Momentum Fast Trading Strategy For MT4

Momentum Fast Trading Strategy For MT4

Table Of Contents:

  1. Momentum Fast Trading Strategy For MT4
  2. The Momentum Fast Trading Strategy For MT4 – Long positions
  3. The Momentum Fast Trading Strategy For MT4 – Short positions
  4. Is the Momentum Fast Trading Strategy For MT4 profitable?


Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.


The Momentum Fast Trading Strategy For MT4 is the trading system that follows the concept of trend following. Therefore, while you are able to trade on the very short term timeframes the holding periods for your trades can greatly increase this makes it a hybrid trading system which can be used as a swing trading strategy as well therefore traders need to understand this before reading further.

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The momentum fast trading strategy makes use of total of seven indicators. These indicators are a mix of both the standard indicators such as the moving averages as well as some custom indicators. We find that there is a lot of reliance on the nihilist trend filter indicator. The first indicator that is used in the momentum fast trading strategy is called the laguerre filter indicator. This indicator acts as the long term moving average. When price is trading below this indicator, the markets are determined to be bearish. Likewise, when price is trading above this indicator, the markets are determined to be bullish.

In the first sub window of the momentum fast trading strategy, we have the FX sniper indicator. This is a custom indicator which basically works like an oscillator. The histogram moves above and below the zero line and indicates the short term shifts in the market momentum. What is unique about this indicator is the fact that you can confirm the short term reversals within the longer term trend.

Traders can therefore use this indicator to pick turning points in the price. Finally, moving onto the three sub windows of the momentum fast trading strategy we have three identical indicators. These are the trend filter indicators. You will notice that not all the indicators are always In Sync. And when they are in sync, they tend to lag quite a bit.

Therefore, traders should not entirely rely upon confirmation from these three indicators. When you are trading and waiting for a signal, you can look to these three indicators in the sub window. It does not matter if these three indicators give you the confirmation bias. However, on the other hand if you are waiting for the trading signal and you see that there is a confirmation by us from these three indicators that is well and good.

Let's now take a look at how you can use these indicators to trade with the momentum fast trading strategy.



The Momentum Fast Trading Strategy For MT4 – Long positions




For long positions using the momentum fast trading strategy, we wait for the uptrend to form. This uptrend is determined by price action trading above the yellow line. It is recommended that you wait for a retracement to happen. This is where you will see price dipping back to the yellow line.

At the same time, you will also see that the FX sniper indicator will also make a low. You can now take a long position when price breaks the previous high that is formed. Set your stop loss to the low that formed when price dipped back to the yellow line.

Because this is a trend following strategy, there are two ways that you can set your take profit levels. The first is by looking at the trend itself. If the slope of the yellow line is higher, then you can trade your stop loss along this line. Be sure to book profits at regular intervals. you should also ensure to move your stop loss to the break even levels at regular intervals.



The Momentum Fast Trading Strategy For MT4 – Short positions




For short positions using the momentum fast trading strategy, we wait for the down trend to form. This down trend is determined by price action trading below the yellow line. It is recommended that you wait for a retracement to happen. This is where you will see price rising back to the yellow line.

At the same time, you will also see that the FX sniper indicator will also make a high. You can now take a short position when price breaks the previous low that is formed. Set your stop loss to the high that formed when price rose back to the yellow line.

Because this is a trend following strategy, there are two ways that you can set your take profit levels. The first is by looking at the trend itself. If the slope of the yellow line is higher, then you can trade your stop loss along this line. Be sure to book profits at regular intervals. you should also ensure to move your stop loss to the break even levels at regular intervals.



Is the Momentum Fast Trading Strategy For MT4 profitable?


Momentum fast trading strategy is a fairly reliable trading system. Although it makes use of a couple of custom indicators, this trading system is visually appealing. The charts are not at all cluttered and the price trends are easy to be determined.

The trading template that comes with the momentum fast trading strategy is also lightweight. This means that you can use multiple charts to monitor different instruments of your choice. You can also expand this trading system as a medium term to long term swing trading strategy.

The profits that can be generated from using the fast momentum trading strategy is basically determined on the traders themselves. This is a trading system which looks very simple but requires a lot of experience in order to be successful trading with the strategy. Great potential to make consistent profits by using this trading strategy.

We do not see any need for further customizing the momentum fast trading strategy or by adding additional indicators. This trading system can also be easily applied by complete beginners to forex trading.

It can offer a great way for beginners to understand how to trend trade the markets. The use of the oscillators can also help traders in fine tuning this trading strategy. For example, traders can pick turning points in price within the trend. This can lead to a very robust trading strategy.

Download the complete system description and the files here:

FREE Momentum Fast Trading Strategy

Download the FREE Momentum Fast Trading 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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