Hull Trend Forex Trading Strategy

The Hull Trend forex trading strategy is designed to notify currency traders of interesting changes in trends in the market.

It uses a setup that is easily recognizable and can be implemented by experienced and beginner trader alike.

The examples given below will further help our readers understand the core of this strategy in relation to its buy and sell setups. Download this strategy for free below!

Chart Setup

MetaTrader4 Indicators: Holt_double_exponential_smoothing_trend.ex4 (Input Variable modified; Trend period=18), Hull Trend.ex4 (default settings)

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

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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 displayed:

  1. If the gray line & lime green histograms of the Holt_double_exponential_smoothing_trend.ex4 custom indicator aligns above the 0.00 level as shown on Fig. 1.0, it is an indication of upward price pressures, as such buy entry is recommended.
  2. If blue bars of the Hull Trend custom indicator pops up on the activity chart, while its magenta line crosses the aqua line bottom up as seen on Fig. 1.0, the sentiment in the market is said to be bullish, hence a signal to buy the designated currency pair.

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

Exit Strategy/Take Profit for Buy Entry

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

  1. If the gray line & orange histograms of the Holt_double_exponential_smoothing_trend.ex4 custom indicator readjust to go below the 0.00 level, an exit or take profit is strongly advised.
  2. If the bars of the Hull Trend custom indicator turns red, while its magenta line intersects the aqua line top downward, it is an indication of weaning bulls power, hence an exit or take profit will do.

Sell Entry Rules

Initiate a sell entry if the following holds true:

  1. If the gray line & orange histograms of the Holt_double_exponential_smoothing_trend.ex4 custom indicator takes position below the 0.00 level as depicted on Fig. 1.1, it is an indication of downward price pressures, as such a sell entry is advised.
  2. If red bars of the Hull Trend custom indicator gets displayed on the activity chart, while its magenta line crosses the aqua line top downward as illustrated on Fig. 1.1, the sentiment in the market is said to be bearish, hence a signal to sell the specified forex pair.

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

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following holds sway:

  1. If the gray line & lime green histograms of the Holt_double_exponential_smoothing_trend.ex4 custom indicator realigns to go above the 0.00 level, an exit or take profit is strongly advised.
  2. If the bars of the Hull Trend custom indicator turns blue, while its magenta line intersects the aqua line bottom up, it is a signal of halting bears strength, hence an exit or take profit will suffice.

Sell Trade Example

Fig. 1.1

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About The Trading Indicators

The Holt_double_exponential_smoothing_trend.ex4 indicator oscillates above (buy) or below (sell) its signal level i.e. the 0.00 level.

The Hull Trend custom indicator is an oscillator that is a popular trend following technical studies and is based on the moving average 20.

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