Forex Triple Trender Trading System
Forex Triple Trender Trading System:
We enter long when all 3 lines turn blue and the Long/Short indicator bars are also blue. We enter short when all 3 lines turn red and the Long/Short indicator is also red. The blue arrows are all valid trades because of the rules outlined in (8.)(a.) below, the red arrows represent an invalid trade for the same reason.
We ONLY enter a trade short when ALL THREE trigger lines on
the chart change colour from white to red and the Long/Short indicator bars are also red. We ONLY enter a trade long when ALL THREE trigger lines on the chart change colour from white to blue and the Long/Short indicator bars are also blue. It is best to enter a long trade when the
blue bars are short, and a short trade when the red bars are tall, however, this does not invalidate the trade if all other entry conditions are met, it just means that the trade may not be as profitable. Enter with three lots – placing a stop loss in line with the most recent blue dot in a longtrade and in line with the most recent red dot in a short trade (using the rules formoney management).
Exit one lot if any of the trigger lines change to white (or your trailing stop is hit), exit another lot when one more of the trigger lines change to white. It will sometimes happen that one trigger line
changes colour and then changes back while the others don’t. This is a warning and change is usually imminent. If the line changes back to the same colour of the original trade, you can reenter and buy back that lot if ALL other entry conditions are met. If the Long/Short indicator changes colour during a trade, don’t worry, we only use it for entry. Please note that trading this way we DO NOT enter if the trigger lines
have been red or blue for a few bars and then the Long/Short indicator turns the same colour. We need the Long/Short indicator to be red or blue first
before the trigger lines change colour for a valid entry condition to be met. This is the safest way to trade the system.
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 Triple Trender Trading System?
- Download Forex Triple Trender Trading System.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 Triple Trender Trading System?
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”.