Free Direction Forex System
A complete trading system composed of only one Metatrader 4 indicator. The system indicates you were to buy/sell currencies and how to trail stops up or down.
Preferred time frame(s): 30 Min – 1 Hour – 4 Hour – Daily
Trading sessions: Any
Preferred Currency pairs: Majors + EUR/JPY and GBP/JPY
USD/JPY 4H Trading Example
6 trading signals from this indicator on the JPY chart. For buy signals: trail your stop up just below the blue dots. For sell signals: trail your stop down just above the red dots. At some point the market will stop you out.
- Wait for a green arrow to appear on your chart
Enter buy trade and place stop loss below the most recent swing low price.
Price objective: close at risk to reward 1:2 or trail your stop up below the blue indicator dots.
- Wait for a red arrow to appear on your chart
Enter sell trade and place stop loss above the most recent swing high price.
Price objective: close at risk to reward 1:2 or trail your stop down above the red indicator dots.