127# Trend Bias Direction Forex Strategy
Trend Following Trading System
Complex Forex Strategy
Submit by Dimitri
Overview
This trading system is designed to facilitate trading in the direction of the prevailing trend, increasing the probability of profitable trades. It combines a Trend Bias with Weighted Trade
Signals, allowing traders to make more informed and objective decisions. These signals indicate whether the price is likely to continue in the trend direction or if a potential reversal is
imminent.
Trend Bias
The Trend Bias is a selectable parameter that determines when Weighted Trade and Reversal Signals are displayed on the chart.
Weighted Trade Signals
Traders can choose from various signals to form their trading system and rules. Each selected signal has a weighted trade score. As the price moves in the trend direction, these Weighted Trade
and Reversal Signals are generated. When the cumulative score of these signals reaches predefined Low, Medium, or High thresholds, a Weighted Trade or Weighted Reversal signal appears on
the chart.
Weighted Trade Signals: Indicate that the price is likely to continue in the trend direction.
Weighted Reversal Signals: Indicate a potential trend reversal, acting as a cautionary signal.
The cumulative score resets to zero when the trend direction changes or when a Weighted Reversal Signal is displayed.
Look Back Signals
Upon a trend reversal, the system reviews previous candles for reversal signals. If such signals are present, a "Look Back" trade signal is generated, indicating a higher probability that the new
trend will persist.
Histogram
A histogram chart displays the selected Trend Bias and can show trade signals from the current timeframe. In a multi-chart setup, signals from higher timeframes can be displayed.
Single and Multi-Chart Use
The indicators can be used on a single chart or in a multi-chart setup (D1/H1/M15/M5) that shares information through global variables. For example, look back signals can be configured to
generate only in the direction of a higher timeframe's trend.
Example application with TMA
I proposed this application with TMA because in this website the topic is quite in-depth for many years in this direction so we have another well-structured strategy.
Trade in the direction of the big white arrow in sub window of the Time FX Trend Bias and Weighted Trade Signal indicator.
Buy
Big buy white arrow below the chart.
Yellow buy arrow in the main chart.
Sell
Big sell white arrow below the chart.
Yellow sell arrow in the main chart.
Exit position
Place initial stop loss below/above the previous swing high/low.
Profit Target at the middle line or ratio stop loss 1:1.15.
Download here:
https://drive.google.com/drive/folders/1UZ4X8EoJ9PO46_a3A18R-v8bpij-TUbQ?usp=sharing
Source: Forex Factory: https://www.forexfactory.com/thread/1031552-trend-bias-and-weighted-trade-signals-trading-tools
Source ForexSystem.ru:
https://forexsystemru.com/threads/dlja-vsex-kto-torguet-m1.89280/page-209
Forex Scalper
M1 Timeframe
Currency pairs: Majors
Indicators:
HMA rnp (180)
Filter
Signals
It is the signal when both indicators are of the same color. Please take an action as
soon as you see both of them of the same color – do not wait for a sound alert or any
pop-up messages. There are no such alerts. Scalping is the quickest type of trading,
there is no place for the time-consuming alerts, you must follow the price and react.
HMA RNP may change its color often, that’s why please make sure that
filter is also of the same color before placing the order. Commonly, filter
filters out most of the false signals.
Long Entry
When both HMA RNP and filter become blue, open Buy Order .
Short Entry
When both HMA RNP and filter become red, open Sell Order.
Exit Position
When HMA RNP changes its color – it is the signal for closing an order. Once it
has changed the color, close the current order and wait.
If after it ultra_filter also changes the color, open a new order in the opposite to the previous order direction.
If ufilter remains of the same color and doesn’t change it, wait for
HMA RNP to return back to the previous same color so they matched again and
place the order in the same direction as the previous one
Long Entry
When both HMA RNP and filter become blue, open Buy Order .
Short Entry
When both HMA RNP and filter become red, open Sell Order.
