This system is called the Mega Trend system. It’s made up of 3 custom MT4 indicators and shows you exactly where to enter your trades, place stops and set your profit targets.
Chart Setup
Indicators: 3c_Turbo_JRSX_wAppliedPrice, #FPL-SR, Mega trend
Preferred time frame(s): 5 Min and above
Trading sessions: London & US for M5 and M15 – Any session for M30 and up
Preferred Currency pairs: Any
Download
Download the Forex Mega Trend System for Metatrader 4.
How the system looks
Trading Rules
Buy Rules:
- Price trades above the Mega trend indicator (bullish trend)
- 3c_Turbo_JRSX_wAppliedPrice indicator turns red (above 70 value)
This is your buy entry signal. Place protective stop-loss 1 pip below the green #FPL-SR support line.
Price objective: Look to take profit at the #FPL-SR red line (resistance).
Sell Rules:
- Price trades below the Mega trend indicator (bearish trend)
- 3c_Turbo_JRSX_wAppliedPrice indicator turns green (below 30 value)
This is your sell entry signal. Place protective stop-loss 1 pip above the red #FPL-SR resistance line.
Price objective: Look to take profit at the #FPL-SR green line (support).
