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Trend Catcher

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Your Price: $5.00
Part Number: FTS5
Availability: In Stock.

This trend trading system uses macD, moving averages, and a special bollinger bands indicator that changes from red to blue. Instructions for placing trades and exiting.


When to Buy

  • When the BBANDS indicator turns BLUE
  • When the Blue moving averages cross and go upwards. The two thick blue moving averages need to be  some distance from each other and not stuck together. This indicator that there is momentum in the UP move.
  •  When the Blue Moving averages are above the WHITE CHANNEL
  • When the MACD histogram is ABOVE the ZERO line and also ABOVE the RED line.
These are the steps that you need to follow closely to identify a BUY setup. If you stick to these rules, you will end up with green pips most of the times. The major problem occurs when you try to burn one of the rules.

The Take profit and Stop loss is at your own discretion. These values depends on the charts on which you are working on. For example on the H1 chart, you should aim at a lower TP( e.g 60pips) and on the H4, you can aim at a higher TP(e.g 100pips+)

When to Sell

  • When the BBANDS indicator turns RED
  • When the Blue moving averages cross and go downwards. The two thick blue moving averages need to be some distance from each other and not stuck together. This indicator that there is momentum in the DOWN move.
  • When the Blue Moving averages are below the WHITE CHANNEL
  • When the MACD histogram is BELOW the ZERO line and also BELOW the RED line.

When NOT to Trade

1. You should not be trading when all the rules have not been met.
2. You should not trade when the moving averages are stuck together. This indicates a ranging market. This system will not work during ranging markets. 

When to Close Trades

Your trades should be closed automatically if you have take profit and stop loss in place. However, if you are available to monitor your trades, you can wait for an opposite signal to occur then you close your trade to open the opposite one. This helps you catch more pips than in a fixed take profit setup. Trailing Stop can also be good, however it should not be too tight as you will be out of the good trades too soon.

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