Introduction to the Trend Pullback Solution Forex Trading System
The Trend Pullback Solution Forex Trading System utilizes a pullback trading strategy.
It means taking opportunities when there is a correction but the overall trend is clear. For example, there is a strong uptrend, but the price has fallen a bit. This point should be a good entry-level for a long trade as the trend should continue moving upwards.
This system fits all kinds of timeframes and currency pairs.
The MA_adaptive_rsi nrp indicator shows us the trend. Only take signals in agreement with the trend.
The MT4-StochasticRSI indicator gives us the timing for entry and exit.
How does it work? How to apply in trading?
Trading Rules Explanation
Enter long trade when the StoRSI goes below 25 and then turns up (SetupBar). A green arrow will be given at the close of this bar. Immediately enter on the open of the next bar. Place initial protective stop a few pips below the low of the SetupBar bar (approx 15 pips from entry depending on slippage).
Open sell trade when the StoRSI goes above 75 and turns down (SetupBar). A red arrow will be given at the close of this bar. Immediately enter on the open of the next bar. Place initial protective stop a few pips above the high of the SetupBar bar (approx 15 pips from entry depending on slippage).
Exit Trade / Take Profit
Exit sell trade when StoRSI goes below 25 and turns up. Similarly, exit buy trade when StoRSI goes above 75 and turns down.
There is an HMA (Hull Moving Average set to period 8) on the chart. It is not part of the arrow calculation. It is being used as a filter for bad/noisy signals or to help with exits.
There is also a New Candle Alarm indicator to tell you when a new candle is starting. This is not necessary, although it helps so you don’t have to look at the chart the whole time.
The Adaptive RSI is not on the chart but it is needed in the experts/indicators folder in order to run the MA Adaptive RSI indicator.
As always, to achieve good results, remember about proper money management.
How to set up the Trend Pullback Solution Forex Trading System in MT4?
- Adaptive RSI.mq4
- Grid Builder.mq4
- HMA Color nrp.ex4
- MA_adaptive_rsi nrp.ex4
- s-Constant Range Bars.ex4
- Pullback Solution Forex System.tpl
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.
The Trend Pullback Solution Forex 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.
Trend Pullback Solution Forex Trading System Free Download
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