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perfect trend catch system mt4
This is very simple trading system that anyone can easily master after a little practice on a demo account for some time. The system has a high accuracy rate and TP can be hit most of the time. This system aims at catching the pips when a trend is in the play. The indicators will help you spot these cool periods. Here is a screenshot of the system.
When to BUY
1. When the BBANDS indicator turns BLUE
2. When the Blue moving averages cross and go upwards. The two thick blue moving averages need to be some distance from each other and not stuck together. This indicator that there is momentum in the UP move.
3. When the Blue Moving averages are above the WHITE CHANNEL
4. When the MACD histogram is ABOVE the ZERO line and also ABOVE the RED line.
These are the steps that you need to follow closely to identify a BUY setup. If you stick to these rules, you will end up with green pips most of the times. The major problem occurs when you try to burn one of the rules.
The Takeprofit and Stoploss is at your own discretion. These values depends on the charts on which you are working on. For example on the H1 chart, you should aim at a lower TP( e.g 60pips) and on the H4, you can aim at a higher TP(e.g 100pips+)
Refer to the screenshot above for the buy trading rules.
When to SELL
You open a SELL position exactly when the opposite of the Buy setup occurs which are as follows:
1. When the BBANDS indicator turns RED
2. When the Blue moving averages cross and go downwards. The two thick blue moving averages need to be some distance from each other and not stuck together. This indicator that there is momentum in the DOWN move.
3. When the Blue Moving averages are below the WHITE CHANNEL
4. When the MACD histogram is BELOW the ZERO line and also BELOW the RED line.
