427# Trend Rider Trading System
Trend Following System
Sumit by Monks 03/02/2013
Trend Rider Trading System uses three different indicators:
• TD 2 Indicator
• TD 3 Indicator
LONG ENTRY RULES
• Enter a LONG position when all following
conditions are met:
• TD 2 indicator is BLUE and just changes its
color from RED to BLUE
• TD 3 indicator is BLUE and just changes its
color from RED to BLUE
SHORT ENTRY RULES
• Enter a SHORT position when all following
conditions are met:
• TD 2 is RED and just changes its color from
BLUE to RED
• TD 3 indicator is RED and just changes its color
from BLUE to RED
STOP LOSS
• Use the value suggested by the StopLoss
Indicator
EXIT RULES
• There are two ways to exit your trade
• Use take profit level as suggested by the
StopLoss Indicator
• Exit when the system shows a reversal signal
EUR/USD Short Trade Example
• In this example, we are going to trade
EUR/USD pair. The timeframe used is 4-H.• As we can see from the screenshot above, the TD
3 Indicator turned from BLUE into RED. At the
same time, the TD 2 indicator also changed its
color from BLUE to RED. This was possibly a very
good set up for SHORT entry. So, on the opening
of the next candle, we entered a SHORT trade at
1.3762.
The StopLoss Indicator showed the suggested stop loss was 35 pips above the entry
point and so we set stoploss at 1.3797.
• The trade went down strongly in our favor direction. When the system generated a reversal signal, we exited our SHORT position at 1.3452 and got 310 pips in profit.
Share your opinion, can help everyone to understand the forex strategy.
Farhad (Monday, 19 August 2019 20:05)
Hi, is there td2 and td3 indicators for mt5?
blue girl (Monday, 24 September 2018 23:21)
repaint and do not use it!!
some people sell it to anyone for 90 $ !!!!
oh my GOD
catador4255 (Wednesday, 26 June 2013 04:22)
Don't bother trying it!!! TD2 and TD3 repaint closed bars of the histogram...