Forex Megatrend Trading System
Trading SystemsThe Forex Megatrend Trading System is a trend strategy. It is made of three indicators: Heiken Ashi Smoothed, BBands_Stop_V1, SilverTrend_Signal. You should use it on H1 and higher timeframes.
How to trade with Megatrend Trading System?
Buy Signal – open long trade when:
- 1. All indicators agree in their direction. They should turn Blue.
- 2. Open the trade after the SilverTrend indicator displayed arrow pointing upwards. It is important to enter the market in the direction of the trend. I.e. waiting until SilverTrend shows a buy signal.
Sell Signal – open sell trade when:
- 1. All indicators agree in their direction. They should turn Red.
- 2. Open the trade after the SilverTrend indicator displayed arrow pointing downwards.
Take Profit: At your discretion.
Stop Loss: Same as TP or on the level of the nearest high / low.