260# Trend Strength Forex System
Submit by Joker 13/12/2012
Time Frame 4H or daily
Indicators:
Awesome,
Trend Momentum
Trend Strength
Long Entry Rule
1. The Awesome Oscillator is Blue.
2. The Trend Momentum is Blue.
3. The Trend Strength is Blue and above the 16 level.
Short Entry Rule
1. The Awesome Oscillator is Red.
2. The Trend Momentum is Red.
3. The Trend Strength is Red and above the 16 level.
Exit Strategy
Allow the trade to run until 2 indicators are showing a reverse signal.
Stop loss
Use stop loss around 50-100 pips and do not risk more that 10% of your available balance
Trade Example
In the pictures Trend Strength forex system in action.
Use stop loss around 50-100 pips and do not risk more that 10% of your available balance
Trade Example
Short Position
AUD/USD (4H time frame)
In this example, when
- The Awesome Oscillator is Red.
- The Trend Momentum is Red.
- The Trend Strength is Red and above the 16 level.
We entered short position at 0.6735. Here we used stop loss at 50 pips above the entry
point.
The trade went well in our favor direction, when two indicators showed reversal signal
- The Trend Momentum is Blue.
- The Trend Strength is Blue.
We exit out short position and took profit at 0.6535 (200 pips)
Long Position
EUR/USD (4 Hour Time Frame)
In this example, when
- The Awesome Oscillator is Blue.
- The Trend Momentum is Blue.
- The Trend Strength is Blue and above the 16 level.
We entered long position at 1.2365. Here we used stop loss at 50 pips below the entry point.
The trade went well in our favor direction, when two indicators showed reversal signal
- The Trend Momentum is Red.
- The Awesome Oscillator is Red.
We exit out long position and took profit at 1.2375 (370 pips)
Tren Momentum Forex Trading system: Template and Indicators
Share your opinion, can help everyone to understand the forex strategy.
Yeap Nga Luan (Tuesday, 12 April 2016 02:36)
Hi, thanks so much for your sharing.
Is that only suitable to trade H4 and Daily time frame?
Thanks.