Trend Power Manager Forex Trading Strategy

If you’re serious about creating a profitable currency trading career, then it’ll be wise for you to keep your eyes fixed on the journey rather than the prize, which certainly remains a motivations for most market participants.

The Trend Power Manager forex trading strategy is an emotionally balanced trading strategy that takes you through the personal development of being a successful online currency trader.

Chart Setup

MetaTrader4 Indicators: TrendManager.ex4 (Inputs Variable Modified; TM_Period=21, TM_Shift=6), fxtrendpower.ex4 (Default Setting)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day

Recommended Trading Sessions: Any

Currency Pairs: Any pair

Download

Download the Trend Power Manager Forex Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy entry if the following indicator or chart pattern gets put on display:

  1. If the blue vertical bars of the TrendManager custom MT4 indicator gets aligned somewhat below price bars as shown on Fig. 1.0, bulls are said to be taking price higher, as such a trigger to go long on the selected fx pair is advised.
  2. If the blue horizontal bar forms within the base of the indicator window (see Fig. 1.0), price is said to be driven to the upside, as such a buy signal is in the offing.

Stop Loss for Buy Entry: Place stop loss below short-term support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions takes precedence:

  1. If a red vertical bar of the TrendManager custom indicator pops up on the activity chart while a buy signal is running, it is a trigger to exit or take profit at once.
  2. If a gold horizontal bar emerges within the base of the indicator window (refer to Fig. 1.0), it is a trigger to exit or take profit forthwith.

Sell Entry Rules

Enter a sell order if the following holds true:

  1. If the red vertical bars of the TrendManager custom MT4 indicator gets aligned fairly above price bars as seen on Fig. 1.1, bears are said to be driving price lower, as such a sell alert is on the horizon.
  2. If the gold horizontal bar forms within the base of the indicator window as illustrated on Fig. 1.1, price is said to be pushed higher, hence a sell alert is in the cards.

Stop Loss for Sell Entry: Place stop loss above short-term resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes to the fore:

  1. If a blue vertical bar of the TrendManager custom indicator pops up on the activity chart as depicted on Fig. 1.1, while a sell signal is ongoing, it is a trigger to exit or take profit immediately.
  2. If a blue horizontal bar emerges within the base of the indicator window, it is a trigger to exit or take profit without delay.

Sell Trade Example

Fig. 1.1

Free Download

Download the Trend Power Manager Forex Trading Strategy

About The Trading Indicators

The TrendManager indicator is designed to follow trend during volatile market sessions.

The fxtrendpower custom indicator deploys horizontal line in gold and blue colors to distinguish between bearish and bullish market signals respectively.

Download The Bollinger Band Bounce Trading Strategy For FREE!

Combines Price Action And Market Volatility To Help You Identify Profitable Entries And Exits Quickly and Accurately.



  • Up To 100 Pips Per Trade With Low Risk
  • Includes Entry, Stop-Loss And Take Profit Rules
  • Learn And Trade This Strategy In only 10 Minutes