Yang Trader with TMA CG Madlen Strategy For MT4
Table Of Contents:
- Yang Trader with TMA CG Madlen Strategy For MT4
- Yang Trader With TMA CG Madlen trading system – Long positions
- Yang Trader With TMA CG Madlen trading system – Short positions
- Is the Yang Trader With TMA CG Madlen trading system good for trading?
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 Yang Trader with TMA CG Madlen Strategy For MT4 is a trading system that is ideally suited for both beginners as well as professional traders. This trading system comes packed with just two custom indicators called as the YangTrader Main and the YangTrader oscillator.
Despite these custom oscillators, they resemble a smaller period smoothed moving average and a momentum based indicator. So firstly, we should mention that traders should not fall into the trap of this being some kind of a holy grail indicator just because of the custom indicators used.
Secondly, the buy and sell signals might look simple in hindsight, but trading the Yang Trader With TMA CG Madlen trading system takes a bit of practice and of course, lots of patience. As mentioned, the Yang Trader With TMA CG Madlen inclines more toward the swing trading setup side. But of course, you could use this trading system as a scalping strategy as well as long as you stick to the intraday charts.
In this article about the Yang Trader With TMA CG Madlen trading system, we will give an outline on how you can trade with this trading system in the medium term. We will be basing the Yang Trader With TMA CG Madlen trading system on a one-hour chart. But you could extend this into a four hour chart time frame as well. When trends are strong, we see that the Yang Trader With TMA CG Madlen trading system can be quite lucrative.
This trading system is so simple that it can be used by absolute beginners but also by professionals as well. Given the few number of indicators at play, we recommend that you also apply concepts of price action techniques such as support and resistance and so on in your trading approach. This will greatly improve the odds of your trading and can help you to become a more confident trader.
Many a times, traders make the mistake of falling into the belief that the more indicators there are, the bigger the chances of them winning all the time. But this is not entirely true. Therefore, if you are looking for a trading system, then the Yang Trader With TMA CG Madlen is a good starting point.
Yang Trader With TMA CG Madlen trading system – Long positions
The first step in starting out to trade with the Yang Trader With TMA CG Madlen trading system is to apply the template onto your charts. Then, you will see the main indicator which looks like a moving average on your price chart and the oscillator.
Once these two are set up, you will also see arrows plotted on your chart. For started, we recommend not to pay too much attention to these arrows. Firstly, for long positions, wait for price to plot an upward pointing arrow.
This should ideally occur near the bottom, meaning that there should be a well established downtrend previously. Following this, wait for the Yang trader custom oscillator to start pushing higher. Depending on the market trend and intensity, sometimes you can take a long position right after the yang trader oscillator moves above the 35-level.
But in some instances, you might want to wait until the oscillator moves above 80. Once you take a long position after the above conditions are met, you then place your stop loss at the nearest low. For the take profit levels, you can use a fixed risk to reward set up. Alternately, hold on to your long position as long as the Yang trader oscillator remains above the 80 level. This suggests that the uptrend is strong and that price can continue to push higher.
When you see that the oscillator is starting to slope lower and is breaking out from the 80 level, exit your position.
Yang Trader With TMA CG Madlen trading system – Short positions
Short positions are the exact opposite of the long position. Here, you can either wait for the previous trend to be up, or you could enter in the middle of the trend. The above chart for the short position describes just that. Once you see the downward sloping red arrow, look to the yang trader oscillator.
We want the Yang trader oscillator to be sloping from above the 80 level. This suggests that the momentum is to the downside. Identify the candlestick where you see these conditions forming and then go short on the open of the next candlestick.
You can set your stop loss just a few pips above the previous high that was formed. If you want, you could also use the yangtrader’s level on the price chart as a place where you can set your stop loss.
Because this is a trend based trading system, you have the choice to either go for a fixed risk to reward set up, or alternately, ride out the downtrend. But beware that in real time, it can be difficult to ascertain the trend. Therefore, be careful and adjust your stops as and when possible so that you do not end up giving the profits that you already made.
You can also book profits when you see the yangtrader oscillator moving up from above the 35 level on the indicator.
Is the Yang Trader With TMA CG Madlen trading system good for trading?
Overall, we find that the Yang Trader With TMA CG Madlen to be a rather simple but robust trading system. As a trader, if you want to learn how to trade with minimal assistance, then this is a good trading system to use. But don’t be fooled by its simplicity. The yang trading system with mdalen basically incorporates trend and the trend strength.
Thus, if you like trend based trading strategies, the yang trading system with mdalen will not disappoint you at all. As outlined, this trading strategy can be applied ideally to the 1-hour chart and upwards. The higher the timeframes that you use, the more longer you will have to hold your positions.
Traders can also experiment with the Yang Trader With TMA CG Madlen trading system in terms of applying multi timeframe methods. This way, you can look to build up positions in the direction of the main trend and able to trade more effectively.
Download the complete system description and the files here: