BT Hyo Trend Forex Trading Strategy

The BT Hyo Trend forex trading strategy was designed to allow market participants make profits in existing currency trends on any pair.

Taking about timing, the strategy will time price and will only get in when it deems safe.

The added indicators will allow you gauge future price momentum, along with likely support and resistance zones (Ichimoku Kinko Hyo).

BSTrend and BT1 custom indicators are both used to confirm trends, making it a fine blend when put together into a trading strategy.

Chart Setup

MetaTrader4 Indicators: BT1.ex4 (Inputs Variable Modified; RISK=8), Ichimoku Kinko Hyo.ex4 (Colors Modified; Chikou Span=None, Up Kumo=None, Down Kumo=None), BSTrend.ex4 (Inputs Variable Modified; period=12)

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

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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 BT1 custom indicator bars gets placed on the candlesticks as seen on Fig. 1.0, a buy signal is said to be looming.
  2. If the blue line of the Ichimoku Kinko Hyo custom indicator intersects the red line in a bottom up manner as depicted on Fig. 1.0, price is said to be taken higher i.e. a trigger to buy the selected currency pair.
  3. If the deep sky blue bars of the BSTrend custom indicator gets put on display above the 0.00 level as illustrated on Fig. 1.0, a buy signal is said to be 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 center stage:

  1. If while a bullish trend is ongoing, a red BT1 custom indicator bar pops up on the activity chart, a bearish reversal is said to be imminent i.e. an exit or take profit will suffice.
  2. If the red line of the Ichimoku Kinko Hyo custom indicator thins out leaving behind a single blue line or if the blue line cuts through the indicator’s red line, it is a trigger to exit or take profit at once.
  3. If a violet bar is seen during a buy signal as indicated on Fig. 1.0, an exit or take profit is said to be on the horizon.

Sell Entry Rules

Enter a sell order if the following holds true:

  1. If the red BT1 custom indicator bars gets placed on the candlesticks as depicted on Fig. 1.1, a sell signal is said to be approaching.
  2. If the blue line of the Ichimoku Kinko Hyo custom indicator intersects the red line in a top downward fashion as shown on Fig. 1.1, price is said to be pushed lower i.e. a trigger to sell the designated fx pair.
  3. If the violet bars of the BSTrend custom indicator gets put on display below the 0.00 level as seen on Fig. 1.1, a sell signal is said to be 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 center stage:

  1. If while a bearish trend is running, a blue BT1 custom indicator bar pops up on the price chart, a bullish reversal is said to be pending i.e. an exit or take profit will do.
  2. If the red line of the Ichimoku Kinko Hyo custom indicator thins out leaving behind a single blue line or if the blue line cuts through the indicator’s red line, it is a trigger to exit or take profit forthwith.
  3. If a deep sky blue bar is seen above the 0.00 level during a sell signal (refer to Fig. 1.1), an exit or take profit stance will suffice.

Sell Trade Example

Fig. 1.1

Free Download

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About The Trading Indicators

The BSTrend indicator is one of the most valuable trend finder that deploys colored bars within its indicator window to define bullish (deep sky blue) and bearish (violet) market sentiments.

The BT1 custom indicator is a trend indicator that used two alterable colors in defining trend.

It takes up the shape of a candlestick as either blue (bullish signal) or red (bearish signal) shaped bodies on the activity chart.

Also known as the Ichimoku Cloud, the Ichimoku Kinko Hyo, is a robust MT4 indicator that describes support and resistance, spots trend direction, measures momentum and provides trading signals.

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