Most individuals who should not into foreign currency trading consider that foreign currency trading is something that may be very difficult and only the intellectually gifted can do. While it’s true that foreign currency trading does require a certain degree of intellect to find a way to know properly, however it is de facto not that difficult. Foreign currency trading isn’t exclusive just for the intellectually gifted individuals who could understand quantitative evaluation, macroeconomics and finance. Although many big banks do trade in that manner, retail traders could actually make do with easy trading strategies. It isn’t our job to guess the fair price of a forex pair. It’s our job to become profitable by following the flow of the market. We could leave the fair price guessing to the large banks and just follow the cash. Easy trend following strategies can accomplish this quite easily.
One in all the only types of trading strategy is the moving average crossover strategy. This trading strategy trades on trend reversal signals based on the crossing over of moving average lines. Nonetheless, it has fallen out of fashion because many newbies would follow these signals blindly with none regard for other signals. If used with the correct complementary moving averages and together with other signals, whether price motion or indicator based, crossover strategies can still do wonders.
TSR Big Trend – Slope Direction Line
TSR Big Trend or Slope Direction Line is a custom trend following indicator which is predicated on a modified moving average.
The TSR Big Trend indicator is a long-term moving average line which plots a smooth line which is less at risk of price spikes. It follows price motion at a substantial distance allowing it to handle price spikes more effectively.
The TSR Big Trend line changes color indicating the direction of the trend based on the slope of the road. A lightweight blue line indicates a bullish long-term trend bias, while a tomato coloured line indicates a bearish trend bias.
TSR Signal Line – Signal Line
TSR Signal Line or Signal Line is one other custom trend following indicator which is predicated on a modified moving average line.
While the Big Trend line is indicative of a longer-term trend, the TSR Signal Line represents a shorter-term trend. This moving average line attempts to retain smoothness with the intention to avoid false signals, yet it’s also very conscious of price motion. This creates a line that hugs price motion more closely.
The TSR Signal Line also changes color to point the trend direction based on the slope of its line. A lime line indicates a bullish trend bias, while a red line indicates a bearish trend bias.
TSR Execute Line – Execute Line
TSR Execute Line or Execute Line can be a custom trend following indicator based on the identical family of moving average lines.
While the Big Trend line is indicative of the long-term trend and the Signal Line is indicative of a shorter-term trend, the Execute Line represents the immediate movement of price motion. This line may be very conscious of short-term price movements allowing it to point the direction of the short-term momentum.
This line also changes color to point the direction of the short-term momentum. A yellow Execute Line indicates a bullish short-term momentum, while a magenta line indicates a bearish short-term momentum.
Trading Strategy
Big Trend Execute Signal Forex Trading Strategy is an easy trend following strategy based on the crossing over of the above-mentioned group of custom moving average lines. Nonetheless, as an alternative of taking every crossover signal produced by the indicator, we are going to only be trading momentum candles.
The Slope Direction Line shall be used to assist us discover the direction of our trade based on the long-term trend. This is predicated on the placement of price motion in relation to the Big Trend Line in addition to the colour of the road.
The trade signals will then be generated based on the crossing over of the Signal Line and the Execute Line. The colour of the lines also needs to agree with the direction of the crossover. This is able to allow us to align the immediate short-term momentum, short-term trend, and the long-term trend.
The signals produced by the crossing over of the 2 lines also needs to be in confluence with a momentum candle. This is able to indicate a robust momentum pushing within the direction of the long-term trend.
Indicators:
- (T_S_R)-Execute Line
- (T_S_R)-Signal Line
- (T_S_R)-Big Trend
Preferred Time Frames: 15-minute, 30-minute, 1-hour and 4-hour charts
Currency Pairs: FX majors, minors and crosses
Trading Sessions: Tokyo, London and Latest York sessions
Buy Trade Setup
Entry
- Price motion ought to be above the Big Trend line.
- The Big Trend line ought to be light blue.
- The Execute Line should cross above the Signal Line.
- The Execute Line ought to be yellow.
- The Signal Line ought to be lime.
- The crossover ought to be in confluence with a bullish momentum candle.
- Enter a buy order on the confirmation of those conditions.
Stop Loss
- Set the stop loss below the entry candle.
Exit
- Set the take profit goal at 2x the chance on the stop loss.
Sell Trade Setup
Entry
- Price motion ought to be below the Big Trend line.
- The Big Trend line ought to be tomato.
- The Execute Line should cross below the Signal Line.
- The Execute Line ought to be magenta.
- The Signal Line ought to be red.
- The crossover ought to be in confluence with a bearish momentum candle.
- Enter a sell order on the confirmation of those conditions.
Stop Loss
- Set the stop loss above the entry candle.
Exit
- Set the take profit goal at 2x the chance on the stop loss.
Conclusion
This easy trading strategy is a working trading strategy. If utilized in the correct trending market, this trading strategy could produce high probability trade setups that ought to earn you double your risk on every winning trade.
Trading this strategy ought to be done on clear yet fresh trends. You wouldn’t wish to take a trade on a trend that’s long overdue for a reversal.
It is usually best to make use of sound money management techniques when trading this strategy, comparable to moving the stop loss to breakeven at any time when possible.
Forex Trading Strategies Installation Instructions
Big Trend Execute Signal Forex Trading Strategy is a mix of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to remodel the accrued history data and trading signals.
Big Trend Execute Signal Forex Trading Strategy provides a chance to detect various peculiarities and patterns in price dynamics that are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
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Find out how to install Big Trend Execute Signal Forex Trading Strategy?
- Download Big Trend Execute Signal Forex 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 should test your forex strategy
- Right click in your trading chart and hover on “Template”
- Move right to pick Big Trend Execute Signal Forex Trading Strategy
- You will note Big Trend Execute Signal Forex Trading Strategy is accessible in your Chart
*Note: Not all forex strategies include mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.
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