Power Forex Trend Following Strategy For MT4

Power Forex Trend Following Strategy For MT4

The Power Forex Trend Following Strategy For MT4 may be traded on the 15 minute and all the higher time frames across the forex market because all pairs are applicable for trading this well developed trend-following forex system.

FREE Power Forex Trend Following Strategy

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There are two EMAs used in this strategy - and they have period settings of 14 and 34 respectively. With these indicators, we are able to quickly detect which direction to trade in. The direction in which the 14 EMA crosses dictates to us the overall signal however we do need confirmation along with this general signal. That confirmation - in this case - comes through the use of the MACD indicator. We will be using the zero line and the histogram as a reference for our signals.

Trend-following can be difficult on your own if you do not have a proper trading strategy or system in place. Luckily for you, you are in luck because the system at hand is simplified and effective. Just observe the rules to the best of your abilities and then your chances of succeeding will be increased. The rules for opening short trades stipulates that you should wait for the 14-EMA to cross the 34-period EMA to the downside.

Secondly and lastly, the MACD indicator has to be below zero which means that the market is conducive for selling. Open your sell trade once these two conditions have successfully been met. Set your stop loss above or at the last previous swing high. Your take profit target will be below your entry - twice the distance that the stop loss is away from your entry position. The rules for opening long trades stipulates that you should wait for the 14-period EMA to cross the 34-period EMA to the upside.

Secondly and lastly, the MACD indicator has to be above zero which means that the market is conducive for going long. Open your buy trade once these two conditions have successfully been met. Set your stop loss below or at the last previous swing low. Your take profit target will be above your entry - double the distance that the stop loss is away from your entry position.

Download the complete system description and the files here:

FREE Power Forex Trend Following Strategy

Download the FREE Power Forex Trend Following Strategy for MT4.

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I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

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