503# Bufu Trend Trading System
Bufu Trend with Trend Channel
Submit by Buddy 19/10/2013
Time frame: 30 min or higher.
Currency pair:any.
Bufu Trend Trading System is mainly a trend following system designed for trading forex market. It's based in Bufu trend signals, trend channel (i-regression curve) stochastics candles.
Metatrader indcators:
Stoch Candles ( Based on stochastic indicator);
Bufu trend signals (buy: blue bars, flat: yellow bars, sell: red bars);
Support and resistance indicator:the indicator shows the most powerful support and resistance LEVELS. Blue dots = support/resistance, Red dots = powerful supports and resistance levels.We’re going to use this indicator for stops and targets.
Trend Channel indicator: is simply a visual trend identifier ( yellow line ). It
provides visual confirmation for the rest of indicators used to identify the major
trend.
It doesn’t provide buy/sell signals but it provides overbought and oversold areas –
between red lines.
Red lines above yellow line = Overbought = Possible Reversal
Red lines below yellow line = Oversold = Possible Reversal
Wave Arrows
This indicator is based on fractals. And it provides visual entry and exit
suggestions in the form of Red and Blue arrows.
Red Arrow = Sell Signal = Close Buy
Blue Arrow = Buy Signal = Close Sell
Rules for Bufu Trend Trading System
Buy Signal
2- Bufu trend signals = Blue Bars;
3- Trend Channel = Up Trend;
Sell Signal
1- Red stoch Candles;
2- Bufu trend signals = Red Bars;
3- Trend Channel = Down Trend;
4- Red Arrow = Entry Signal.
Stops & Targets
For stops and targets we’re going to use the support/resistance indicator.
Trend Trading with Bufu
Bufu Trend with Trend Channel.
