Trend Linear Forex Strategy

The Trend Linear forex strategy is a simple intraday trading system that can be utilized by any trader out there.

The strategy makes use of two forex trading indicators in deciding when a trader should enter a buy/sell.

Chart Setup

MetaTrader4 Indicators: TrendLinearReg.ex4 (default setting), (T_S_R)-SlopeDirectionLine.ex4 (period value modified=100)

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

Recommended Trading Sessions: New York Open & London Open

Currency Pairs: USD/CHF, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, NZD/USD, EUR/CHF, CAD/JPY, CAD/CHF

Download

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Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Enter a buy in the market if the following conditions or rules are intact:

  1. If the (T_S_R)-SlopeDirectionLine.ex4 custom indicator line turns light blue, price is said to be pressured higher i.e. a buy signal.
  2. If the histograms of the TrendLinearReg.ex4 custom indicator turns lime green and is aligned above the 0.00 signal level, price is said to be pressured higher i.e. a buy alert. When the color of the histogram turns red while aligned above the 0.00 level, don’t be alarmed, as this is a show of sellers pulling price in a bullish market.

Stop Loss for Buy Entry: Place stop loss below immediate support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following indicator of chart pattern gets displayed:

  1. If the (T_S_R)-SlopeDirectionLine.ex4 custom indicator line turns tomato as seen on Fig. 1.0, price is said to be taking a turn from its earlier stance i.e. an exit or take profit is appropriate.
  2. Watch out for the histograms on the TrendLinearReg.ex4 custom indicator, if it turns red and declines to form below the 0.00 signal level, it is a trigger to exit or take profit.

Sell Entry Rules

Initiate a sell in the market if the following rules or conditions are true:

  1. If the (T_S_R)-SlopeDirectionLine.ex4 custom indicator line turns tomato, price is said to be pressured lower i.e. a sell signal.
  2. If the histograms of the TrendLinearReg.ex4 custom indicator turns red and is aligned below the 0.00 signal level as seen on Fig. 1.1, price is said to be pressured lower i.e. a sell alert.

Stop Loss for Sell Entry: Place stop loss above immediate resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit in the market if the following rules or conditions are true:

  1. If the (T_S_R)-SlopeDirectionLine.ex4 custom indicator line turn light blue as shown on Fig. 1.1, price is said to be taking a turn from its earlier stance (bearish) i.e. an exit or take profit is appropriate.
  2. Watch out for the histograms on the TrendLinearReg.ex4 custom indicator, if it turns lime green and forms above the 0.00 signal level, it is a trigger to exit or take profit.

Sell Trade Example

Fig. 1.1

Free Download

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About The Trading Indicators

The real author of the TrendLinearReg.ex4 custom indicator is Sergej Solujanov, and the indicator is designed to spot trend changes.

The indicator can be traded by observing when it crosses the zero line (just as we’ve done), touches the peak value or even trading zone breakout.

h (T_S_R)-SlopeDirectionLine.ex4 custom indicator offers traders a picture of the overall trend, using its tomato (sell alert) and light blue (buy alert) line.

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