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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.