TW Trend Following Forex Trading Strategy Download

The TW System is a trend-following trading strategy for forex. Based on 15 different indicators, this system. Even if you have never traded before, the technique is simple to understand and incredibly simple to put into practice.

It builds an advanced trend-following method using a number of momentum and moving average-based indicators. This program generates exit indications for its customers while attentively tracking market developments, plotting trading signals along trend lines.

All currency pairs can use it, but major currency pairs are where it works best. The M30 and 4-hour durations are the most effective in terms of duration. The best outcomes are typically obtained during these times. The TW System, however, can be traded successfully on all other timeframes.

The complete Forex Trading Strategy is done manually. The indicators generate the signals, but the trader ultimately decides whether to enter the market and whether to establish protection stops or profitable exit stops. As a result, the trader must be conversant with the concepts of risk and reward and set entries and exits using initial support and resistance levels.

The Trend Following Indicator can provide you with trade indications that you can use as-is or combine with extra chart research to further filter the signals, which is advised. Although this strategy can be used by traders of all experience levels, it may be helpful to practice trading on an MT4 demo account first until you are reliable and self-assured enough to trade in real time.

Indicators Used in this Forex Trading Strategy

15 specialized indicators are used in the Forex Trading Strategy. Here are explanations of a few of these markers.

• T3 Moving Average and Snake: These two indicators cross over and provide crossover signals. The bullish crossover is shown by the snake above the T3 Moving Average, while the bearish crossover is represented by the opposite situation.
• Support/Resistance and Pivot Custom: These two indicators identify the market’s active regions. Pivot Custom and Support/Resistance levels are plotted for intraday and longer-term trading, respectively.
• AFL Winner: AFL Winner is a momentum indicator that shows when the market is overbought or oversold. When it is close to 11, the market is deemed to be oversold; when it is close to 95, the market is thought to be overbought.
• All three of these indicators—Trend Session, xSuper Trend, and FSP—perform similarly in spotting market trends. When the trend is bullish, all of these indicators’ bars change yellow; when the trend is bearish, all of the bars turn red.

Any Forex currency pair as well as other assets including stocks, commodities, cryptocurrencies, precious metals, oil, gas, and so on can be traded with this MetaTrader 4 trading system. Additionally, you may apply it to any time frame that works best for you, including charts for one minute to one month. greatest results on timeframes M15 or H4.

Trading rules

When employing the Trend Following Strategy, keep in mind to adjust your stop loss orders around High Impact News Releases, or refrain from trading at least 15 minutes before and after these events.

As usual, use wise money management to get the best outcomes. You need to master discipline, emotions, and psychology to be a successful trader. Knowing when to trade and when not to is essential. Avoid trading at times and under unfavorable market conditions, such as low volume or volatility, outside of the main sessions, with exotic currency pairs, wider spreads, etc.

buy

• Moving above the T3 Moving Average is the snake.
• Lower Support/Resistance or Pivot Custom levels provide price support.
• AFL recovers from its oversold position.
• At the same moment, FSP, xSuper Trend, and Trend Session all turn yellow.
• When the aforementioned requirements are satisfied, purchase triggers.

sell

• Moving below the T3 Moving Average is the snake.
• The higher Support/Resistance or Pivot Custom levels resist price.
• The AFL declines from its overbought position.
• At the same moment, Trend Session, xSuper Trend, and FSP all turn red.
• All of the aforementioned requirements must be satisfied in order for the sell to occur.

Trade Exist

Using a set profit objective, any trades with this forex trading indicator can be closed. As an alternative, the profit objective should be established utilizing a previous level of support, resistance, or high-low as a guide. In the event that the system’s conditions change and the opposite signal appears, you may also choose to close the transaction manually.

When Snake and T3 Moving Average provide a bearish/bullish crossing indication, exit long positions.

It is advised to employ a stop loss. Set the stop loss below the entry price using prior support and resistance as a guide or on the prior high and low swing. It is not advised to use fixed stop loss values without any reference points.