Forex Trend Rider Swing Trading Strategy
Forex Trend Rider Swing Trading Strategy:
Trend Rider Trading System uses three different indicators:
• TD 2 Indicator
• TD 3 Indicator
• StopLoss Indicator
LONG ENTRY RULES
• Enter a LONG position when all following
conditions are met:
• TD 2 indicator is BLUE and just changes its
color from RED to BLUE
• TD 3 indicator is BLUE and just changes its
color from RED to BLUE
SHORT ENTRY RULES
• Enter a SHORT position when all following
conditions are met:
• TD 2 is RED and just changes its color from
BLUE to RED
• TD 3 indicator is RED and just changes its color
from BLUE to RED
STOP LOSS
• Use the value suggested by the StopLoss
Indicator
EXIT RULES
• There are two ways to exit your trade
• Use take profit level as suggested by the
StopLoss Indicator
• Exit when the system shows a reversal signal
EUR/USD Short Trade Example
• In this example, we are going to trade
EUR/USD pair. The timeframe used is 4-H.• As we can see from the screenshot above, the TD
3 Indicator turned from BLUE into RED. At the
same time, the TD 2 indicator also changed its
color from BLUE to RED. This was possibly a very
good set up for SHORT entry. So, on the opening
of the next candle, we entered a SHORT trade at
1.3762.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Trend Rider Swing Trading Strategy?
- Download Forex Trend Rider Swing Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Trend Rider Swing Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
