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It is an a system when applied correctly, can generate up to 92.12% winning ratio. i have developed this strategy in the form of custom mt4 indicators.
myfx trend trading system includes powerful trend trading strategies and it consists of 3 forex trend identifying indicators. Fast, medium & major trend identifiers, designed to be used together as a single trading system. Even an advance traders or absolute beginners, it gives the ability to take high-probability trades on most of the major currency pairs, preferably using shorter time frame charts.
first, we look at the color of the trend direction bands at the bottom of the chart. Blue is to buy and red is to sell. Incase, we have all the three indicators showing blue trend bands color, so we're looking to enter a buy only and if all the three indicators showing red trend bands color, so we're looking to enter a sell only.
second, we use shorter time frame charts for trading, m5 is preferable. We can get multiple trading opportunities and can able to generate profits.
third, we need to know when to take profits or close any open orders. When trend bands color changes opposite signal color then it can be a profit level.
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