821# Black Panther Forex Strategy
Trend arrows as filter
High profittable trend following strategy
Black Panther forex strategy is a trend following tading system with robust filter whose purpose is to have an average profitability of between 56 and 70% even with outputs of positions at predetermined price levels, but the ultimate goal is to have a winning forex system. The system is very simple, it is based on two indicators only on the chart, one defines the market trend and also plays the role of filter and the other defines the timing of market entry, then, I added an information tool on the trend of the currency pair l called Infoboard.
Time frame 15 min or higher.
Currency pairs: Major, Minor and commodities.
This system works well with trending currencies so it is recommended to apply the template to currency pairs in trending at a daily time frame.
Metatrader 4 indicators:
Infoboard (tool )
Bull and Sell wait (2).
Levels of the market
trend arrows (period, 15).
Candlestick alerts.
Pattern Recognition Master.
Trading arrows Black Panther Forex Strategy
Buy
Trend arrows white arrows below the chart.
Bull and Sell wait white arrow.
Sell
Trend arrows blue arrows above the chart.
Bull and Sell wait blue arrow.
If the trend changes direction in the next bar the timing indicator arrow will enter the market anyway.
The proposed filter is very robust, succeeds in the objective of proposing market entries with a high probability of success.
A few words about the trend arrows filter indicator: I point out that it is a good indicator that can also be used in other trading systems(trend, breakout and trend-momentum also with pattern of price).
Exit Position
Place initial stop loss on the previous swing high/low.
Profit Target on the lines of levels, profit ratio stop/loss 1:1 to 1:11.5.
In the folder there are two pattern indicators Pattern reconignition and Candlestick alert. The Pattern Reconignition Master indicator is more stable so you have to select the best patterns, which can be chosen from those proposed by the other Candlestick indicator or from a personal choice. In the folder there are two pattern indicators Pattern reconignition and Candlestick alert. The Pattern Reconignition Master indicator is more stable so you have to select the best patterns, which can be chosen from those proposed by the other Candlestick indicator or from a personal choice. I also recommend using this template with 4-hour, daily and weekly patterns. The interpretation of the patterns is trend following.
In the pictures Black Panther Forex Strategy in action.
Telegram: Channel: https://t.me/freeforexresources
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