Trend Trigger Mod Forex Trading Strategy

The main idea behind the Trend Trigger Mod forex trading strategy is reliability in its signals.

This powerful strategy is able to do this by applying some basic indicators and spotting simple setups within the activity currency chart.

Chart Setup

MetaTrader4 Indicators: Parabolic-close.ex4 (Colors modified; #0=Red), GMMA_Long.ex4 (default setting), TrendTriggerMod.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 Forex Trend Trigger Mod Forex Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Place a buy order if the following indicator or chart pattern gets displayed:

  1. If the red line of the Parabolic-close custom indicator crosses the blue lines of the GMMA_Long.ex4 indicator bottom up as shown on Fig. 1.0, price is said to be pressured to the upside, hence a trigger to go long on the pair of interest.
  2. If the cadet blue line of the TrendTriggerMod.ex4 custom indicator breaks and hovers above the 0.00 level (refer to Fig. 1.0), the sentiment in the market is said to be somewhat bullish, hence an alert to go long on the asset of choice.

Stop Loss for Buy Entry: Place stop loss 3 pips below immediate support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following takes center stage:

  1. If the red line of the Parabolic-close custom indicator crosses all the blue lines of the GMMA_Long.ex4 indicator in a top downward fashion, it is an indication of weaning bulls power, hence an exit or take profit is advised.
  2. If the cadet blue line of the TrendTriggerMod.ex4 custom indicator breaks below the 0.00 level during a buy trigger, it is an indication of halting bulls power, hence an exit or take profit is recommended.

Sell Entry Rules

Enter a sell order if the following holds sway:

  1. If the red line of the Parabolic-close custom indicator crosses the blue lines of the GMMA_Long.ex4 indicator top downward as seen on Fig. 1.1, price is said to be pushed lower, hence a trigger to sell the designated currency pair.
  2. If the cadet blue line of the TrendTriggerMod.ex4 custom indicator breaks and hovers below the 0.00 level as illustrated on Fig. 1.1, the sentiment in the market is said to be somewhat bearish, hence a signal to sell the pair of choice.

Stop Loss for Sell Entry: Place stop loss 3 pips above immediate resistance.

Exit Strategy/Take Profit for Sell Entry

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

  1. If the red line of the Parabolic-close custom indicator crosses all the blue lines of the GMMA_Long.ex4 indicator in a bottom up manner during an ongoing sell signal, it is a trigger to exit or take profit at once.
  2. If the cadet blue line of the TrendTriggerMod.ex4 custom indicator breaks above the 0.00 level during a bears market, it is an indication of weaning bears power, hence an exit or take profit is advised.

Sell Trade Example

Fig. 1.1

Free Download

Download the Forex Trend Trigger Mod Forex Trading Strategy

About The Trading Indicators

The GMMA_Long.ex4 indicator is a variant of the Guppy Multiple Moving Averages (GMMA) and is deployed in spotting changing trend, via a method that combines two groups of moving averages with varying time periods.

The Parabolic-close.ex4 custom indictor is an enhanced Parabolic SAR indicator that can be used in analyzing trending markets.

The Parabolic-close is constructed on the price chart in the form of a line.

It shares a lot of similarities with the Moving Average Indicator, but the only difference is that it moves with higher acceleration and may alter its position in relation to price.

The TrendTriggerMod.ex4 is a custom indicator that is used to define trend power and direction.

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