AFL Winner Forex Trading System

The AFL Winner Forex Trading System is a highly profitable trading strategy that takes advantage of the trending characteristic of price.

The well-defined trading rules ensures that traders can generate decent pips.

You must endeavor to follow the trading rules when trading this strategy else it becomes unforgiving and harsh just like any other profitable trading strategy out there.

There’s an inherent risk when we trade against the trend but the principle behind the AFL Winner Forex Trading System ensures that this doesn’t happen.

This is a pretty simple forex system that focuses on scanning the market for strong price moves and trading in the direction of such moves.

Chart Setup

MetaTrader4 Indicators: afl-winner-indicator.ex4 (Inputs Variable Modified; PERIOD=36, AVERAGE=24), i-ama-optimum.ex4 (Default Setting), holt-double-exponential-smoothing.ex4 (Inputs Variable Modified; Estimate period=18.33)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week

Recommended Trading Sessions: Any

Currency Pairs: Any pair

Download

Download the AFL Winner Forex Trading System

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Enter a bullish trade if the following indicator or chart pattern gets put on display:

  1. If the black histograms of the afl-winner-indicator displays lime bars at the top as shown on Fig. 1.0, price is said to be pressured to the upside, as such a buy trigger is apt.
  2. If the black dotted orange line of the i-ama-optimum Metatrader 4 forex indicator intersects the lime green line section of the holt-double-exponential-smoothing indicator in a bottom up manner as exemplified on Fig. 1.0, price is said to be pushed higher, as such a buy entry will suffice.

Stop Loss for Buy Entry: Place stop loss 3 pips below the previous swing low price.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit from all trades if the following rules or conditions takes precedence:

  1. If the black histograms of the afl-winner-indicator pops up a red bar at the top during a bullish trend (see Fig. 1.0), bulls power is said to be weaning, as such an exit or take profit is advised.
  2. If the black dotted orange line of the i-ama-optimum custom indicator intersects the orange line section of the holt-double-exponential-smoothing indicator while long positions are running live, bulls are said to be losing steam, hence a signal to exit or take profit at once.

Sell Entry Rules

Go short if the following setups gets displayed successfully on the activity chart:

  1. If the black histograms of the afl-winner-indicator displays red bars at the top as seen on Fig. 1.1, price is said to be pushed to the downside, as such an alert to go short on the designated fx pair.
  2. If the black dotted orange line of the i-ama-optimum indicator crosses the orange line section of the holt-double-exponential-smoothing indicator in a top downward fashion as illustrated on Fig. 1.1, price is said to be pushed lower, as such a sell entry will do.

Stop Loss for Sell Entry: Place stop loss 3 pips above the previous swing high price.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes center stage:

  1. If the black histograms of the afl-winner-indicator pops up a lime green bar at the top while a bearish trend is running (refer to Fig. 1.1), bears power is said to be halting, therefore it is appropriate to exit or take profit on sell orders.
  2. If the black dotted orange line of the i-ama-optimum custom indicator intersects the lime green line section of the holt-double-exponential-smoothing indicator while a bearish trend is ongoing, bears are said to be losing steam, hence a signal to exit or take profit forthwith.

Sell Trade Example

Fig. 1.1

Free Download

Download the AFL Winner Forex Trading System

About The Trading Indicators

The afl-winner-indicator.ex4 is a trend indicator that consists of histograms with red and lime bars at the top.

The i-AMA-Optimum.ex4 is an optimized version of the Kaufman’s Adaptive Moving Average (AMA) that was originally developed by Perry Kaufman and finds use on short and long periods.

The holt-double-exponential-smoothing.ex4 is a trend following indicator that is essentially used for forecasting but not as an average.

It uses linear forecasting in carrying out its forecasting method.

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