Forex Daily Trend Strategy

Forex Daily Trend Strategy

Forex Daily Trend is the forex trading indicator that you have been looking for. That's because it makes your trading life easier by making simple things. This is a very popular forex trading system. This is popular because of its simplicity and consistency in performance. This indicator consists of several indicators that help you make healthy trading decisions. Forex Daily Trend helps you minimize risk and maximize prizes. It's all about managing money in terms of profitable forex trading. Regardless of how well the trading system will fail if good money management is not implemented.

Bollinger bands function as support and resistance levels. The lower band functions as a support while the upper bad functions as resistance. The middle band works as a median line. When the market is above the midline, this indicates bullish conditions and vice versa.

You can see the green and red arrows on this indicator. A green indicator shows a buy signal while the red arrow indicates a sell signal. Even though you are trading indicators this signal will not produce often but when it is very reliable. So you have to wait for the right moment to happen and pull the trigger.

In addition, you can also see other partner trends whether they are up, down or down.

Buy entry:

Buy condition

• The market must rise in trend.
• The market must bounce from the lower band or mid band.
• A green arrow will appear on the chart.
• Place Buy position when all of the above parameters are met.
• Place your stop loss below the swing low recently.
• Take profit when the red arrow appears above the market.

Sell entry:

Sell condition

• The market must go down the trend.
• The market must fall from the upper band or mid band.
• A red arrow will appear on the chart.
• Place Sell position when all of the above parameters are met.
• Place your stop loss above the recent high swing.
• Take profit when the green arrow appears on the chart.

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