5 Min blue Trend Rider Strategy For MT4

5 Min blue Trend Rider Strategy For MT4

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 5 Min Blue Trend Rider Strategy For MT4 is a designed to trade during the London and New York Trading Session. This system includes several indicators, including MACD, moving average, and Green, Yellow, and Red rainbow. Since some of the indicators might seem new to you, we suggest using this strategy in the paper trading account. Once you feel confident with this system, you may start trading in the real market.

Note that Green Yellow red Rainbow indicators define the direction of the trend in context to the FERRUFX tab. So, we should give priority to all the indicators reading while taking the trades.


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Elements of the 5 Min blue Trend Rider Strategy For MT4

Before we dive into the details, you should know that this system can be used to trade any financial instruments. But for safety and to keep the trading process easier, we should look for the trade signals in the major currency pairs only.

After installing the necessary indicators, the chart should look like this:


1. In the number 1 segment, you can see the FERRUFX shows the condition of the market from 1 minute to 4 hours. Moreover, it shows trend conditions based on MACD, ADX, Momentum, Moving Averages, etc. In the left section, the daily pivot point is shown. In the midsection, it shows the momentum of the price along with directions. 


2. In the number 2 segment, there are two indicators- Laguerre and Stochastic Histogram. The primary usage of these indicators is to measure the market momentum and overbought and oversold zone.

3. In the number 3 segment, MACD histogram data are shown with the green and red color arrow markings. These arrows are the primary indication of the trend change. On the other hand, the MADRO-9 gives us an indication regarding the market sentiment.

4. In the number 4 segment, we have the rainbow-colored in Green, Yellow, and Red. If the price is below the rainbow, you should be looking for the sell signal. On the contrary, if the price is above the rainbow, you should be looking for the buying signal.

 

5 Min blue Trend Rider Strategy For MT4


In this section, we will learn to analyze the reading in a sequential manner so that we can take the long and short trades.

Bullish Trade Setup




We should take the buy trade as soon as the following criteria are met:

1. In the Green Yellow Red Rainbow Indicator, the Green bands should be above the Red bands.
2. There should be a big green arrow in the main chart and a small green arrow in MACD.
3. MACD reading should be above the zero lines or the signal line should be crossing the zero line.
4. MADRO-9 should be green.
5. The stochastic Histogram should be above the zero lines or the signal line should be crossing the zero line.
6. 2 Blue Luggerre lines should be above the 0.15 to 0.25 area. Moreover, the Magenta line should crosses down the 0.25 to 0.15 area.
7. FERRUFX should green and the value should be higher than 75%.

Out of these 7 conditions, if 6 conditions are filled, we may take the long trade with low risk.

 

Stop loss: 

You may use the rainbow color band as a reference point to determine the stop loss. Since the price is trading above the rainbow band, it should act as a strong support level. While placing the stop, try not to risk more than 2% of your account balance. 

 

Take Profit:

To find the Take Profit zone, you should be analyzing the nearest resistance level. You may also use the most recent swing high to determine your exit point for the trade.

 

Bearish Trade Setup






1. In the Green Yellow Red Rainbow indicator, the Green bands should be below the red bands.
2. There should be a big red arrow in the main chart and a small red arrow in the MACD indicator.
3. MACD reading should be below the zero lines or the signal line should be crossing down the zero lines.
4. MADRO-9 should be red in color.
5. The stochastic Histogram should be below the zero lines or the signal line should be crossing down the zero lines.
6. 2 Blue Luggerre lines should be above the 0.85 to 0.75 area. The Magenta line should cross down the 0.75 to 0.85 area.
7. FERRUFX should be Red and the value must be higher than 75%.

Out of these 7 conditions, 6 conditions should be filled to take the short trade.

 

Stop loss: 

You may use the rainbow color band as a reference point to determine the stop loss. Since the price is trading below the rainbow band, it should act as a strong resistance level. 

 

Take Profit:

To find the Take Profit zone, you should be analyzing the nearest support level. You may also use the most recent swing low to determine your exit point for the trade.

 

Summary:

Those who have read this tutorial carefully, may not consider the 5 Min Blue Trend Rider Strategy For MT4, as a complex trading system. However, we recommend the new traders learn its functions in the virtual trading account. Unless you are satisfied with your demo trading performance, you should not use this strategy in the real market.

Note that, the use of complex indicators is not suitable for all. And this system also never gives the guarantee that you will make a profit from a certain trade. So, use this strategy with caution and trade with low risk so that you can withstand the losing trades smartly.

 

Download the complete system description and the files here:

FREE 5 Min blue Trend Rider Strategy

Download the FREE 5 Min blue Trend Rider 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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