard). Allowances for retracements are required to stay in the profession. I have guaranteed access & leave methods. I have been trading on this system for the last 3 years.

Best Trend Following System Forex

Photo 1

Best Trend Following System Forex

Best Trend Following System Forex

To start with I am constantly in with at the very least 3 currency pairs at any sort of one time. As I close positions, I might be opening brand-new ones. Due to the long term nature of my professions pip spreads are not important to me so I look for new pattern breaks amongst 17 odd currency sets. I trade mini whole lots, so it is absolutely nothing to be in with multiple money pairs. Likewise suitable for danger management as you don’t have all your eggs in one basket.

Incorrect indicators about 30 -40 %. Since I look at many money pairs I can afford to be fussy so my favorite rate is fairly high. I will just enter with the pattern when all requirements is in area.

Trend Following System

The RSI & STOCHASTICS are just nice to haves. Usually my stop loss is around 150 pips but tighten it to take me out when all set to leave. I make use of smaller period (30 mins) with the trend to locate the entry to the marketplace. The SMA & WMA I only make use of AS ONE OF THE SIGNS when I want to go out. I utilize the Bollinger/Starc breakaway to go into a trade.

My leaves are a bit more difficult. I have concerning 3 various methods for leave. I usually take the very first to appear or draw my block tight as well as let it run additionally if it wishes to. The nice feature of pattern trading, is that you don’t should be at the computer system all day long. 3 looks a day suffices.

Below is one of my exit approaches. When you get in a profession attract a yellow upright & straight line as per add-on. When the Bollinger line comes round as well as intersects the horizontal line, exit and also take revenue or wait up until the SMA & WMA cross at the bottom. There is an additional scenario I will clarify after this.

Photo 2

Best Trend Following System Forex

Best Trend Following System Forex

Both my Bollinger intersect with the straight yellow line or the SMA/WMA cross will certainly give you approx the exact same pip earnings in this circumstances 700 odd pips.

Nevertheless this is not a tough & rapid rule. Below is my various other leave technique which might take place 1st. When the leading Bollinger starts curving downwards the run is possibly starting to decrease, however not constantly. Less revenue readily available however revenue is profit if you do not feel comfortable trading much longer.

Photo 3

Best Trend Following System Forex

Best Trend Following System Forex

That’s about the Best Forex Trend Following System, if this article useful for you please share with your other friends.

Thanks all 🙂

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