Great Forex Trader System

Platform: Trading Systems

Last update: September 8, 2024

The Great Forex Trader System is a custom trend-following strategy.

It is made of the following indicators: dots, double line, MACD, trend strength and simple moving average.

The great trader system rules explained

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

Dots indicator (GreatTrader_NLD) is blue and above 60 SMA (yellow line);
Double Line Indicator (GreatTrader_TLSM) is blue and above 60 SMA (yellow line);
MACD Indicator (GreatTraderMACD_Color) is blue;
Trend Strength (GreatTrader_PW) is light blue (normal trend) or dark blue (strong trend);
Place your stop loss a few pips below last swing low.

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

Dots indicator (GreatTrader_NLD) is red and below 60 SMA (yellow line);
Double Line Indicator (GreatTrader_TLSM) is red and below 60 SMA (yellow line);
MACD Indicator (GreatTraderMACD_Color) is red;
Trend Strength (GreatTrader_PW) is light red (normal trend) or dark red (strong trend);
Place your stop loss a few pips above last swing high.

Exit Trade / Take Profit
Close your open position when the opposite signal appears, or use your own preferred method of trade exit.

Indicators: