Forex ART Trend Follower Strategy MT4

Forex ART Trend Follower Strategy MT4 is trend following system trading. It became famous among trend followers because of its exactness in trend identification purposes. It defines trend direction of market, spot the market entry area and exit levels with its dynamic stop levels.

Forex ART Trend Follower Strategy MT4 is suitable for any currency pairs and match for all kind of timeframe charts. Its simplicity of use and its easily of reading offers newbie traders to trade with the trend with better trade winning results.

After the installation at your mt4 terminal, your chart will appear as the following image

Forex ART Trend Follower Strategy MT4

INDICATORS

ATR Stops

It forming the line levels, these levels treated as dynamic support and resistance throughout the chart. Traders can update or adjust stop-loss position based on such levels.

ATR Mid Channel 

It is a trend identifying dynamic average level plotted based on past price movement data. If price bar closes above its level signals bullish trend and if closes below its level indicates the bearish trend is occuring.

PSAR V2

On chart this indicator appears as a series of colored dotted lines. It may be above or below the price bars depending on the trend direction.

Histo Bands 

This is a momentum oscillator, if positive value indicates the bullish momentum and a negative value represents the bearish momentum.

CCI

Commodity Channel Index is a well known trend based oscillator. A rising CCI value indicates a bullish trend and a falling CCI value signals the bearish trend as well.

TSI

Trend Swinging Indicator identifies the market where the trend changes its directions. It signals trend by just changing its color appearance.

Forex ART Trend Follower Strategy MT4 Indicators

RULE of Forex ART Trend Follower Strategy MT4

BUY Entry

• Price bars is above ATR Stops line
• Price bar closes above the ATR Mid Channel line
• PSAR V2 appears below the price bars
• Histo Bands value is a positive
• CCI value rising
• TSI changes its current color pattern
• Open Buy position when the parameters above are met
• Set stop loss below the ATR Stops
• Exit Buy whenever the system generates the bearish trend signals

Forex ART Trend Follower Strategy MT4 in Buy condition

SELL Entry

• Price bars is below ATR Stops fall downwards
• Price bar closes below the ATR Mid Channel line
• PSAR V2 appears above the respective price bar
• Histo Bands value is negative
• CCI value falling downwards
• TSI changes its current color pattern
• Open Sell position when the parameters above are met
• Set stop-loss above the ATR Stops
• Exit Sell whenever the system generates the bullish trend signals

Forex ART Trend Follower Strategy MT4 in Sell condition

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