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Simple forex trend indicators

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Description

There are 4 different templates available depending on your risk appetite.
FXTF_DT1 (Daytrading Template 1) – is the safest. The risk is small, the entry is a bit slow, but they filter more signals than others. Choose this template if you want smaller but more certain profits.

FXTF_DT2 (Day Trading Template 2) – the signals are more balanced (they are in the “middle” in terms of risk and reward). Select this for a typical day trade.

FXTF_SC1 (Scalping Template 1) – The first scalping template provides a quick entry with medium risk. This is very useful for typical scalping (risk is balanced).

FXTF_SC2 (Scalping Template 2) – is the most aggressive template. It provides faster signals and increases risk. Choose this option only if you are an experienced trader or have spent enough time on the trading system.

3. System overview The system consists of three parts. The first one is the market sentiment and the entries determined by the bottom indicators.

Simple forex trend indicators Simple forex trend indicators

Buy trade rules 1. Blue background 2. Blue signal.

The background changes dynamically according to market sentiment. If you see a blue background, wait for a blue signal. This is a valid buy signal. When a valid signal is generated, you will receive an alert with the currency pair symbol and time range.

Sell trade rules 1. Red background 2. Red signal.

The background changes dynamically according to the market sentiment. If you see the background in red, wait for a red signal. This is a valid sell signal. When a valid signal is generated, you will receive an alert with the currency pair symbol and time range. 5.
5. Stop Loss. Where to place a stop loss. SL orders should be placed at: – the last swing high (for sell trades) or the last swing low (for buy trades)
– You can also place your SL orders at the nearest support/resistance level or round number level (if closed).

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