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.

Chart Setup

Indicators: Direction
Preferred time frame(s): 30 Min – 1 Hour – 4 Hour – Daily
Trading sessions: Any
Preferred Currency pairs: Majors + EUR/JPY and GBP/JPY

Download

Download the Free Direction Forex System for Metatrader 4.

USD/JPY 4H Trading Example

forex-direction-system

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.

Trading Rules

Buy Rules:

  • 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.

Sell Rules:

  • 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.

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