Forex Trend Tracker Strategy

Forex Trend Tracker Strategy is a another trend follower forex trading system strategy which has been known and admired widely by a lot of trend loving trader in global financial market. The mainly of this strategy is completely Moving Average based. It uses many exponential moving average indicators to track the trend and spot market entry areas.

Forex Trend Tracker Strategy can be used by any level of trader who have a basic understanding of moving average rules. Newbie traders are especially apply this system for trading purpose. You can use this system for any currencies pair and math with any timeframe chart available in mt4 terminal.

After Forex Trend Tracker Strategy installed on mt4 terminal and loaded, on main chart should be look like below.

Forex Trend Tracker Strategy

INDICATORS

• Fast EMA Set : it is a set of shorter period of Exponential Moving Average,  It reacts very fast with market price moving and generates more signals than Slow Ema indicator.


• Slow EMA Set : It is a set of longer period of Exponential Moving average, it reacts slower than Fast Ema indicator and produces lesser signals.


• 3 EMA : To plot Moving Averages lines, it reads last 3 candle bars and produces crossover signal.


• 21 EMA : It is 21 period Exponential Moving Average which has been known and very much admired by professional day traders, this indicator also produces crossover trend signals like 3 EMA.


• 55 EMA : At this strategy ,it is a longest period EMA which produces very reliable trend signals for intraday or weekly trader.

Forex Trend Tracker Strategy indicators

RULE OF Forex Trend Tracker Strategy MT4

BUY Entry

• 3 EMA line crosses the 21 and 55 EMA lines upward
• Fast EMA Set crosses Slow EMA Set line upward
• The candle bar must be closed above all EMAs.
• Put stop-loss below the respective candle bar.
• Exit Buy trade whenever EMAs make opposite crossovers.

Forex Trend Tracker Strategy BUY condition

SELL Entry

• 55 EMA line crosses the 3 and 21 EMA lines upward
• Fast EMA Set crosses Slow EMA Set line downward
• The candle bar must be closed below all EMAs.
• Put stop-loss above the respective candle bar.
• Exit Sell trade whenever EMAs make bullish crossovers.

Forex Trend Tracker Strategy SELL condition

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