Trend Friend Follow Intraday System For MT4

Trend Friend Follow Intraday System For MT4

Table Of Contents:

  1. Trend Friend Follow Intraday System For MT4
  2. The Trend Friend Follow Intraday System For MT4 – Long positions
  3. The Trend Friend Follow Intraday System For MT4 – Short positions
  4. Is the Trend Friend Follow Intraday System For MT4 any good?


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 Trend Friend Follow Intraday System For MT4 is a trading system that is a short term scalping system. This trading system uses a mix of various indicators, some which are redundant. The main indicators used in the Trend friend follow intraday system comprises in total of six technical indicators.

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The first indicators on the price chart is the trend filter indicator. Not much is known about how this indicator works. When it comes to the settings, there is just one setting which allows you to change the visual settings. It is quite possible that you could simply remove this indicator as there is nothing to see on the price chart.

The next indicator on the price chart is called the pivots indicator. As the name suggests, this indicator is responsible for plotting the pivot levels on the price chart. The pivot levels are used for potential take profit or even entry into the trades.
Because of the pivot levels, the Trend friend follow intraday system is a short term trading system. Therefore, you can use this trading system only on the short term charts of less than one hour.

In the sub window, the first indicator is called the FXI trix indicator. This indicator is an oscillator that moves around the zero line. The up and down movements in the price trends is depicted by the Trix indicator moving above or below the zero line of the oscillator.

In the second sub window of the Trend friend follow intraday system, we have the STO JMA indicator. The JMA indicator is yet another oscillator that behaves similar to a regular oscillator. On top of this oscillator, we have the moving average indicator applied. The moving average indicator used is based of the 11 period smoothed moving average. The price is applied to the values of the STO JMA indicator.

Bullish and bearish signals are triggered when the moving average cuts above and below the JMA STO indicator. This indicator also acts as a potential trend filter indicator. This means that long positions can be taken only when there is a bullish moving average crossover and short positions can be taken when there is a bearish crossover of the moving average the JMO STO indicator.

In the final sub window of the Trend friend follow intraday system, we have the Trend friend follow indicator, from which the name of this trading system emerges. This is a multi time frame indicator and shows the trend strength of the indicator based off various time frames. Let's take a look at how you can take long and short positions using the Trend friend follow intraday system.


The Trend Friend Follow Intraday System For MT4 – Long positions




To take long positions using the Trend friend follow intraday system, we start by looking at price action making an uptrend. In an uptrend, prices tend to make higher highs and higher lows. Due to the fact that there are no indicators on the price chart, traders will need to make use of the price trends via the price action. However, you could also potentially make use of the moving average indicator as well.

Once you see that price is in an uptrend, the next step is to look at the TRIX indicator. When price is in an uptrend, the TRIX indicator should be trading above the zero line. Finally, based on the momentum from the TRIX indicator, we will then look to the JMA and the moving average settings.

Ideally, we want to see the moving average making a bullish crossover. Once all the indicators line up, you can take a long position at the market. Using the previous low, set your stop loss a few pips below levels.

Finally, calculate the risk and set your reward to three times the risk. Make sure to book profits partially and move your trade to break even.


The Trend Friend Follow Intraday System For MT4 – Short positions




To take short positions using the Trend friend follow intraday system, we start by looking at price action making a down trend. In a down trend, prices tend to make lower highs and lower lows. Due to the fact that there are no indicators on the price chart, traders will need to make use of the price trends via the price action. However, you could also potentially make use of the moving average indicator as well.

Once you see that price is in a down trend, the next step is to look at the TRIX indicator. When price is in a down trend, the TRIX indicator should be trading below the zero line. Finally, based on the momentum from the TRIX indicator, we will then look to the JMA and the moving average settings.

Ideally, we want to see the moving average making a bearish crossover. Once all the indicators line up, you can take a short position at the market. Using the previous high, set your stop loss a few pips above the levels.

Finally, calculate the risk and set your reward to three times the risk. Make sure to book profits partially and move your trade to break even.


Is the Trend Friend Follow Intraday System For MT4 any good?


The Trend friend follow intraday system is a short term trading system, that means that this trading strategy is ideally suited for short term trading only. Interestingly, while the trading system gets its name from just one indicator used, it is quite redundant.

The lack of any clear indicators on the price chart also makes this somewhat difficult especially for beginners to trade with this method. Therefore, traders need to rely on just the price action. However, you can make up for this shortfall, traders could use moving averages or other trend indicators on the price chart.

The trading template that comes with the Trend friend follow intraday system is quite light weight so you can use this to monitor multiple charts at the same time. While we can’t vouch for the effectiveness of trading with the Trend friend follow intraday system, this is one method that can be further customized.

Download the complete system description and the files here:

FREE Trend Friend Follow Intraday System

Download the FREE Trend Friend Follow Intraday System for MT4.

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