Forex Entry Points Trading System

Trading Systems

Introduction to the Forex Entry Points Trading System

The Forex Entry Points Trading System utilizes swing trading strategy.

It uses zig-zag, buy/sell arrows, trend filter based on RSI, and colorful candlesticks.

This system fits all kinds of timeframes and currency pairs.

How does it work? How to apply in trading?

Trading Rules Explanation

Buy Entry
Open long trade when the following conditions are met:

the Zig Zag recognizes the most recent low swing point
the filter displays bluish bars
candlestick turns lime green
an upward arrow appears

Sell Entry
Open sell trade when the following conditions are met:

the Zig Zag recognizes the most recent high swing point
the filter displays orange bars
candlestick turns orange
an downward arrow appears

Exit Trade / Take Profit
Exit a trade, when the zigzag recognizes a new extreme, or an opposite arrow appears, or use your own method for trade exit.

As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.

How to set up the Trend Pullback Solution Forex Trading System in MT4?

Files Included

Indicators:

arrows.ex4
candles.ex4
filter.ex4
zigzag.ex4

Templates:

Entry Points Trading System.tpl

Installation Guide

Copy and paste indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, that goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Similarly, copy and paste template file to the Templates folder.

Now, right-click on the chart, hover over Templates. You will have displayed a list of available systems, left-click template name you want to run.

Bottom Line

The Forex Entry Points Trading System is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions.