Trend Way” Forex trading system
Simple but profitable system “Trend Way” is designed for trading in the Forex market and is designed specifically for beginner traders. The system has been known since 2015 and the accuracy of its signals is 85%. Trend Way” system is based on the principle of following the trend. It is recommended to use the main currency pairs (majors) for trading on timeframes of 30 minutes and more. More experienced traders will be able to use this system for scalping. In this case, you should trade according to the charts M5 and M15. You will also need scalping brokers.
The main indicator of the “Blip-bloop” system shows the trend on the current timeframe. It is displayed on the main chart with a red or blue line. On the upward trend the line is blue, and on the downward one it is red.
The “MKNC4” indicator is set in the first lower window of the terminal. This indicator is calculated based on fast and slow exponential averages. The “MKNC4” indicator determines the strength of the currency exchange rate pulse. It is displayed on the chart as a blue dotted line and a number of red dots. Their intersection and gives a signal to enter the market.
The second lower window contains the “Trend direction force index” indicator. It determines the direction and strength of the trend. These values are displayed by the position and color of the two indicator lines. If the lines are above zero, the trend is up, if lower, the trend is down. The blue lines indicate an upward trend and the pink lines indicate a downward trend
This screenshot shows an example of opening a Buy position. After the “Blip-bloop” indicator line has become blue, we wait for confirmation of other indicators. First, the blue dotted line crossed up a series of red dots. The position is opened after the “Trend direction force index” indicator line has risen above the zero level and colored blue. Stop-loss is set below the “Blip-bloop” indicator level. The position is closed after the price falls below the line of this indicator. Approaching the indicator “Trend direction force index” to zero level means the end of the uptrend
Here is an example of opening a position to sell. After the “Blip-bloop” indicator line has become red, we wait for confirmation of other indicators. The blue dotted line is already below the row of red dots. The position is opened after the indicator line “Trend direction force index” falls below zero and is colored pink. Stop-loss is set above the “Blip-bloop” indicator level. The position is closed after the price rises above the line of this indicator. The “Trend direction force index” indicator confirms this decision.